EV Charger Manufacturers Cautiously Consider Adopting Tesla’s Standard: Analysis

Reuters reported on June 12 that electric vehicle charging companies are cautiously adopting Tesla’s charging technology as the main U.S. standard. This comes just days after Ford and GM announced their adoption of the technology. However, questions remain about how interoperability between the different standards will work. Tesla’s North American Charging Standard (NACS) is likely to become the top billing standard, which could put companies like ChargePoint, EVgo, and Blink Charging at risk of losing customers if they only offer the rival Combined Charging System (CCS). The Biden administration has favored CCS, but the White House announced on Friday that EV charging stations offering Tesla plugs would be eligible for federal subsidies as long as they included CCS connectivity. ABB E-mobility North America has been working on NACS development since Tesla opened up its technology in November. Charger makers and operators are concerned about how smoothly the two standards will work together and whether having both standards in the market will raise costs for vendors and customers.

Blink Charging, ChargePoint Holdings, and Tritium DCFC have announced that they will launch new fast chargers with Tesla’s connector. EVgo is working with its suppliers to serve all EV drivers no matter what fast-charging connector they use. Some of these companies’ stocks fell sharply on Friday, but they have since recovered after announcing their adoption of NACS. However, there is still “miles to go” before the charging experience is fully understood, according to Aatish Patel, co-founder of charger maker XCharge North America.

Source link: /business/autos-transportation/ev-charger-makers-guardedly-look-adopt-tesla-standard-2023-06-12/”>https://www.reuters.com/business/autos-transportation/ev-charger-makers-guardedly-look-adopt-tesla-standard-2023-06-12/