EVgo Launches First Fast-Charging Stations As Part Of Toyota's "Empact" Strategy

EVgo, Inc. (NASDAQ:EVGO) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. EVgo, Inc. (NASDAQ:EVGO) and Toyota Motor North America have launched the first rapid charging stations under Toyota’s “Empact” program in Baldwin Park and Sacramento, California. Each station owned by the firm has 350kW chargers and can service up to eight vehicles at once. The program’s main goal is to increase EV infrastructure in underprivileged areas as part of Toyota’s larger goal to advance “mobility for all.”

“Empact” was first announced in April 2023 and focuses on charging access, cheap mobility, and emissions reduction. The new locations are close to shopping and dining districts to improve accessibility. Furthermore, EVgo, Inc. (NASDAQ:EVGO) has extended its free charging promotion for Toyota bZ4X drivers for another year.

EVgo, Inc. (NASDAQ:EVGO) collaborates with automakers to expand infrastructure and runs more than 1,100 fast charging stations in more than 40 states. It is among the Best EV Stocks. The initiative was commended by state leaders, including Assemblywoman Blanca Rubio and Senator Angelique Ashby, for promoting renewable energy transportation as well as improving air quality in California communities.

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