EVgo Slashes Fast-Charge Pricing

MAR 2 2018 BY MARK KANE 25

The EVgo announced a big price drop, simplification of plans and extensions of charging sessions, thus making DC fast charging more affordable than ever.

EVgo fast charging station

There will be two options available: a new Pay As You Go rate and Membership. Both offer AC L2 charging for $1.50/hour, so the difference lies in DC fast charging.


“New Options Cut DC Fast Charging Costs Dramatically, Beating Gas Prices and Opening Up EV Ownership to Millions of Drivers”


The Pay As You Go doesn’t require anything in terms of session fees, monthly fees, etc. Depending on state, the prices are simply:

  • between $0.25 and $0.35 per minute
  • through June 2018, EVgo will offer a special promotional rate for chargers located in California of $0.20/minute
  • charging time has also been extended to 45 minutes

In case of Membership:

  • $9.99/month (acts as a pre-paid credit that is simply applied towards charging activity for that month)
  • between $0.18 and $0.21 per minute depending on charger location
  • through June 2018, EVgo will offer a special promotional rate for chargers located in California of $0.15/minute
  • charging time has also been extended to 45 minutes, and up to 60 minutes during off-peak hours (charges initiating between 8:00pm-5:59am)

These are far better terms than the previous one described here.

 

EVgo pricing Infographic

More details in the press release:

EVgo Announces Price Drops for EV Fast Charging Across the U.S.

New Options Cut DC Fast Charging Costs Dramatically, Beating Gas Prices and Opening Up EV Ownership to Millions of Drivers

Los Angeles – March 1, 2018 EVgo, the nation’s largest network of public electric vehicle (EV) DC Fast charging stations, today announced simplified and lowered pricing that goes into effect immediately. These prices lower the overall cost of EV ownership across the country and open the market to more drivers than ever before.

The new simplified 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, providing 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.

“The growth rate in the EV sector has been truly explosive over the last year, and EVgo is pleased to help accelerate EV adoption with a lower cost charging plan for our customers,” said Cathy Zoi, CEO of EVgo. “EVgo is already the market leader in fast charging, and demand for more public DC Fast charging solutions is only continuing to grow as battery capacities increase and EVs grow in popularity.”

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. EV owners are discovering the ease and convenience of fast charging while they shop for groceries, enjoy a coffee break, or get their daily steps in.

EVgo’s new lower pricing will vary by region. Membership pricing is between $0.15 and $0.21 per minute, depending on the state, which is about as cheap or cheaper than the average gas-powered vehicle on a per-mile basis. 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. Apartment dwellers and drivers of all types of EVs can take advantage of the nation-leading EVgo fast charging network of more than 1,000 fast chargers across 66 markets. 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.

With EVgo’s new Membership plan, EV drivers pay only $9.99/month to unlock the lowest per-minute rate. 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 (charges initiating between 8:00pm-5:59am) 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.

These new pricing plans provide savings and convenience to EV drivers across the country. For example, a Pay As You Go customer in Maryland who charges three times per month in 30-minute increments will save over 30 percent per month over the old “Flex” plan, and a Membership driver would save just over 50 percent. Thanks to the current California promotional rates, a customer in California who charges five times per month for 30 minutes on the Pay As You Go plan will save 45 percent over previous Flex pricing, while the new Membership rate will save almost 60 percent.

Furthermore, EVgo has also simplified the sign-up process so new customers can start charging within minutes. Registration for Pay As You Go or Membership is simple at EVgo.com or by using the EVgo app, available on iOS and Android. Customers can initiate a charge directly from the app with no RFID cards necessary.

With EV sales at an all-time high in 2017 and more advanced, new EV models on the horizon than ever before, EVgo is answering the call for affordable, convenient public fast charging throughout the US. EVgo’s new pricing options simplify and dramatically reduce the cost of delivering convenient fast charging to EV owners of all types, lowering the overall cost of EV ownership with prices equivalent to or lower than the cost of gasoline – a huge benefit for those who fast charge often while going about their daily tasks or travel long distances.

For information regarding EVgo’s new charging plans and specific regional pricing, visit EVgo.com.

Categories: Charging

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25 Comments on "EVgo Slashes Fast-Charge Pricing"

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windbourne

EVgo,
Please change your pricing to be slightly more expensive from say 0800-1800. By increasing it slightly, you can encourage ppl to fill up at nighttime, instead of in the daytime.

Bill Howland

From 8 am to 11 am they may help the ‘duck curve’ by using up otherwise unwanted solar power, at least during the summertime.

But point taken that time of day charging pricing would be good if it reflected the serving utility’s own pricing, which sooner or later will offer a discount for extra usage 8-11am or else a fine for solar generation during this time.

The end result will be better for the ‘grid’ to incentivize usage when it is easy to take it. Plus if you charge when it is easy for the Utility to supply, then that same car does *NOT* have to be supplied later when it is more difficult or expensive to do so.

Mark.ca

Definitely change late morning, your utility will thank you.

Chris

Either that or they may end up using batteries to store energy at night that will be used during the day. There are a few companies that are starting to recycle old EV Batteries to do just this. It eliminates the grid issues where they exist, but still allows for charging during the day.

Dan

This is a real improvement at least for DCFC. Level 2 is still almost $.50/kwh if your car charges at 3.3 kw. Cars that charge at 6+ kw its reasonable.

The fast charging with the “membership” fee amounting to prepaid nonrefundable credit is much better than before. Again your actual charging rate determines the price per kwh that you pay. Do the arithmatic.

Still to become anything like mainstream, away from home EV charging needs to be priced per kwh just like motor fuel which is priced per gallon (34 kwh thermal).

It needs to have a big sign, just like the gasoline station, and a guage that tells you how much you have purchased.

Of course there will have to be time limits and/or extra charges for staying connected when the charge rate falls off so as to limit congestion and wait times.

Likely also, time of use pricing that reflects the actual cost of the electricity and also has the effect of avoiding too much stress on the grid at peak times when/if EV charging becomes a significant fraction of electricity demand.

Stimpy

There’s also no reason it shouldn’t have a POS terminal that takes a credit card, just like any gas pump.

Having to maintain a charging car PER NETWORK is sheer insanity.

Stimpy

*card

Nix
Actually, there is a very good reason not to use a credit card. You might think that credit card transactions are free, but they very much are not. There are typically 2 types of fees that companies who take your credit card have to pay. 1) A percent of the total purchase price. 2) A per-transaction fee. This is a base amount that the banks take right off the top of the transaction, regardless of the amount of the charge. These can make it so that with small transactions, the banks capture the ENTIRE profit margin of the transaction, leaving the company with zero profits. Here is how that works. 1) Let’s say EVgo has a 10% profit margin, and that for every dollar you spend, they make .10 cents after accounting for their expenses. 2) Let’s say their transaction processor charges them 2% of the transaction, plus a .15 cent per transaction fee. 3) You go and decide to charge while you are shopping, and you are getting charged the great .15 cent/minute limited time deal in CA. You charge for 10 minutes and are on your way with a $1.50 credit card charge. At a 10% profit margin,… Read more »
Chris

Except EvGo has a substantially higher profit margin, on average a 45 minute session will cost them around $2.50 (assuming the normal commercial rate of $0.05-$0.10 per kwh), then they obviously have to pay a little for the space the chargers take up, so let’s just say an even $3.00 for the charge, even at $0.15 per minute, the lowest amount on the new plans, they will charge $6.75.

That is a pretty substantial profit margin.

Michael Will

Next they need to upgrade their 50kW chargers to 100kW for the new jaguar I-pace 🙂

Texas FFE

There is a new station going up in Baker, CA, in the middle of the desert between Los Angles and Las Vegas. The chargers look different than anything EVgo has installed before with very thick cables. These could be the start of new 150 kW chargers for EVgo.

menorman
Dan

Crop expensive, higher than gas equivalent.

Chris

Actually, it isn’t, a 30 minute session will run you about $4.50 and allow most EVs to drive around 85 to 90 miles.

Most has powered vehicles can get about 30 mpg (a bit less, but let’s make the math simple). So that means to go 90 miles, it would take 3 gallons of gas. With gas running around $3.25 a gallon in Southern California, that would mean you would be spending $9.75 to go that same distance. This also doesn’t count the cost of oil changes, more frequent brake jobs, etc. This is comparing fuel to fuel alone.

Now there are even cheaper options in many areas, but let’s not try to pretend that EvGo’s new pricing is the same as a gas powered vehicle, because it really isn’t.

Texas FFE

I just switched over my On-The-Go plan. My membership also comes with 55 minutes of free charging, I don’t see anything about the free minutes in the article.

If EVgo is lowering prices they must finally be making a profit. I’ve been paying for the higher priced On-The-Go plan with the hopes that my small contribution will help EVgo expand their network (in Texas and Colorado). If they are making a profit I hope they will be expanding their network soon and not just give their shareholders larger dividends.

A lot more people will probablty sign up with the new plan. The old plans (19.95/month and 20 cents/min) were TERRIBLE. Now there is actually incentive to sign up for the new subscription plan. No connection fees is a big improvement for the pay as you go plan.

ItsNotAboutTheMoney

It’s funny, I was going to reply to someone’s post a couple of days ago noting the high price, went to double-check and voila, new prices.

I suspect that EVgo had a bunch of people like you seeing their new prices and running a mile so have done a quick turnaround to get subscriptions and copied the state-by-state pricing system of Tesla.

The new prices provide an incentive to get things how they need to be for charging: subscription based to support the infrastructure and network demand charges, and than charges to pay for electricity. (Tesla effectively bakes the subscription into the price of the car.)

Longer-term I expect more nuance to pricing to encourage off-peak use.

TimE

It’s not so much the free minutes – its really the $9.99 credit. The article clearly states “$9.99/month (acts as a pre-paid credit that is simply applied towards charging activity for that month)” – so this translates to a little over 55 minutes for areas that are billed at 18 CPM, or a little over 47 minutes for areas that are billed at 21 CPM. That 9.99 membership would also cover any L2 costs ($1.50 an hour) incurred during the billing period.

I’d still greatly prefer that they billed by the KWh and charge a idle fee when charging slower than a 10 KW rate, or at least a speed specific rate like 10 CPM when under 25 KW, the 18-21 CPM for under 50 KW, and something higher for upcoming >50 KW stations.

Rightofthepeople

Agree with you and others that it would be great to see per kWh charging, however in many states EVgo (and Tesla and others) are legally banned from doing so. Those states have old, protectionist laws preventing anyone other than the regulated utilities charging for power by the unit. So in those states, EV charging networks must charge by the minute instead.

Chris

So do as Blink does and charge by the kwh in states where it is permissible to do so and by the minute in other states. Just don’t charge what Blink does per kwh. EvGo’s rates work out to right around $0.30/kwh, assuming you have a charge that is working properly and isn’t one of the older, slower chargers.

Chris

I agree, per minute isn’t really a fair way to do this, because what happens if their equipment isn’t pumping out at full speed? For example, some of the chargers I visit have a 40kw and a 50kw charger, guess what I am not going to use when getting charged by the minute?

Mike I.

It appears that these are not automatic price reductions, but rather new plans that you have to sign up for. Fortunately, they have recently improved their smartphone apps so that you can sign up and choose a plan in-app instead of having to sign up on the web site. You can also activate the chargers from the app in case you don’t have your EVgo card with you, or you just signed up. The web site was also improved last year to allow full account information including charging activity and billing information.

JoeS.

Thank you for the change, EVgo!

Troy

I’m very glad evgo is in my town, I didn’t want to get the Leaf until we had some in-town DC chargers.

They were too expensive (~$11/pop) to use except in “emergency”, but the $10/mo is cheap enough to charge once a week for ~20 minutes while I grab a bite to eat at ChickFilA

Chris

I was grandfathered into their old plan at $15.95 a month and $0.10 a minute, but still I don’t use them often enough to stay with that plan, the $9.99 plan makes sense for me and will save me about $100/year. But there will be some that were on the old plans that will want to stay on them and it may make sense for them to do so.