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Policy To Deliver A Sustainable Economic Recovery by Jonathan Levy

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Jonathan Levy, Senior Vice President of Business Development at EVgo gave this presentation at Forth's webinar on May 12, 2020

Policy To Deliver A Sustainable Economic Recovery by Jonathan Levy

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POLICIES TO DELIVERY A SUSTAINABLE ECONOMIC RECOVERY
JONATHAN LEVY, SVP, BUSINESS DEVELOPMENT
MAY 12, 2020
5/11/2020 1
EVgo Background
2
2010
Founded byNRG
Energy
2012
Firsturban fast charging network
in the U.S. created in Houston,
TX with
15 fast chargers
2012
EVgocommits
$130M to EV infrastructure
nationwide
2016
VisionRidge
acquires
controlling
stake in EVgo
2017
1,000th
DCFC installed
2016
Won ESNA award for
storage project innovation
utilizing BMW i3 second-
life batteries
2019
LS Power
acquires EVgo
2013
40 FastCharging
Stations inTexas, California and
Washington D.C.
2020
800th EVgo Fast Charging
Location Opens
800+ fast charging locations, 1,300+
fast chargers in 34 states
We build, own, & operate the nation’s
largest network of public DC fast
chargers
200,000+ customers
78 million electric vehicle
miles in 2019
COVID Has Hit Every Sector Hard—Especially Travel-Exposed
•As of March 2020, there have been 12,300 unemployment claims in the “Clean Vehicles” sector.
E2, Clean Jobs America 2020: Repowering America’s Economy in the Wake of COVID-19
•For EVSE Owners, shelter-in-place = fewer
people driving = fewer people charging =
less revenue
5/11/2020 3
Market Transformation to Clean Energy
5/11/2020 4
Addressing Climate Change 
Acceleration is Essential
Policy-induced acceleration
yields tremendous results:
Experience curve cost declines
in solar, wind, batteries and
lighting in last 10 years
Policy Tools Applied to Energy During ARRA (and beyond)
5/11/2020 5
TAX INCENTIVES AND PENALTIES
COMPETITIVE COMMERCIALIZATION
GRANTS AND LOANS
TARGETS, STANDARDS, AND CODES
INFORMATION AND MARKETING
Clean Recovery  Build Back Better
5/11/2020 6
1) Ubiquitous EV Charging Infrastructure
 By 2025 need
45,000 DC fast chargers
and >500,000 L2s*
2) New Housing Supply Built Sustainably
Freddie Mac: US housing market
undersupplied by 3.3 million units
3) Public/Private Partnerships
 Government money offers leverage
for private capital
 State governments effective
partners with private sector
Ad

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Policy To Deliver A Sustainable Economic Recovery by Jonathan Levy

  • 1. POLICIES TO DELIVERY A SUSTAINABLE ECONOMIC RECOVERY JONATHAN LEVY, SVP, BUSINESS DEVELOPMENT MAY 12, 2020 5/11/2020 1
  • 2. EVgo Background 2 2010 Founded byNRG Energy 2012 Firsturban fast charging network in the U.S. created in Houston, TX with 15 fast chargers 2012 EVgocommits $130M to EV infrastructure nationwide 2016 VisionRidge acquires controlling stake in EVgo 2017 1,000th DCFC installed 2016 Won ESNA award for storage project innovation utilizing BMW i3 second- life batteries 2019 LS Power acquires EVgo 2013 40 FastCharging Stations inTexas, California and Washington D.C. 2020 800th EVgo Fast Charging Location Opens 800+ fast charging locations, 1,300+ fast chargers in 34 states We build, own, & operate the nation’s largest network of public DC fast chargers 200,000+ customers 78 million electric vehicle miles in 2019
  • 3. COVID Has Hit Every Sector Hard—Especially Travel-Exposed •As of March 2020, there have been 12,300 unemployment claims in the “Clean Vehicles” sector. E2, Clean Jobs America 2020: Repowering America’s Economy in the Wake of COVID-19 •For EVSE Owners, shelter-in-place = fewer people driving = fewer people charging = less revenue 5/11/2020 3
  • 4. Market Transformation to Clean Energy 5/11/2020 4 Addressing Climate Change  Acceleration is Essential Policy-induced acceleration yields tremendous results: Experience curve cost declines in solar, wind, batteries and lighting in last 10 years
  • 5. Policy Tools Applied to Energy During ARRA (and beyond) 5/11/2020 5 TAX INCENTIVES AND PENALTIES COMPETITIVE COMMERCIALIZATION GRANTS AND LOANS TARGETS, STANDARDS, AND CODES INFORMATION AND MARKETING
  • 6. Clean Recovery  Build Back Better 5/11/2020 6 1) Ubiquitous EV Charging Infrastructure  By 2025 need 45,000 DC fast chargers and >500,000 L2s* 2) New Housing Supply Built Sustainably Freddie Mac: US housing market undersupplied by 3.3 million units 3) Public/Private Partnerships  Government money offers leverage for private capital  State governments effective partners with private sector
  • 7. EVs and EV Charging Infrastructure Create Jobs 5/11/2020 7
  • 8. Specific Policy Proposals Tax Credits: 30C Extension and Refundability 30D Fix Grant Opportunities: Clean Corridors and Metro Charging Programs CMAQ, DERA, SEP Clean Cities HVIP and other MHD programs Other Consumer-Facing Programs: Cash 4 Clunkers Non-Financial Levers: HOV, Parking, other incentives Regulatory Opportunities Marketing / Public Awareness / Ride and Drives 5/11/2020 8