Sam Boughedda

Investing.com — Evgo Inc (NASDAQ:)Stock gained 25% on Tuesday, adding to yesterday’s gains after General Motors Company announced that it was expanding its partnership with them (NYSE:). Uber Technologies Inc (NYSE:

Investors were informed Monday by the business that charges electric vehicles. awarded several grants in Pennsylvania. EVgo shares closed the day 34% higher after the announcement about the infrastructure bill.

Investors in EVgo have received positive news Tuesday. The company revealed that it plans to expand its partnership with General Motors for fast-charging infrastructure. It is already underway throughout the U.S.

EVgo and GM had previously stated that they have tripled their network with plans to add 2,750 charging stations by 2025.

They stated however that due to the increased demand for charging infrastructure as well as new vehicle introductions in the later years of the program, they expanded their plan to include 500 additional high-powered DC fast charges. The total number of chargers now stands at 3,250, bringing the program’s reach to 52 markets.

“We are thrilled to expand the scope of our collaboration with GM – a testament to our successful partnership,” said EVgo CEO Cathy Zoi.

The GM announcement alone was sufficient to drive the stock up, but EVgo also announced it will increase its EV charging program in order for Uber rideshare drivers.

Uber drivers will now have access to EVgo’s over 800 network of public fast chargers through this expanded partnership. New discounts and other benefits will be offered to drivers. The goal is for this partnership to encourage more EV adoption.

Adam Gromis from Uber’s Sustainability Policy Head stated, “The increased incentives offered by EVgo’s program help drivers to save money and take another steps towards transforming Uber into a no-emissions platform.”

EVgo shares reached a peak of $17.74 right after the opening bell.