EVgo to deploy more than 400 fast-charging stalls at US grocery-anchored shopping centers

EVgo, one of the largest public direct current fast charging (DCFC) network operators in the United States, is expanding its footprint into everyday retail destinations with plans to install more than 400 fast-charging stalls at grocery-anchored shopping centers nationwide.

The strategy places chargers where drivers already spend time, allowing them to replenish their vehicle’s battery while running errands or grabbing a coffee — a model that mirrors how retail-adjacent charging has developed in other markets. For EVgo, the grocery segment adds to a network that serves drivers directly, supports original equipment manufacturer charging programs, and provides commercial charging services to businesses.

EVgo operates in a competitive landscape that includes Tesla’s Supercharger network, Electrify America, and a growing field of regional operators, all racing to secure high-visibility real estate as electric vehicle adoption broadens beyond early adopters. Grocery-anchored centers offer dwell times that align well with DCFC sessions, which typically run 20 to 40 minutes, and anchor tenants benefit from increased foot traffic during charging visits.

The expansion comes at a challenging time for the company’s shares. EVgo stock closed the previous session at $1.41 and was trading at $1.36 recently, down 3.9% on the day, valuing the specialty retail company at roughly $505 million in market capitalization. Like much of the charging infrastructure sector, EVgo has faced pressure as investors weigh capital-intensive buildouts against utilization rates that depend on continued EV sales growth.

Federal and state incentive programs, along with automaker commitments to electrification, continue to shape the economics of public charging. Location partnerships such as this one allow network operators to reduce site acquisition friction while giving property owners a new amenity for tenants and shoppers.

What to watch

• Timing and pace of stall activations across the grocery-anchored sites, and which markets come online first.
• EVgo’s upcoming quarterly earnings report, including network utilization metrics and capital expenditure guidance.
• Additional retail or landlord partnerships that could extend the grocery model to other destination categories.
• Progress on EVgo’s broader network growth targets and any updates on automaker or fleet charging agreements.

Source: original release