Tesla charging rivals scramble to keep up after Ford and GM deals
businessinsider.com - 1 year, 7 months ago - Read On Original Website
Tesla is slowly opening many of its charging stations to vehicles of other automakers.
Ford and GM recently said their cars will be able to use Tesla Superchargers.
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It looks like Tesla's Superchargers are going to win out after all.
After Ford and General Motors both inked deals to let their customers access the sprawling network, several other private charging operators said they would also add compatibility.
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What is the reaction of NACS's competitors?
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scramble to keep up
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pledging to adopt NACS
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they have to adapt if they want to be able to serve those EV drivers
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said it would listen to customers and continue to evaluate the market
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still use the CCS charging standard and have not announced any plans to change
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rallied more than 5%
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adding a second set of charging cables to product lines
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Tesla has modified its EVs in Australia rather than introduce NACS
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signaled support and shared plans to make NACS connectors available
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would feel squeezed
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up
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Ford and GM, whose switch to NACS indicates they believe access to a broader charging network is more important than maximum charging speed
Tritium, an Australian company that sells the plugs and other equipment to build charging stations, said Monday that it would add a connector option for the North American Charging Standard, or NACS, the plug first designed by Tesla and opened to other automakers in 2022.
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What is Tesla's North American Charging Standard (NACS)?
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Charging Connector
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Supercharger Network
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charging sockets
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EV charging plugs
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connector
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charging connector and charge port
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dominant charging technology in North America
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electric-vehicle charging
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will integrate those ports into its electric vehicles from 2025
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Superchargers throughout North America
EVgo, which operates one of the largest non-Tesla charging networks in the US, also said it would expand NACS connectors to its network, specifically citing the moves by Ford and GM in its press release.
The two new announcements follow a slew of others in recent months by charger manufacturers to adopt NACS connectivity, according to a roundup by Jaan Juurikas of EV Universe.
Tesla's NACS will now compete with two other main charging port types: CCS and CHAdeMO, which companies like Tritium and EVgo also offer.
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What is the potential impact of the shift towards NACS on the EV charging industry?
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pressure other automakers and the U.S. government to adopt Tesla's charging technology
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would feel squeezed
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it will make adapters available so drivers can still use CCS chargers, as well
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allow it to use Tesla's Supercharger Network
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Tesla's connector has basically become the new standard in North America
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Electrify America's position in the EV charging space is precarious at best
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put Tesla's North American Charging Standard (NACS) on the path to be the dominant charging technology in North America
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the NACS connector is capable of up to 250 kilowatts of DC fast-charging
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puts three U.S. automakers--Tesla, Ford, and GM--on the same domestic EV charging standard
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could further fragment the country's charging infrastructure
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greater access to chargers
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could give consumers pondering an electric vehicle greater confidence the technology is here to stay and that they'll be able to find places to top up their batteries
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positive for EV adoption in the United States
Tesla's chargers are lighter and easier to use -- and the company's Superchargers stations are known for their uptime and lack of issues that plague other chargers. Still, though, Tesla's connector wasn't always the holy grail.
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What are the benefits to EV consumers of having standardized charging ports?
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access to more charging stations
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they will gain access to double the number of chargers that they had before
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NACS is half the size and twice as powerful compared to CCS
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expanded charging networks
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greater access to chargers
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greater confidence the technology is here to stay and that they'll be able to find places to top up their batteries
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alleviate the difficulty of finding a public charger
Tesla only recently switched to the name "North American Charging Standard" recently, a move that appears to have paid off.
For years, wide swaths of the industry have worked to conform to CCS and CHAdeMO, which is still the default for competitors like Hyundai, Kia, Volkswagen, and others.
If more automakers continue to offer Tesla connectivity, the benefits could be huge for Tesla. Dan Ives, an analyst at Wedbush Securities, estimated the GM and Ford deals could bring in an extra $3 billion in revenue for Tesla over the coming years.
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How much could Tesla gain in revenue from non-Tesla vehicle owners by 2032?