EVgoNASDAQ: EVGO

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced the appointment of Keith Hutchison as Chief People Officer (CPO). Hutchison brings over two decades of experience working in human resources (HR) within the energy and EV sectors, and as EVgo's first CPO, he will be responsible for the oversight of the Company's entire employee lifecycle, from attraction and recr.

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LOS ANGELES--(BUSINESS WIRE)--EVgo's commercial throughput more than tripled from Q123 to Q124. Rideshare throughput reached 24% of total throughput in the first quarter this year.

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EVgo, a leading EV charging company in the U.S., recently revealed plans to expand its Autocharge+ program to accommodate 50 EVs equipped with Plug & Charge technology, making it more convenient to charge electric vehicles in the country.

EVgo, a leading public fast charging network in the country, has revealed that more than 50 electric vehicle models are now compatible with its convenient Autocharge+ feature. This new feature simplifies the charging experience for EV drivers by removing the requirement to open an app, swipe a credit card, or use an EVgo program card.

U.S. equities have continued to trend downward as investors and market analysts reassess the prospects of a market crash. As of last Friday, the S&P 500 has increased by 9.11% on a year-to-date (YTD) basis, while the Nasdaq has risen 6.91%.

EV demand in the U.S. is being weighed down by high interest rates and consumers' increased preference for hybrid vehicles. Still, the number of EV sales continues to climb year-over-year and, according to Barron's, EVs' share of the overall U.S. auto market even increased slightly in Q1 to 7%.

The company's fourth-quarter sales of $50 million were better than estimates for $44 million.