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EVgo gets $1.05B loan to build 7,500 DC fast chargers
The Department of Energy has conditionally approved a loan for EVgo to build 7,500 DC chargers.
EVgo said the charger build-out will be concentrated in Arizona, California, Florida, Georgia, Illinois, New York, New Jersey, Michigan, Pennsylvania, and Texas and should be completed by 2030. A consortium of eight automakers(BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis, and Toyota) called Ionna is building a network of 30,000 DC fast chargers, also by 2030. In 2014 he decided to indulge his lifelong passion for the car by leaving the National Human Genome Research Institute and launching Ars Technica's automotive coverage.
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