EVgo Results Presentation Deck

10 Key Financial Highlights Q1 2023 Quarterly Revenue, Margin and Cash Flow Update Unaudited, dollars in thousands Network Throughput (GWh) GAAP revenue GAAP gross profit (loss) GAAP gross margin GAAP net loss Adjusted Gross Profit¹ Adjusted Gross Margin ¹ Adjusted EBITDA¹ Cash flows used in operating activities Capital expenditures $ $ $ Q1'23 17.9 25,300 41 0.2% (49,081) 6,405 25.3% (20,067) $ Q1'23 $ $ (19,343) (65,246) $ $ Q1'22 8.0 7,700 (600) (7.8%) (55,266) 2,865 37.2% (18,176) Q1'22 (19,831) (28,274) Better (Worse) 124 % 229 % 107 % 800 bps 11% 124 % (1,190) bps (10)% $ 1 Adjusted Gross Profit, Adjusted Gross Margin, and Adjusted EBITDA are non-GAAP measures and have not been prepared in accordance with GAAP. For a definition of these non-GAAP measures and a reconciliation to the most directly comparable GAAP measure, please see "Definitions of Non-GAAP Financial Measures" and "Reconciliations of Non-GAAP Measures" included elsewhere in these materials. ● Revenues grew 229% year-over-year, driven by increases in eXtend and retail charging revenues ● • Retail charging revenue increased 89% on YoY basis eXtend revenues increased $10.2 million as pre- engineering work and equipment delivery continued for certain Pilot Flying J sites ● Adjusted gross margin declined: 25.3% compared to 37.2% in Q1 2022, primarily due to accelerated revenue recognition of regulatory credits in Q1 2022 and a reduction in LCFS prices • G&A as a percentage of revenue improved to 149.8% compared to 330.2% in Q1 2022 Adj. G&A as a percentage of revenue improved to 104.6% compared to 273.2% in Q1 2022 • Ended Q1'23 with $163.8 million in cash, cash equivalents, and restricted cash • Q1'23 capex spend acceleration primarily driven by prepaid equipment spend

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