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That's a good move, the charging infrastructure in the US is crap and you want a good experience for new EV buyers.

EVgo Extends Rally to 56% After $1.1 Billion Loan Commitment From DOE

Shares of EVgo Inc. jumped as much as 56.83% in morning trading after the electric vehicle charging company received a loan guarantee of up to $1.05 billion from the US Department of Energy.The financing would allow the Los Angeles-based company to build out about 7,500 additional fast charging stalls across the US in states including Arizona, California, Florida, Georgia and Illinois, EVgo said in a statement Thursday.The funding comes amid a broader Biden administration goal of building a 500,

EVgo Extends Rally to 56% After $1.1 Billion Loan Commitment From DOE

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Getting low-cost financing for the build-out of charging infrastructure across the country is considered key to helping increase the adoption of EVs.</p><p>Incentives will also lower installation costs for operators as charging plugs are much more expensive in the US than in other regions, according to BloombergNEF.</p><p style=\"text-align: start;\">EVgo operates nearly 1,000 fast-charging stations across the US, and it recently partnered with General Motors Co. to install an additional 400 stalls.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EVgo Extends Rally to 56% After $1.1 Billion Loan Commitment From DOE</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Getting low-cost financing for the build-out of charging infrastructure across the country is considered key to helping increase the adoption of EVs.Incentives will also lower installation costs for operators as charging plugs are much more expensive in the US than in other regions, according to BloombergNEF.EVgo operates nearly 1,000 fast-charging stations across the US, and it recently partnered with General Motors Co. to install an additional 400 stalls.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":94,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}