Cathie Wood's ARK Sees Tesla's Collaboration With GM Popularize Its Charging Standard
Portfolio Pulse from Anan Ashraf
General Motors (GM) has decided to adopt Tesla's North American Charging Standard (NACS) for its EVs starting in 2025, which is expected to increase access to charging for GM's EV drivers at 12,000 Tesla superchargers across the U.S. EV charging equipment makers Blink Charging (BLNK), ChargePoint Holdings (CHPT), and Tritium DCFC (DCFC) have already announced plans to add NACS connectors to their networks.
June 14, 2023 | 6:30 am
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Blink Charging (BLNK) has announced plans to add Tesla's NACS connectors to its network following GM's decision to adopt the charging standard for its EVs.
By adding Tesla's NACS connectors to its network, BLNK is likely to attract more EV drivers, including those using GM's EVs, potentially increasing its customer base and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ChargePoint Holdings (CHPT) has announced plans to add Tesla's NACS connectors to its network following GM's decision to adopt the charging standard for its EVs.
By adding Tesla's NACS connectors to its network, CHPT is likely to attract more EV drivers, including those using GM's EVs, potentially increasing its customer base and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tritium DCFC (DCFC) has announced plans to add Tesla's NACS connectors to its network following GM's decision to adopt the charging standard for its EVs.
By adding Tesla's NACS connectors to its network, DCFC is likely to attract more EV drivers, including those using GM's EVs, potentially increasing its customer base and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GM's adoption of Tesla's NACS for its EVs starting in 2025 is expected to increase access to charging for GM's EV drivers at 12,000 Tesla superchargers across the U.S.
GM's decision to adopt Tesla's NACS will provide its EV drivers with increased access to charging infrastructure, making GM's EVs more attractive to potential buyers and potentially boosting sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla's NACS has been adopted by GM for its EVs starting in 2025, and EV charging equipment makers BLNK, CHPT, and DCFC have announced plans to add NACS connectors to their networks.
The adoption of Tesla's NACS by GM and the addition of NACS connectors to the networks of BLNK, CHPT, and DCFC will likely increase the popularity and usage of Tesla's charging standard, potentially benefiting Tesla's charging network and brand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100