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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