Investor Presentaiton

EVgo's Business Model Compares Favorably to Peers Revenue Growth 151.8% EVgo 2021-2024E CAGR EBITDA Growth (2) 134.1% EVgo 2024-2026E CAGR EBITDA Margin Source: Note: (1) (2) (3) 36.6% EVgo (2026E) 87.1% EV charging 21.8% 27.5% 9.6% 6.7% Peer Median: 23.8% TESLA Clean Infrastructure Clean Tech High-Growth Infrastructure 2021-2024E CAGR(1) 2021-2024E CAGR 2021-2024E CAGR 2021-2023E CAGR 2021-2024E CAGR 120.1% 44.5% 26.8% Peer Median: 26.8% 10.9% • 7.5% EV charging Clean TESLA Infrastructure Clean Tech High-Growth Infrastructure 2023-2026E CAGR(1)(2) 2021-2024E CAGR 2021-2024E CAGR 2021-2023E CAGR 2021-2024E CAGR 56.1% 34.0% 34.2% 18.2% 22.0% Peer Median: 33.5% EV TESLA charging (2024-2026E)(1)(3) (2021E) Clean Infrastructure (2021E) Clean Tech High-Growth Infrastructure (2021E) (2021E) Company materials, filings, and FactSet as of 3/24/21. EV charging: BLNK, CHPT, FAST-NL, TPGY and SNPR; Clean Infrastructure: BEP and AMRC; Clean tech: ENPH, SEDG, NOVA and BE; High-growth infrastructure: AMT, CCI, EQIX and DLR. TPGY 2024E revenue growth and EBITDA margin based on "Subsequent Growth Phase" assumptions in December 2020 investor presentation. Range represents average EBITDA CAGR composed of 2024-2025E for BLNK, 2024-2026E for CHPT, 2023-2024E for FAST-NL and 2024-2025E for SNPR. TPGY excluded from analysis due to unavailability of long-dated forward projections. Range represents average EBITDA margin composed of longest-dated EBITDA available (2025E for BLNK, 2026E for CHPT, 2024E for TPGY, 2024E for FAST-NL and 2025E for SNPR). EVgo 31

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