Elon Musk Has Last Laugh On US EV Charging Despite EU's Refusal Of Tesla's Design
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk expressed disappointment over the EU's refusal to consider Tesla's charging design, while General Motors and Ford announced collaborations with Tesla to adopt the North American Charging Standard (NACS) for EVs. GM plans to integrate the NACS connector design into its EVs starting in 2025.
June 09, 2023 | 5:04 am
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Ford announced a similar collaboration with Tesla last month to adopt the NACS for EVs.
Ford's collaboration with Tesla to adopt the NACS for EVs may lead to increased charging options for Ford EV drivers and improve the overall EV ownership experience. This could potentially boost Ford's EV sales and strengthen its position in the EV market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
General Motors announced a collaboration with Tesla to adopt the NACS for EVs and plans to integrate the NACS connector design into its EVs starting in 2025.
The collaboration with Tesla to adopt the NACS for EVs and the integration of the NACS connector design into GM's EVs starting in 2025 may lead to increased charging options for GM EV drivers and improve the overall EV ownership experience. This could potentially boost GM's EV sales and strengthen its position in the EV market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tesla's charging design was rejected by the EU, but collaborations with GM and Ford to adopt NACS for EVs may boost Tesla's charging network.
The EU's refusal to consider Tesla's charging design is a setback, but the collaborations with GM and Ford to adopt NACS for EVs may lead to increased adoption of Tesla's charging network. This could potentially boost Tesla's revenue and strengthen its position in the EV charging market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100