Investor Presentaiton

EV Charging Growing Rapidly; DCFC Growing Faster Growth driven by Fast Charging need from Fleets, MHD & Retail Serviceable Addressable Market ("SAM") (TWh) 2019 27 CAGR 2027-40 CAGR 2019-40 CAGR 50% Retail 19% Retail 30% Retail 109% Fleet 25% Fleet 52% Fleet 143% MHD 20% MHD 57% MHD 79% Total (105x) 22% Total (14x) 41% Total (1,454x) (EVgo % market share) 162 20% 21% 21% 21% 21% 17% 14% 9% 10% 22 12 0.1 0.1 0.3 1 2 3 6 8 2019 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2030E 2040E Retail Fleet MHD EVgo Market Share 2019 TAM 2027 TAM 2040 TAM 34% 3,706 2,214 GWh 5% 16 34,347 GWh 5,605 93 2,428 42% 39,038 100,747 389,814 GWh (2) Retai Fleet MHD Fast Charging Source: Company estimates and BNEF. Note: 2019 through 2027 based on company estimates, 2030 and 2040 based on BNEF. (1) (2) Represents estimated EVgo market share of Retail and Fleet only; market share includes Tesla. Assumes market share held constant post 2027. BNEF Long Term Electric Vehicle Outlook 2020. 22,155 EVgo 14

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