This document discusses light duty fleet electrification and EVgo's role in supporting it. It provides a brief history of EVgo, noting that it was founded in 2010, now has over 800 fast charging locations nationwide, and has supported over 75 million electric vehicle miles, including one-third from fleets. It then explains how fast charging is critical to support light duty fleet electrification for companies relying on electric vehicles, as these vehicles require fast and reliable charging options. The document ends by outlining EVgo's continued growth opportunities and calls for further policies like the California Clean Miles Standard to encourage more fleet electrification.

1. Light Duty Fleet Electrification
Sara Rafalson | Senior Director, Market Development
June 19, 2020

2. America’s Largest Public Fast Charging Network
2
Develop | Finance | Own | Operate
Founded in 2010
Over 800 fast charging locations nationwide
We build, own, & operate the nation’s largest
network of public DC fast chargers
98% charger uptime rate
200,000+ customers
75 million+ electric vehicle miles annually, 1/3
from fleets

3. 3
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
2013
40 FastCharging
Stations in Texas, California and
Washington D.C.
2016
VisionRidge
acquires controlling
stake in EVgo
2016
800th
charger installed
2016
Expands
network to 62top-
selling markets
2016
Breaksground
on first 350 kW station in
the U.S.
2017
Initiates pilot program
supplying Maven
Rideshare vehicles with
Fast Charging Services
2018
Launches first-of-its-kind
Maven dedicated
infrastructure build-out
Quick History: DC Fast Charging First
Movers
2019
Partners with Lyft Express Drive in
Three Cities
Signs wide-reaching electrification
MOU with Uber
2020
Completed acquisition by
LS Power

4. EVgo COVID Care Plan Supports 950+ EV-Driving Essential Workers
4
EVgo COVID Care customer Michelle
Hammond is supporting essential workers in
her South Pasadena community with food
delivery, powered by EVgo fast charging.

5. Fast Charging is Critical to Support Light Duty Fleet Electrification
• Duty cycle is favorable to
electrification: 3-7x more miles per
car per year
• Most full time TNC EV drivers are
using flexible lease program,
limited/no opportunity to charging at
home
• If charging is not fast and reliably
available – potential lost revenue
5

6. Grid Benefits: DCFC Charging Avoids GWh of Solar Curtailment
Strong alignment: midday EVgo rideshare fast charging and CAISO solar curtailment:
• >45% of Rideshare charging during 9AM-3PM solar hours;
• >30% during nighttime hours 8PM-4AM
• Alignment without price signals

7. What’s Next?
• EVgo growth driven by demand in
urban markets
• California Clean Miles Standard
• Longer range, lower cost vehicles
available in secondary market
• Vehicle incentives may be necessary
7

8. Questions?
Sara.Rafalson@evgo.com