EVgo reduces price for its EV DC fast charging stations

EVgo, a provider of public electric vehicle (EV) DC fast charging stations, announced new pricing for its charging solutions.

The new pricing includes two options: a new Pay As You Go rate with a low per-minute rate and no additional session fees, as well as a $9.99/month Membership option, claimed to be EVgo’s lowest per-minute rate.

Moreover, charging session time limits have been extended to allow new longer-range EVs to go the extra distance with just one fast charge session.

In 2017, EV sales in the U.S. were up 26 percent, and in that same time period, EVgo’s energy delivered across its network increased by more than 80 percent, EVgo said.

EVgo’s new lower pricing will vary by region. Membership pricing is between $0.15 and $0.21 per minute, depending on the state. This is not only good news for existing fast charging customers, but a major development for potential EV drivers without access to charging at home or work.

By reducing charging costs, EVgo has helped to further reduce the total cost of ownership for electric vehicles, another important selling point for first-time EV buyers, the company said.

With EVgo’s new Membership plan, EV drivers pay only $9.99/month. Unlike previous monthly fees, this $9.99 acts as a pre-paid credit that is simply applied towards charging activity for that month.

Members pay between $0.18 and $0.21 per minute depending on charger location, and through June 2018, EVgo will offer a special promotional rate for chargers located in California of $0.15/minute for members.

Additionally, members can charge for up to 60 minutes during off-peak hours and 45 minutes during the daytime—a heavily requested feature from drivers of longer-range EVs like the Chevrolet Bolt. EVgo Membership customers are not subject to any setup fees, flat session fees, or termination fees. There are no contracts, and EVgo Members can cancel at any time. For drivers who fast charge more than once a month, the plan pays for itself.

With the Pay As You Go rate there is no monthly commitment, and no session fee (which was a component of EVgo’s former “Flex” plan)—customers only pay a simple per-minute rate of between $0.25 and $0.35 per minute depending on state, and through June 2018, EVgo will offer a special promotional rate for chargers located in California of $0.20/minute for Pay As You Go customers.

Charging time has also been extended to 45 minutes at all times for Pay As You Go customers as well.

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