Investor Presentaiton

EVgo Competitive Moats Continue to Grow Wider and Deeper Large and Growing Market Electrification unlocks a massive addressable market Total TWh demand expected to grow 30x by 2030 and 100x by 2040(1) EVgo ST CHARGIN Uniquely positioned to capture and create value in the EV charging space Proprietary Technology Compelling Unit Economics ■ " ■ Industry Leading Partners ■ ■ Proprietary analytics and technology platform informs optimal location /network design and performance Enhances best-in-class customer experience and retention Build, own and operate model that achieves profitable growth Disciplined data-driven underwriting drives capital allocation with minimum return thresholds Robust long-term cash flow generated by each site Tailored value proposition across diverse ecosystem of top-tier partners Leading partnerships with GM, Nissan, Whole Foods, Kroger and others Drives flywheel effect, lowering customer acquisition costs, accelerating growth, and enhancing EVgo's competitive moat evgo.com Superior Locations and Site Positions ■ ■ Largest portfolio of sites (#1 in the country by # of locations) (2) Charger locations (MSAs with 3 out of 5 top U.S. retailers, urban focus) (1) (2) 2019 through 2027 based on company estimates, 2030 and 2040 based on BNEF. Based on company data and PlugShare as of 9/30/20. EVgo 34

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