EVgo Inc. (EVGO) Announces New Plans to Release NACS Connectors

EVgo Inc. (NASDAQ:EVGO) is one of the best strong buy stocks to invest in under $5. On January 27, EVgo Inc. (NASDAQ:EVGO) announced new plans to release NACS connectors to meet consumer demand. The update came after the company’s successful 2025 pilot, during which it installed around 100 NACS connectors across 22 major metropolitan areas. EVgo Inc. (NASDAQ:EVGO) has plans to expedite this deployment to achieve the installation of over 500 NACS connectors by the end of this year. It added that the installation will take place at both existing and new locations, serving both Tesla drivers and the rising number of new vehicle models that are equipped with the NACS inlet.

EVgo Inc. (NASDAQ:EVGO) further stated that it expects over 80% of the new EVs sold in North America to be NACS compatible by 2030, with the company’s NACS deployment plans specially designed to expand its existing customer base and raise throughput while meeting anticipated consumer demand.

The company has plans to deploy additional NACS stalls in 2026 in key markets characterised by rising NACS vehicle penetration, including Houston, Austin, Orlando, Las Vegas, Dallas, Phoenix, Chicago, Detroit and San Francisco. EVgo Inc. (NASDAQ:EVGO) plans to offer NACS charging in over 25 states by the end of 2026.

EVgo Inc. (NASDAQ:EVGO) is involved in the provision of electric vehicle charging station services and offers home charging solutions, work charging solutions, the EVgo network, and freedom station plans to electric car owners.

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Disclosure: None. This article is originally published at Insider Monkey.