U.S. DoE conditionally promises $1.05B loan for EVgo to expand EV charging infrastructure.

The U.S. Department of Energy has conditionally pledged a loan guarantee of up to $1.05 billion to EVgo to expand its electric vehicle charging infrastructure. This funding aims to establish around 7,500 fast charging stalls at nearly 1,100 locations, particularly in disadvantaged communities. The initiative supports the broader goal of enhancing EV accessibility and complements existing federal charging programs, with completion expected by 2030.

October 03, 2024
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