EVgo open to buying rivals as expiring tax credits adds to industry strain

[EV charging stations in Beijing]
tang90246/iStock Editorial via Getty Images

* To capitalize on the fragmented industry and financial strains likely to intensify with the end of tax credits for electric vehicles, EVgo (NASDAQ:EVGO [https://seekingalpha.com/symbol/EVGO]) CEO Badar Khan said the company is open to the idea of acquiring rivals.
* “If there’s an opportunity for us to deploy capital that provides compelling returns for shareholders through M&A, then of course we’re going to look into it,” Khan was quoted by Bloomberg.
* Those that could be potential candidates for a sale to EVgo (NASDAQ:EVGO [https://seekingalpha.com/symbol/EVGO]), include both Blink Charging (BLNK [https://seekingalpha.com/symbol/BLNK]) and ChargePoint Holdings (CHPT [https://seekingalpha.com/symbol/CHPT]) both of which have had shares trade below the Nasdaq minimum bid requirement, forcing ChargePoint (CHPT [https://seekingalpha.com/symbol/CHPT]) to recently conduct a reverse stock split.
* Blink (BLNK [https://seekingalpha.com/symbol/BLNK]), meanwhile, has operated at a loss for five consecutive quarters.

MORE ON EVGO

* EVgo, Inc. (EVGO) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4808947-evgo-inc-evgo-q2-2025-earnings-call-transcript]
* EVgo: Charging Up To Lock Down Customer Experience [https://seekingalpha.com/article/4804970-evgo-charging-up-to-lock-down-customer-experience]
* EVgo: If It Reaches Critical Mass, It Could Be An Outstanding Business [https://seekingalpha.com/article/4804667-evgo-if-it-reaches-critical-mass-it-could-be-an-outstanding-business]
* Trump admin issues new guidelines for EV charger funding after court blocked program freeze [https://seekingalpha.com/news/4483651-trump-admin-issues-new-guidelines-for-ev-charger-funding-after-court-blocked-program-freeze]
* Evgo outlines plan to quintuple annual stall build to 5,000 by 2029 with expanded financing [https://seekingalpha.com/news/4478955-evgo-outlines-plan-to-quintuple-annual-stall-build-to-5000-by-2029-with-expanded-financing]