Investor Presentaiton
Fast Charging is Essential for Fleet Drivers
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Fast Charging is Essential for Rideshare Business Model
Rideshare drivers typically travel > 200 miles / day(1)
85% of rideshare drivers have NO access to home
charging(1)
Annual VMT ranges from ~25,000 to 60,000+
Rideshare drivers are evangelists for EVs
One Rideshare Driver
40,000 Miles / year average VMT
Crossover & Sedans
Average EV Efficiency
DC Fast Charging
75% of total rideshare usage is DCFC
H
Lyft Case Study
EVgo + lyft
EVgo supported the roll out of Lyft EV fleet vehicles in
Atlanta, Denver and Seattle; pilot programs began in 2019
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Lyft's commitment to sustainability and clean
transportation driving investment in electrification
Over 100 Lyft fleet vehicles have doubled utilization at
EVgo's Denver charger locations
Denver Monthly Figures
Pre-Lyft(2)
Post-Lyft(3)
Current(4)
3.5 miles/kWh
Utilization
5.87%
11.28%
12.91%
kWh
Each Driver Adds 2-3% Utilization to an EVgo
Charger
25,453
61,449
87,182
EVgo
Minutes
Up to 8,500 kWh Annually
60,898
127,189
161,305
Sessions
2,215
3,540
4,122
(1)
Proprietary EVgo Data.
(2)
November 2019.
(3)
February 2020.
(4)
October 2020; Company expects further utilization expansion after effects of COVID-19 reside.
EVgo
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