Benzinga · Jun 17, 2021
EXCLUSIVE: EVgo CEO Cathy Zoi Talks Charging Station Growth Drivers, Major Auto Industry Partnerships
Cathy Zoi, CEO of EVgo, joined Benzinga’s "SPACs Attack" show Wednesday. In January, charging station infrastructure company EVgo announced a SPAC merger with Climate Change Crisis Real Impact I Acquisition Corp (NYSE: CLII). Electrification Opportunity: Zoi said that while there is certainly plenty of excitement around EVgo’s transition to the public market, she is primarily focused on the company’s business fundamentals. “Hundreds of billions of dollars are going into the transition of the car sector. Vehicles are going from internal combustion engines to electric, and it is the very rare car company that’s not electrifying right now,” Zoi said. In addition to auto companies investing in the future, Zoi said governments around the world are pushing clean energy transitions by investing in infrastructure and financially incentivizing the auto industry. Zoi said the electrification of fleets is another major transportation transition. “That’s everything from ride-hail/rideshare like Uber and Lyft to UPS and FedEx ...
