Title: EVgo IPO: Stock Coming in 2021 via SPAC Climate Change Crisis
Headings: EVgo IPO: Stock Coming in 2021 via SPAC Climate Change Crisis
EVgo IPO: Stock Coming in 2021 via SPAC Climate Change Crisis
EVgo IPO: The Business
The EV Market
EVgo Stock: Why Now?
SPAC IPO: Climate Change Crisis Real Impact I
EVgo IPO Details
EVgo stock will trade on the New York Stock Exchange under the ticker symbol EVGO.

Content: Vehicle manufacturers are starting to turn toward developing EVs alongside the increase in battery manufacturers. Together there’s a commitment of $300 billion industrywide to these programs. EVgo also points out the industry expects the EV market to increase more than 100 times by 2040. The company expects both commercial and consumer market segments to drive market growth. Fleet electrification is growing due to decreasing costs of EV ownership, regulatory imperatives and more focus on environmental, social and corporate governance (ESG) investing. ESG refers to criteria used to determine the sustainability and societal impact of an investment. EVgo claims fast charging stations are expected to outpace demand for EVs. The market share is expected to grow to more than 40% by 2040. But the company notes EVs are expected to represent only a third of all U.S. vehicles. EVgo looks at this as an opportunity for multidecade growth.