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Tesla to Open Its U.s. Charging Stations to Competitors as Part of a $7.5 Billion Federal Project

Business Talk by Business Talk
February 17, 2023
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Tesla to open U.S. charging network to rivals in $7.5 bln federal program -White House
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The special plug that is utilised in the USA and Canada has contributed to Tesla’s Supercharging network’s exclusivity to Tesla owners. The business may need to make adjustments, though, in order to obtain the billions of dollars that the US government will spend on expanding the number of charging stations around the nation. According to a recent US Department of Transportation mandate, the firm must let competitors access to its supercharging network.

The final clause, which is expected to be revealed next week, will put pressure on Tesla to incorporate the CCS1 charging standard, which is used by many of its rivals, in addition to its own proprietary plug. If not, Tesla will miss out on the opportunity to gain $7.5 billion in subsidies as part of President Joe Biden’s proposal to build 500,000 ev chargers over the next few years. Almost 40,000 chargers are part of Tesla’s proprietary global charging network. Non-Tesla users cannot access it, despite the fact that it is praised for its availability, dependability, and speed.

Despite the fact that Teslas and Superchargers in those locations currently use the CCS charging standard (CCS2 is used in Europe and Australia), which makes it simpler, some of Tesla’s Superchargers in those regions have already been made available to non-Tesla EVs. The company has already said that it intends to open up access to its Superchargers to other EVs in the United States as well, but that work is still in progress. Tesla is slated to introduce new Superchargers with the CCS1 plug in addition to Tesla’s NACS plug.

Elon Musk met with leaders of the Biden administration last month, and charging network was one of the many subjects covered. Tesla sent a letter to the Federal Highway last year, recommending changes to the Biden administration’s charging scheme. Also, the business has replied to a related query from Ohio regulators for businesses to submit pricing proposals. Moreover, Tesla stated in Arizona that it was willing to upgrade its chargers or create new ones in order to comply with federal regulations.

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Business Talk is a digital business magazine that caters to CEOs, Entrepreneurs, VC, and Corporates. While working with entrepreneurs and business executives, we focus not only on their achievements. Our mission is to shed light on business entities, including their innovations, technological benchmarks, USPs, and milestones/accolades. In this way, we seek to inspire and enlighten businesses and our readers to make decisions that really matter. We continuously update our website on market affairs with blogs, news posts, inside articles, and much more.

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