Electrifying Alliances

Electrifying Alliances

Share this article

  • Ford Motor, General Motors, and Tesla have swiftly transformed the landscape of electric vehicle-charging infrastructure in North America within a short span. Recently, Ford unveiled a collaboration with Tesla, enabling Ford EVs to utilize Tesla's charging stations through an adapter.
  • Ford plans to integrate Tesla's charging technology as a standard feature in its own EVs from 2025 onwards. This unexpected alliance between competitors surprised many. In a similar vein, General Motors announced on Thursday that it has reached a nearly identical agreement with Tesla.

Why it matters

Tesla benefits from additional revenue and an endorsement of its technology by allowing competitors to use its charging network. They may also seek a share of public EV-charging subsidies. However, this doesn't grant Tesla a monopoly on public charging, as other operators can incorporate the NACS standard. Key players in the industry are already responding by planning to offer NACS plugs.


Get Smarter
About Investing

Join 35,000+ subscribers and get our 5 min daily newsletter on daily local and international financial news.
Get Smarter<br/> About Investing

Similar News