Topline
General Motors will join Ford as one of two automobile manufacturers that will gain access to Tesla’s electric vehicle charging network—a partnership GM CEO Mary Barra said would “double access” to chargers that GM has so far made available to its vehicles.
Key Facts
GM electric vehicle drivers will gain access to 12,000 Tesla Supercharger ports starting early next year, which will initially require the use of adaptors.
The automobile manufacturer will also begin integrating the Tesla-developed North American Charging Standard in new electric vehicles by 2025.
Barra added that GM’s decision to pursue the Tesla charger deal came from customer concerns about infrastructure, particularly in the case of customers who worried about having an electric vehicle as their only vehicle without enough charging stations to support it.
The partnership marks another addition to Tesla’s new source of charging revenue—as Tesla’s services division, which includes charger fee revenue from its own customers, brought in $1.8 billion in the first three months of last year.
This is a developing story. Check back for updates.
Key Background
Tesla announced it would bring GM competitor Ford into its charging network in late May. In the first quarter of this year, GM recorded more electric vehicle sales than Ford, selling a little more than 20,000 units. Ford reported half as many electric vehicles sold in that same quarter. However, both manufacturers are dwarfed by Tesla in EV sales, which sold more than 160,000 units last quarter.
Read the full article here
