The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: William Chapman Peterson - JPMorgan Chase & Co, Research Division - Analyst
: Similarly, Cathy, good luck and next especially [Badar] looking forward to working with you. First question is on the initial disclosure. So Pennsylvania
actually had some disclosure on the NEVI awards. And it's not comprehensive, but some of the information would point to EVgo and other project
costs being materially higher than Teslas. It looks like around double. I'm not sure if this is apples-to-apples. But I guess can you break down some
of the cost elements and how you're thinking about hardware construction installation, I guess, in order to be more competitive across these sort
of (inaudible) into the new year?
Question: William Chapman Peterson - JPMorgan Chase & Co, Research Division - Analyst
: That's helpful. And I guess trying to think about the share, first of all, this great network throughput drove here, utilization trends are turning higher.
But if we think about the model working long term, it's going to be about installing more stalls and kind of letting this flywheel take effect. So I
guess if we think about next year and beyond, how should we think about your share of ports being installed. Does EV going to expand in 2024
and 2025 faster than the market in order to drive this flywheel. And I guess, really, ultimately, how dependent on this growth plan in the next year
will be dependent on policy support or DOE loans or other funding?
Question: William Chapman Peterson - JPMorgan Chase & Co, Research Division - Analyst
: Yes, sorry, I was on mute. It is helpful. But I guess still, nonetheless, I mean you need to have critical mass, I would think in these markets, you talked
about all these sort of new non-California markets in terms of driving mind share and driving people to these sites. So I guess how much will that
depend on other funding opportunities versus your own balance sheet?
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NOVEMBER 08, 2023 / 4:00PM, EVGO.OQ - Q3 2023 EVgo Inc Earnings Call
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