The EV industry is described as still up-and-coming in terms of making a profit, with EVgo briefly mentioned in reference to the upcoming IPO and the fact that they own their chargers and make a profit whenever they are used.

President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.

Electric Car-Charging Business Is Doing Everything But Making Money