The White House on Friday said electric-vehicle charging stations using Tesla standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well.The statement follows separate announcements by U.S. automakers Ford Moto
The White House on Friday said electric-vehicle charging stations using Tesla standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well.
Tesla shares jumped 5 per cent on Friday and analysts said the Ford and GM news is a big win that could make Tesla Superchargers an industry standard in the United States. GM and Ford shares were both up about 1.5 per cent on Friday afternoon. The statement did not say whether it was enough for Tesla to provide a CCS adapter to connect to charging ports at non-Tesla chargers.
The partnership among three of the biggest U.S. automakers ensures that more than 60 per cent of the country's EV market can access Tesla's North American Charging Standard. "Whether other charge point systems disappear in the same way that Betamax video tapes disappeared in the 1980s is likely to depend on policymakers. But at the moment Tesla is way ahead of the pack and the gap is widening."
Smaller EV companies including Rivian and Lucid did not immediately respond to requests for comment. Their shares were down just over 1 per cent.
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