EVgo Races Ahead on NACS With Nearly 100 Stalls Live Today, Hundreds More Coming in 2026
MWN-AI** Summary
EVgo Inc. (NASDAQ: EVGO), a leader in public fast charging infrastructure for electric vehicles (EVs), has announced ambitious plans to expand its deployment of North American Charging Standard (NACS) connectors. Following a successful pilot program in 2025, where nearly 100 NACS connectors were installed across 22 metropolitan areas, EVgo aims to install over 500 NACS connectors by the end of 2026, targeting key markets such as Austin, Houston, Las Vegas, Orlando, and Chicago.
Recognizing that more than 80% of new EVs in North America are expected to be NACS-compatible by 2030, EVgo's strategy seeks to meet the surging consumer demand for charging infrastructure. Most charging sites will be equipped with two to four NACS connectors, with the capacity to expand as growth necessitates. This approach is designed to enhance accessibility for both Tesla drivers and owners of newer NACS-equipped vehicles.
CEO Badar Khan emphasized that increasing the availability of NACS connectors will facilitate public fast charging near daily amenities and improve the overall driving experience for EV users. With this increased infrastructure, EVgo anticipates a significant uptick in charging sessions due to the growing presence of NACS-compatible vehicle models.
Additionally, the company’s Autocharge+ service, which has seen over 5 million sessions since its launch, will continue to cater to both NACS and CCS drivers, ensuring a seamless charging experience. EVgo's commitment to technological innovation, combined with their strategic partnerships with various businesses, positions them as a key player in the evolving EV market. The company remains focused on refining its offerings through rigorous testing, aligning with the anticipated growth in the electric vehicle landscape. For more details, visit www.evgo.com.
MWN-AI** Analysis
EVgo Inc. (NASDAQ: EVGO) is positioning itself as a frontrunner in the electric vehicle (EV) charging sector with its aggressive rollout of North American Charging Standard (NACS) connectors. The company’s strategy is well-timed given the expected surge in NACS-compatible vehicles, which could constitute over 80% of new EV sales in North America by 2030. As of January 2026, the company has nearly 100 NACS stalls operational, with plans for a broader deployment exceeding 500 by year-end 2026 across key urban areas such as Austin, Chicago, and San Francisco.
This multi-pronged approach has the potential to significantly boost EVgo's market share and throughput. By offering a mix of two to four NACS connectors at various sites, EVgo is ensuring flexibility to scale operations based on demand. As a financial analyst, the company's growth in the NACS segment reflects a strategic response to consumer behavior and industry trends. This could lead to increased engagement among consumers who own NACS-compatible vehicles, including Tesla, further enhancing EVgo's customer experience with its Autocharge+ feature.
In light of these developments, investors should keep an eye on EVgo’s ability to maintain momentum in connector installations and customer engagement, particularly as competition in the charging sector intensifies. Further, rigorous testing at its Innovation Lab positions EVgo as a leader in the quality of its charging infrastructure, an aspect critical for long-term sustainability.
Overall, as the EV market evolves and consumer preferences shift toward NACS compatibility, EVgo presents an attractive investment opportunity. Monitoring the company’s progress in meeting its ambitious deployment targets and capturing market share remains vital for assessing its growth trajectory.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Company aims for leading presence of NACS connectors in key markets
LOS ANGELES, Jan. 27, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), announced new plans to roll out NACS connectors to meet consumer demand. Following its successful 2025 pilot, during which the Company installed nearly 100 NACS connectors across 22 major metropolitan areas, EVgo plans to accelerate deployment to reach more than 500 NACS connectors installed by the end of this year.
NACS connectors will be installed at both existing and new locations to serve both Tesla drivers and the growing number of new vehicle models equipped with the NACS inlet. With more than 80% of new EVs sold in North America expected to be NACS compatible by 2030, EVgo’s NACS deployment plans are designed to broaden its existing customer base and increase throughput while meeting anticipated consumer demand1. In 2026, EVgo intends to deploy additional NACS stalls in key markets with increasing NACS vehicle penetration including Austin, Houston, Las Vegas, Orlando, Phoenix, Chicago, Dallas, Detroit and San Francisco. By the end of 2026, EVgo plans to offer NACS charging in more than 25 states.
Most sites will feature two to four NACS connectors with flexibility to expand as demand grows. EVgo will continue to monitor customer behavior and can add more NACS connectors where needed to ensure drivers have convenient access.
“Increasing the share of NACS connectors on EVgo’s high-power network means more EV drivers will have access to public fast charging near their everyday amenities like grocery stores, shopping and restaurants,” said Badar Khan, CEO of EVgo. “We are already seeing an increase in NACS throughput on our network, and with more than 35 NACS models expected on American roads by the end of the year, we expect that to grow as we add more connectors throughout the country.”
Drivers of eligible NACS vehicles, including Tesla vehicles, can enroll in Autocharge+ through the EVgo app and automatically start their charging session at EVgo’s NACS locations, with no adapter needed. Most EV drivers with CCS vehicles can also enroll in Autocharge+, which enabled over 5 million sessions on the EVgo network since its launch in 2022.
“Backed by rigorous testing at the EVgo Innovation Lab, we launched not only a market-leading product with our liquid-cooled NACS cables, but also a great customer experience by expanding Autocharge+ compatibility to serve both NACS and CCS drivers,” said Alex Keros, Senior VP of Product at EVgo.
For more information about the EVgo network, visit www.evgo.com.
1 NACS Connector Revolution (SAE J3400)
About EVgo
EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,100 fast charging stations across 47 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.
Forward Looking Statement
This press release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to: EVgo’s plans, projections, and expectations regarding the deployment of NACS charging connectors; EVgo’s product capabilities, features, availability, performance, and expected benefits, including for EVgo’s customers; the speed and scope of EVgo’s infrastructure deployment; and the expected increase in NACS-compatible vehicles and its impact on customer demand and throughput. Forward-looking statements are based on EVgo’s management’s current assumptions, expectations, and beliefs and are not guarantees of future performance. These statements are subject to a number of risks, uncertainties, and assumptions, including those described under the heading “Risk Factors” and elsewhere in our most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied by the forward-looking statements. You should not rely on forward-looking statements as predictors of future results. Any forward-looking statements in this release are based on the limited information currently available to EVgo as of the date hereof, which is subject to change, and EVgo does not undertake any obligation to update these statements, even if new information becomes available in the future.
Contacts??
For Investors:??
investors@evgo.com???
For Media:
press@evgo.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51d33d0c-25ff-4aa8-a9a9-07f14d7cfb62
FAQ**
How does EVgo Inc. EVGO plan to ensure a rapid and efficient rollout of the additional NACS connectors to meet the anticipated consumer demand in key markets?
What specific metrics or data will EVgo Inc. EVGO utilize to monitor customer behavior and decide where to further expand NACS connector installations?
Given the increasing competition in the EV charging market, what strategies will EVgo Inc. EVGO employ to maintain its leading position with NACS connectors through 2026 and beyond?
How does EVgo Inc. EVGO plan to address potential risks and uncertainties related to the deployment of NACS connectors, as mentioned in their forward-looking statements?
**MWN-AI FAQ is based on asking OpenAI questions about EVgo Inc. (NASDAQ: EVGO).
NASDAQ: EVGO
EVGO Trading
-4.18% G/L:
$2.0601 Last:
1,456,130 Volume:
$2.16 Open:
