EVgo, a leading public fast-charging provider in the United States, has unveiled an ambitious plan to significantly expand its DC fast-charging network by 2029.
The company has finalized a $1.25 billion guaranteed loan from the U.S. Department of Energy’s Loan Programs Office under the Title 17 Clean Energy Financing Program. This funding will support the construction of approximately 7,500 new fast-charging stalls nationwide, boosting EVgo’s network to at least 10,000 owned and operated stalls by 2029 more than tripling its current presence.
EVgo projects that this massive buildout will generate over 1,000 U.S. jobs, including more than 700 contracted positions spanning construction, engineering, operations, and maintenance.
The five-year rollout begins in 2025 and is designed to enhance public confidence in EV infrastructure, aligning with the expected debut of over 30 affordable EV models by the end of 2025, in addition to the 70+ already on the market.
Beyond DOE financing, EVgo recently secured a $225 million five-year commercial loan facility—with an option to expand to $300 million targeting the deployment of more than 1,500 additional high-power DC fast-charging stalls for both public and fleet-focused charging.
Together, these investments DOE-backed and private sector underscore EVgo’s strategic push to scale its infrastructure rapidly and lead the charge toward a broader, more reliable U.S. EV charging network.
