article thumbnail

How a $1.05 Billion Loan Could Supercharge EVgo’s Charging Network

Automotive Addicts

A Major Boost for EVgo This conditional loan guarantee is a lifeline for EVgo, a company that’s currently facing challenges related to high capital costs. As more Americans adopt electric vehicles, the demand for a nationwide, user-friendly charging network will only grow.

article thumbnail

The biggest challenges facing automotive retail in 2024 (and how to tackle them)

Autocar

Questions remain over who will bear certain brand costs, such as the cost of demo vehicles, training and gross margins. Equally, the significant capital cost of the agency model could discourage manufacturers, and make them think again.

Retail 52