EVgo Introduces New Pricing Plan For EV Charging Stations

Bernard Mendez
Bernard Mendez is an editorial intern at dot.LA. He attends UCLA, where he is pursuing a bachelor’s degree in applied mathematics. Mendez was previously an editor at the Daily Bruin, the student newspaper at UCLA.
EVgo Introduces New Pricing Plan For EV Charging Stations

One of the nation's largest charging network operators is rolling out a rewards program for customers and a new pricing plan that will make it more expensive for Californians in certain areas who plug in their cars during peak hours.

El Segundo-based EVgo announced the new congestion pricing plan this week after the state banned minute-by-minute pricing. The company said the new rates will reflect the costs of local utilities and network congestion, which can be higher in certain areas. Los Angeles and San Francisco users will also face additional pricing changes based on where they are charging.


EVgo's fast chargers in California will switch to the new pricing plan next month. It will be based on the time of day, which the company breaks down into early morning (12 a.m. - 8 a.m.), on-peak (4 p.m. - 9 p.m.) and off-peak, and how many kilowatts are used. Previously, the company used a per-minute rate.

The comspany said California will be a testing ground for other markets. It will also consider the impacts to communities hardest hit by pollution, traffic congestion among other factors.

EVgo also announced plans to add another tier to its subscription plan making it cheaper for regular customers. The rewards program will let drivers earn points that can go toward free charging sessions each time they charge.

EVgo went public in July after receiving a $2.6 billion valuation. The company has around 160 charging stations in Los Angeles and over 800 charging stations across the U.S.

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Office Hours: Apex Founder Ian Cinnamon on Why LA Is the Aerospace Capital of the World

Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

​Ian Cinnamon
Ian Cinnamon

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This Week in ‘Raises’: Measurabl Snags $93M, Selva Ventures Grabs $34M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Raises
Image by Joshua Letona

A local data management platform company lands fresh funding to help commercial real estate owners reduce carbon footprint, while one Los Angeles-based venture firm closes its second fund to accelerate the growth of emerging companies across health, wellness, beauty and personal care.

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Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

McKinsey & Company Launches InLA Accelerator To Help Underrepresented Founders Tackle Startup Challenges
InLA

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