Industry Implications of Tesla’s EV Charging Agreements with Ford and GM

Industry Implications of Tesla’s EV Charging Agreements with Ford and GM


TESLA logo on a charging station at on May 26, 2023 in Merklingen, Germany.

Harry Langer/ | Defodi Images | Getty Images

In a matter of weeks, Ford Motor, General Motors and Tesla appear to have shifted the tide on the electric vehicle-charging infrastructure in North America.

Tesla owners have long enjoyed reliable charging away from home at the company’s Supercharging stations, the largest charging network in North America by far. But the charging industry at large has been fragmented, and non-Tesla owners haven’t had it as easy.

All of that will soon change.

Last month, Ford announced it had made a deal with Tesla that will allow Ford EVs to use Tesla’s charging stations with an adapter — and that starting in 2025, it will make Tesla’s charging tech standard on its own EVs. It was a surprising partnership between rivals, and on Thursday, General Motors said it struck a nearly identical deal with Tesla.

So why would Ford and GM join forces with Tesla, a company long seen by…

2023-06-09 18:48:58
Source from www.cnbc.com

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