EVgo surpasses five million Autocharge+ sessions, enabling seamless EV charging for over 300,000 customers across the U.S.
Quiver AI Summary
EVgo Inc., a leading provider of public fast charging infrastructure for electric vehicles, announced that it has surpassed five million Autocharge+ sessions, reflecting significant growth with over 300,000 customers enrolled since 2023. Autocharge+ allows drivers of nearly 80 different EV models to initiate charging simply by plugging in their vehicle after a one-time enrollment, facilitating a seamless charging experience that does not require app usage or card swipes. The feature is particularly popular among Cadillac, Chevrolet, Ford, and Rivian drivers, and now accounts for nearly 30% of all charging sessions on the network. With ongoing collaboration with automaker partners and a focus on customer experience, EVgo continues to enhance its charging solutions, offering a variety of subscription plans to cater to individual driver needs. For further details on eligible models and to learn more about Autocharge+, customers can visit EVgo's official website.
Potential Positives
- EVgo has surpassed five million Autocharge+ sessions, demonstrating strong customer adoption and usage of its innovative charging technology.
- The company has experienced a sixfold increase in enrollment for Autocharge+ since 2023, indicating significant growth and interest in its services.
- Nearly 30% of EVgo charging sessions are now initiated using Autocharge+, contributing to a higher charge success rate across the network.
- EVgo's Autocharge+ feature enhances the customer experience by allowing seamless charging without requiring manual app interaction or payment processes.
Potential Negatives
- There are no specific details about the company's financial performance or growth metrics related to revenue, which could indicate a lack of transparency regarding the economic impact of the Autocharge+ program.
FAQ
What is Autocharge+ by EVgo?
Autocharge+ is an EVgo feature that allows drivers to initiate charging simply by plugging in their compatible electric vehicles at charging stations.
How many Autocharge+ sessions has EVgo completed?
EVgo has surpassed five million Autocharge+ sessions, demonstrating the popularity and effectiveness of the service among EV drivers.
Which vehicles are compatible with Autocharge+?
Nearly 80 different EV models are eligible for Autocharge+, with high enrollments from Cadillac, Chevrolet, Ford, and Rivian.
What charging plans does EVgo offer?
EVgo offers multiple charging plans including EVgo PlusMax, EVgo Plus, and Pay As You Go, catering to various driver needs.
How can I enroll in Autocharge+?
Enrollment in Autocharge+ is simple via the EVgo app, which is available for download on both iOS and Android devices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EVGO Revenue
$EVGO had revenues of $92.3M in Q3 2025. This is an increase of 36.67% from the same period in the prior year.
You can track EVGO financials on Quiver Quantitative's EVGO stock page.
$EVGO Hedge Fund Activity
We have seen 94 institutional investors add shares of $EVGO stock to their portfolio, and 114 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- M&G PLC removed 3,301,866 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $12,051,810
- MILLENNIUM MANAGEMENT LLC added 1,734,958 shares (+45.3%) to their portfolio in Q3 2025, for an estimated $8,206,351
- TUDOR INVESTMENT CORP ET AL added 1,726,307 shares (+inf%) to their portfolio in Q3 2025, for an estimated $8,165,432
- TWO SIGMA ADVISERS, LP removed 1,489,100 shares (-71.7%) from their portfolio in Q3 2025, for an estimated $7,043,443
- NUVEEN, LLC removed 1,134,245 shares (-79.9%) from their portfolio in Q3 2025, for an estimated $5,364,978
- D. E. SHAW & CO., INC. removed 1,117,091 shares (-76.3%) from their portfolio in Q3 2025, for an estimated $5,283,840
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 1,013,733 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,700,125
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$EVGO Analyst Ratings
Wall Street analysts have issued reports on $EVGO in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Stifel issued a "Buy" rating on 11/25/2025
- UBS issued a "Buy" rating on 11/11/2025
To track analyst ratings and price targets for $EVGO, check out Quiver Quantitative's $EVGO forecast page.
$EVGO Price Targets
Multiple analysts have issued price targets for $EVGO recently. We have seen 3 analysts offer price targets for $EVGO in the last 6 months, with a median target of $5.9.
Here are some recent targets:
- Stephen Gengaro from Stifel set a target price of $7.5 on 11/25/2025
- Jon Windham from UBS set a target price of $5.9 on 11/11/2025
- Andrew Percoco from Morgan Stanley set a target price of $4.5 on 08/06/2025
Full Release
LOS ANGELES, Dec. 03, 2025 (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), has surpassed five million Autocharge+ sessions. EVgo has had sixfold growth in enrollment since 2023, with over 300,000 customers enrolled to date.
Today, nearly 80 different EV models are eligible for Autocharge+, and that number is expected to grow as more vehicles enter the market. The highest enrollments come from drivers of Cadillac, Chevrolet, Ford, and Rivian models.
Autocharge+ allows drivers with compatible EVs to start a charging session at any EVgo fast charging location just by plugging in their vehicle. After a one-time vehicle enrollment, Autocharge+ enables a seamless charging experience for EV drivers across the U.S. The technology supports most CCS vehicles as well as new native NACS vehicles. Tesla drivers can take advantage of Autocharge+ with either a Tesla CCS1 adapter or by using one of EVgo’s native NACS connectors.
“At EVgo, we’re committed to making fast charging seamless and convenient,” said Badar Khan, CEO of EVgo. “With over five million Autocharge+ sessions, it’s clear that our customers value technology that brings ease and efficiency to the charging experience.”
Nearly 30% of EVgo charging sessions are now initiated using Autocharge+. This feature and its seamless charging experience are helping contribute to a higher charge success rate on the network. 1
“EVgo collaborates with our automaker partners and performs extensive testing at our Innovation Lab to develop and expand technology solutions like Autocharge+. We are focused on the best possible customer experience and will continue to expand and deploy features like Autocharge+ and Plug and Charge across our network,” said Alex Keros, Senior Vice President at EVgo.
Autocharge+ enrollment is simple in the EVgo app, which is available to download for both iOS and Android and has a 4.5-star rating on the Apple App store. Once enrolled, drivers simply pull up to an EVgo stall and plug in their vehicle. Autocharge+ combines payment and session initiation without the need to open an app, swipe a credit card, or tap an EVgo program (RFID) card.
EVgo offers a range of different charging plans to fit all drivers. With multiple subscription plans including EVgo PlusMax, EVgo Plus and Pay As You Go, drivers choose the plan that fits their own charging needs whether it is daily, weekly or occasionally. EVgo offers pricing depending on the plan selected by the driver.
To see a full list of eligible models and for more information about Autocharge+, visit www.evgo.com/autocharge .
For more information about the EVgo charging network, visit www.evgo.com .
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1
Charge success rate measures a driver’s ability to successfully initiate a charging session on the first attempt and includes EVgo eXtend sites.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/edaa4017-29e3-46a3-9022-7b385403508b