EVgo Inc. announced that its Autocharge+ plug‑and‑charge service has surpassed five million charging sessions nationwide, a milestone that underscores the growing adoption of the company’s seamless charging experience. The service now serves more than 80 electric‑vehicle models, including most CCS vehicles and the new native NACS vehicles, and is already in use by Tesla drivers through a CCS1 adapter or native NACS connectors.
Since 2023, Autocharge+ enrollment has increased sixfold, bringing the total to just over 300,000 customers. The six‑fold jump reflects a rapid acceleration in user adoption, with the 30% share of all EVgo sessions driven by the convenience of starting a charge simply by plugging in—eliminating the need for an app or card swipe. The higher charge‑success rate reported for Autocharge+ sessions further demonstrates the reliability of the plug‑and‑charge experience, contributing to a smoother network operation and higher utilization rates.
EVgo’s Q3 2025 financials show revenue of $92.3 million, slightly above the $91.12 million consensus estimate, while the company remains unprofitable with an adjusted EBITDA of $(5.0) million—an improvement from prior periods. The Autocharge+ milestone is a key driver of the company’s utilization gains, which in turn support the path toward adjusted EBITDA break‑even projected for Q4 2025. By reducing friction for drivers, Autocharge+ is expected to increase session volume and average revenue per session, helping to offset the company’s ongoing investment in network expansion and NACS integration.
In the broader plug‑and‑charge landscape, EVgo’s Autocharge+ differentiates itself through early adoption of the North American Charging Standard (NACS) and a broad compatibility roster that includes Tesla vehicles. Competitors such as ChargePoint and Electrify America are also expanding plug‑and‑charge capabilities, but EVgo’s early mover advantage and partnership with automakers give it a competitive edge in capturing high‑volume, high‑frequency charging customers.
CEO Badar Khan said, “With over five million Autocharge+ sessions, it’s clear that our customers value technology that brings ease and efficiency to the charging experience.” Senior Vice President Alex Keros added, “Our collaboration with automaker partners and extensive testing have been critical to expanding Autocharge+ across a wide range of vehicles.”
Analysts have maintained a positive outlook on EVgo, citing the company’s improved utilization, growing Autocharge+ adoption, and the projected shift toward adjusted EBITDA profitability. While the company remains unprofitable, the trajectory of revenue growth and network expansion supports a bullish view of its long‑term prospects.
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