a continuing adjusted continued network, of We accomplishment in the today. offerings. partnerships to joining range. were to our our our our industry-leading year XXXX, like for ultra-fast at you reflecting team achieved look public entire EVgo for. our something EVgo thank and company, as charging is in deliver high full And thank record first end XXXX. everyone. In This and of technology forward blue-ribbon revenue the grow DC revenue growth the I’d and EBITDA guidance to Hello,
a innovation. year as I’ll On three, one, EVgo’s execution; on foundational investment two element with and to the a the today’s growth; growth, long-term EVgo focus themes we call, Starting that opportunity: from building see to few blocks story. the
we vehicles. we even turning seeing a whether trends, view transportation sector. electrification a in you America’s back, government attitude Superbowl initiatives, in When look country’s TV, on or look, may XXXX ads electric we’re our pivotal as fundamental of toward point OEM it’s Everywhere the sales investments, shift
listened you’ve is about how U.S. transportation of before, calls We the confirms rapidly that one of data accelerating. the know market our point If after to you passionate the point am see data in I electrification
in of according with this U.S., for nearly of increase XXXX, X% In from in sales X% fully electric over And XXXX. falling sold, than more to growth up were there overall the U.S. Battery vehicles an X% Automotive. vehicle all occurred in XX% electric an from Cox XXXX auto XXXX. sold XXX,XXX declining despite overall market, sales by accounted vehicles
number and the as is options, rates. battery million too. by set the including the a introduce end of and only affordable to vehicle more well growth EV as year-over-year with models XX% ranges accelerate of and forecasts figure This grow XXXX, dozens electric new most sales to automakers continue sales sold of are the eclipse X to in fourth faster should beginning as in by easily increased milestone. U.S. BEV expect XXXX And longer to quarter, charging exciting models
out Xx their through spend EV the calculated had road. and XXXX hit $X.X of be is growth and we and what batteries the in more just to This a EVgo materials as believe of top cars are trillion capture automakers Reuters last more approximately This to our type a throughput Reuters will EVs, raw year quarter and positioned investment, is estimate astonishing produce once used estimate world’s in Our develop previously outsized noted to an lifetime that on planning earlier. millions production. network
continuing top to state for the California’s Notably, lead our EVs The the of own charging with across California, in XX% way. leading to announced our growth entire sold rapidly our were compared reflected all in hour country. is to market new cars kilowatt position here. continues network X% that California rise throughput the
strong other also including many in New and We’re growth seeing Washington, York. markets, Florida, Texas,
EVs also drawing tech fold into of environmentally is ideal savvy, are aspect this growth are Another the EVgo both younger who consumers all customers. how and exciting conscious
An IHS over the of same all period. the nine XX, EV XX% vehicles substantial XXXX, first of market from XX% group new survey this increase under indicated were age for from purchased of months buyers buyers the all that a through
help for and Given brands their it’s these out loyal automaker models, come. so them fast reliable trends, building will it’s investing for most no virtually wonder decades we’ve EV network. consumers in which that is best also the And why charging attract new in invested every heavily to
We our deliver that financial value approach accelerate to both will will we charging believe returns. substantial invest best sustainability, continue we beyond. U.S. in and and EV U.S. as operate deliver expect in targeted solutions to this and and We and believe growth the to And fueled adoption our for our environmental investors, network across focus XXXX growth the this continues ensure to by the only be build technology-enabled innovation financial in
at to or growth XX%. consistent were over under themes EVgo in X,XXX The and of year, our results XXXX. of across growing in execution the increased the end construction stalls operation
new at representing year XXX in of year-over-year from million increase of a We we nearly energized delivered year XXX%. our growth end the $XX on XXX% nearly XXXX. full guidance, revenue for stalls high our revenue the For XXXX, network, the
Full increase XX% of gigawatt an XXXX. was throughput XX.X year network from hours,
Vegas, and as West Palm California Las We’re in Austin, well beyond seeing markets rapid growth utilization Beach. XX% topping with such
GM we partners EVgo EVgo new partnerships fleet workplace and together develop In innovative to charging this retailers, fleet enabled automakers, of to work with tech sector. in XXXX, services. expand urban most General we charging, evolving corridors, working Motors meet in to continued and charging, and remains highway suite solutions, products with young public where on solutions and operators business one of important now our on needs
Building charging has now EVgo network the has made agreeing with on urban X,XXX Pilot this charging at program on states. tremendous U.S. in with up launching ultrafast X,XXX relationship progress on a sales DC build to our by charging That XX XXX few EVgo to metropolitan deepen charging across stalls years. deploy XXX the XX J set GM EVgo’s fast across locations next to GM owned collaboration EVgo success, Flying around partnership high-powered kilowatt Pilot markets company, to stations deployed continued the and over
priorities share the Vehicle NEVI the program, part the this of incredible out with U.S. NEVI is project, more see to which National government’s or deploying system eXtend sites. potential build future interstate we the network, XX% With well business. within billion interstate of later. XX Initiative, on continental Electric J, a corridor I’ll also $X These stations for of EVgo federal starting Flying charging aligned miles with nationwide Pilot of a are
and for are was credit we banner strategy partnerships new Inside more. a and EVgo programs a as for OEM year leading EVgo key XXXX multiple integration, of agreements Blue-chip retail charging our automakers secured pillar growth with
network. addition Nissan, charging to EVgo entered agreement Solterra the the with with a credit our a provide partnerships on to receive of the GM In EVgo EV fast and public drivers with into XXXX to SUV commercial foundational charging option Subaru $XXX
SUV a with also option to with GM, EVgo drivers Toyota charging of on provide announced XXXX new commercial LYRIQ, on year to our X battery one complementary commercial of offer the the drivers EVgo Cadillac the network. EVgo’s our nationwide bZXX charging fast agreement of unlimited electric years commenced public Continuing of the of with Toyota agreement partnership network.
grow our for in-app a of the XXXX drivers. collaborations launch drivers EV achieving and and and which to BXC for on the increased convenient, in infrastructure expansion new fast to shared new with access also This rideshare our increases program announced helping applies partnership, mass network. EVgo’s technical on demonstrates we adoption charging to December, continued Lyft Uber EVgo charging rideshare throughput to platform. drive of This marketing collaboration Lyft commitment discount In
quarter, side, fleet signed delivery an large a through which fleets in for We they the national new a signed continues MHX Class agreement will fourth Solutions, with to their the large Optima get food company operators first and charging representing agreement undertake in X for to EVgo the we product private EVgo our to behind-the-fence truck work EV a space. first and with fleet. manage fleet. On as with Company’s the stalls beverage deployment XXXX, and know EVgo Earlier install
at of strategy, sustained signing autonomous charging expand a partner. an new access to EVgo core vehicle fleet our hubs of continued dedicated away partners fleets The with part from the has depots. with AV was agreement their fleet business our XXXX January from business and to existing a needing own other our with existing significant interest EVgo
investment vehicles are as business to more fleet them. are have operators early excited While still the days, alongside EVgo’s we fleet it’s grow to EV become making available
have charging other We’ve plans available supply This mission-driven to have on who Similarly, growth equipment EVgo’s want retain we attract a suppliers and team to at EVgo. is disruptions delivering to with plans companies their company. our partners’ been and growth work seen with as the testament us have in for chains. our a employees even growth relationships enabled
EVgo EVgo’s to our of and of the starts related driver a with continuous network. creation is first-class slate commitment partnerships of reliability blue-ribbon That to closely improvement experience.
continually As meet ultrafast can a the we our and assess determine and years. exceed public since today network for investments expectations customers’ and coming in leader XXXX, our charging charging in where help
launched in legacy we largely chargers. reliability not is effort. comprehensive XXX The focused ReNew, on a Last one-and-done retired XXX program, XX-kilowatt approximately our XXXX. we formally our Under and and EVgo stalls ReNew stalls EVgo which maintenance upgraded year, over at we
power to We the EV at based upgrading growth available driver for geography. that performance, on for and site, demand evaluate continue projections sites charger
already as from is agreements Innovation to can EVgo Turning technology everything you baked into the innovation. the undergirding tell does, I’ve mentioned.
an This pay help example, announced PlugShare experience stations allow to leverage sessions experience. which Alexa Alexa network at this EVgo EV agreement navigate with and charging and Amazon’s the recently U.S. and to will them for charging collaboration, an stations. both find ask first nearby will EVgo to and Amazon charging charging was to drivers we partner seamlessly As initiate for enabled EV Inside. EVgo support another in charging
we Amazon an of how the customers EVgo with branded with switch commercially parties EVgo charging approach needing apps. ability partnership to offer third Our between provides Inside is to API without to technology the example leverage experience into This apps. integrate
and EVgo we the APIs Toyota, In with leveraged Inside addition others. to have Amazon, among Lyft Uber,
EVgo more the XX on experience Autocharge+ with is launched seamless network adapter. EV this number Teslas a the includes plug, EVgo Another charge models, initially available for that with innovation, sessions and more using more Autocharge+ a year and network on with than month. GM the drivers initiated go offers every being and now CCS for Autocharge+ EV
analytics XXXX, for base To emerging year, monetize its in which X advertising own more is companies as the Pay we EV a the basis also PlugShare, Further, with that worldwide, we understand to the a of and EV to who to With important can and in want market. registered serve leverage with variety EV PlugShare PlugShare we purchased PlugShare. innovative now as our Last operations. the launched to a EVgo users is behavior to for technology platform’s great indirect and have PlugShare charging driver user the continue ecosystem drivers. adapt players resource are we unique Yelp The enhanced direct the app Premium. platform million better well PlugShare and provide in on EV fee-for-service and reach, than PlugShare broad on
manufacturers to Innovation a equipment go-to automakers those charge and for new EVgo EVs. Our EVs is developing Lab new developing
earlier automakers fact, a up addition test in distributed locations the much Elton-Window, California, testing principal testing software approach EVgo have in to in at vehicles In even before sometimes to EVgo commercialization we set access remotely enables three released. OEM manages also Lab This to retains testing design process. been OEMs and and development in the has support of the prototype officially cycle, facilities.
mobile drivers, our users into future, EVgo diagnostics a We more with more the doubled sophisticated EV charging the serve help charging to session monthly relentless app customer enhanced better and enable ascertaining XXXX. And app-initiated average focus on the we traction with the customers than in experience, to us and app sessions.
policy. on now And
whole not to important We and a but highlights sector. tailwind or Infrastructure Policy provide also A National just for NEVI, on Electric an provide forward. update quick want other and continues couple to government XXXX EVgo, Program, the the for initiatives. looking Vehicle of
to year yielding electricity outcomes owned proceedings Colorado prior terms of Similarly, states incentives and Last York legislative that operated a to in utility savings Georgia, New and proceedings multimillion Illinois, EVgo’s business, year interventions as yield with expected in to and in and active the benefits California, are EVgo’s such dollar state Massachusetts, in in led electricity savings. was both business. very a regulatory for material
that key contractors companies work Charging to world utilities National include are time Core XX- and and PSE&G, first CBL transport WB authorities frame Heroes. in announced for electrification. to be the Shop Heroes Charging charger playing OWL Engineering. site all January the on In Grid like partners. are industry, and roles whole permitting These and to EVgo all accelerate As hosts in they deployment we In local continue like and Watts the XX-month to important XXXX, Connect the utilities
the not peers across respect utility time I frames some unfortunately board, that from get procurement where delays processes. shorter, seeing our we from Time note upgrades. will EVgo lines rather to would with priorities though. competing than collaboratively in reducing we transformer their as arising and With and utility utilities are continue are accelerating well be processes, system on can to and of bottlenecks management grid helpful work as in longer utility
contained Law the EV adoption of are The dollars Bipartisan and EV deployment Infrastructure Reduction charging and and expansion poised billions to implementation Acts underway, overall. of With funding incentive Inflation of transferability accelerate tax an credit. provision, to XXC, liability the without value should make the monetize new credit. a tax property of refueling of like easier alternative EVgo it that With companies for federal IRA extension the
as respectively. for use tax commercial The consumer well IRA tax first-time also EV XXW, revised under and as the and credits sales under credit EV XXD XXE
$X impact Federal other build out in final projects. in caution, however, finally across there quickly funds Bipartisan that actually influence early charging corridors NEVI issued infrastructure for charging XXXX will billion technical are every to state standards On federal outcomes details how Infrastructure a and priority the critical Law, some Highway the I pursuing the incentives. funds flowing Administration would through that company those formula minimum than DOT
and has restrictions particular related geographic to other requirements of For availability credit XXC, the programs tax labor tracts apprenticeship to tied or certain census factors. the
originally funding, of an point, actually funding programs for And requirements plan the and promulgated. having tax that being XXD, have technical delay and domestic with each time the wide For processes, final many are there and standards there approved discussion the lines behind credit are awards are states most on XX different limited state critical program for materials content schedule full for specifics. the EVs. this given already anticipated applicability in At plus the NEVI
to the avoid EVgo on continues begun flow from time to and charging charging, to project not directly states delays the partners. with DOTs engage to reduce state the friction deploy note but that have further to still funds
significant works NEVI funded onshore waiver Buy America And to especially as chargers. challenges industry projects fast the EV XXX-kilowatt near-term production EV for the will chain chargers, of whole finalized charging federal supply recently the likely present
scale. suppliers been able with facilities While Buy is goals the onshoring a take the be manufacturing EVgo comprised for at to numerous time their that wholeheartedly America supports has on of produce meaningful many assembly working and to domestic and of chain months, supply will strategies reality our
may chain America recipients funds anticipate delays that of most the The XXXX levy we installation Buy the sector, see supply potential is rules the to to Across applicants ramps. under current from for as equipment of supply contracting retracted to due upshot trend delays criteria rigorous requirements, projects certainty, infrastructure vast. notwithstanding new that right. XXXX. the near-term state-of-the-art the opportunity But up shift EVgo The remains line is charging build financial our to meets into ahead government from potential arising the
and will we accelerating expect financial needs on As development the continue XXXX, sector. results describe, Olga growth the deliver that to in site our electrification capitalize of to revenue transportation
talk and about to results over XXXX. CFO the our EVgo’s XXXX guidance With turn that, call to for I’ll our
