Exclusive-To tap US government billions, Tesla must unlock EV chargers

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 66%

Canada Canada Headlines News

Canada Canada Latest News,Canada Canada Headlines

Tesla CEO Elon Musk has often talked about opening his Supercharging network to competitors, but has never actually done so in the United States, where the company dominates the electric vehicle market. Now, the brash CEO may have 7.5 billion reasons to accelerate those plans. The Department of Tr

Tesla CEO Elon Musk has often talked about opening his Supercharging network to competitors, but has never actually done so in the United States, where the company dominates the electric vehicle market.The Department of Transportation next week is expected to finalize a requirement that will pressure Tesla to expand beyond its proprietary charging equipment in the U.S. and add the charger used by its competitors, administration officials tell Reuters.

As the U.S. pressure builds, there are plenty of signs that Tesla is on the brink of democratizing its network, even though Musk has denounced the federal government's involvement before. Musk, for his part, said in a July 2021 earnings call that the point of Tesla's charging network was"not to create a walled garden and use that to bludgeon our competitors," but has not publicly discussed plans for U.S. market changes. The company has opened up some Superchargers in Europe and Australia."We do understand that Tesla is looking to tweak their system to be more open access.

Opening up its networks could grow a funding and revenue stream for Tesla, but could erode the brand's exclusivity and make it challenging for the automaker to manage the network, analysts say. Chargers seeking to become part of the National Electric Vehicle Infrastructure program must utilize a combined charging system, or CCS, the standard in the U.S. on nearly all charging stations except Tesla’s popular Superchargers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lucid joins Tesla-led EV price war with discounts on some Air modelsLucid Group said on Thursday that customers will get a $7,500 credit on buying certain variants of the Air luxury electric car, revving up a price war started by market leader Tesla Inc.The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to gra
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »