US Unveils Deal With Elon Musk’s Tesla On Electric Vehicle Chargers.
In a significant move for the electric vehicle (EV) industry, Tesla has agreed to open up its US charging network to other EV brands.
This follows negotiations between the company’s CEO, Elon Musk, and the Biden administration, which is seeking to add 500,000 EV chargers by 2030. The initiative is part of the White House’s broader efforts to reduce greenhouse gas emissions and boost the adoption of clean energy.
Under the agreement, Tesla will make at least 7,500 chargers nationwide available to non-Tesla EVs by the end of 2024. This is expected to be a game-changer for the EV industry, as a lack of sufficient charging capacity has been a significant barrier to the transition to electric vehicles in the US, with drivers often expressing “range anxiety” due to the limited availability of charging stations.
While Tesla owners have been able to purchase an adapter to charge at non-Tesla EV stations, until now, other EV brands have not been able to do the same at Tesla’s network. Tesla’s charging network is viewed as having a head start over those being built by other companies, making this agreement a significant step forward for the industry as a whole.
In addition to Tesla’s commitment, the Biden administration also announced charging commitments from other leading companies, including General Motors, ChargePoint, and a joint venture between Hertz and BP. The policy update also unveiled national standards for federally funded chargers, ensuring consistency across markets.
Chargers will need to meet minimum reliability levels and be locatable on smartphone apps, which should help to address drivers’ frustrations with chargers that are slow, crowded or that simply don’t work.
The agreement with Tesla marks a significant shift in the EV industry and is expected to accelerate the transition to electric vehicles in the US. It also allows Tesla to qualify for US subsidies, which were included in the bipartisan 2021 legislation backed by Mr. Biden, that included $7.5 billion in funding for EV chargers.
Despite prickly relations in the past, the Biden administration and Mr. Musk appear to have worked collaboratively on this initiative, showing a willingness to work together towards a shared goal of promoting the adoption of clean energy.
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