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☆ Buying anything but a Tesla makes no sense right now
▼ + stars: | 2023-07-20 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Several car companies say their EVs will be built with the Tesla charging standard starting in 2025. Otherwise, buying an EV other than Tesla now means its charging tech will soon be in the minority. It's supposed to be a huge advantage to non-Tesla car companies that they're switching to Tesla's charging tech. With automakers, charging providers, and more moving to Tesla's tech, CCS will be far less popular in the coming years. The EV buyers in five to 10 years will be buying tech that's more advanced and stabilized.

Persons: Tesla, Elon, Karl Brauer, Brauer, NACS, Loren McDonald, McDonald Organizations: Morning, Ford, GM, Volvo, CCS Locations: America

☆ Japan's Nissan to adopt Tesla EV-charging design from 2025 in U.S., Canada
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

July 19 (Reuters) - Nissan (7201.T) on Wednesday became the first Japanese automaker to agree to adopt Tesla's (TSLA.O) electric-vehicle charging technology in the U.S. and Canada, joining global peers in expanding their fast-charger network to boost EV adoption. Starting in 2025, Nissan will equip its EVs with the Tesla-developed North American Charging Standard (NACS) port, as it targets 40% of U.S. vehicle sales to be fully electric by 2030, the company said. The White House has said electric-vehicle charging stations using Tesla-standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. From 2024, Nissan will provide NACS charging adapters with its Ariya EV models currently equipped with CCS to enable them to charge on Tesla's Supercharger network. Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Biden, Shivansh, Devika Organizations: Nissan, Wednesday, Ford, General Motors, CCS, U.S . Department of Energy, Thomson Locations: U.S, Canada, United States, Bengaluru

Tesla's earnings on Wednesday are expected to show its gross profit margin declined to 18.9% in the second quarter, according to 19 analysts polled by Visible Alpha. "Tesla's market share for the EV segment is likely to decline over time," said Morningstar analyst Seth Goldstein said. "However, I think the more appropriate metric to look at is Tesla's total auto market share, which continues to grow as they continue to grow deliveries." Reuters GraphicsCHARGING AHEADAs EV sales slow, Tesla has been moving aggressively to capture a larger share of the U.S charging market in a bid to diversify its revenue. Piper Sandler estimates Tesla's revenue from its charging network to hit $9.65 billion in 2032, with more than half the sales coming from EVs made by other carmakers using its network.

Persons: Elon, Tesla, Vitaly Golomb, Seth Goldstein, Piper Sandler, EVs, Akash Sriram, Aditya Soni, Vinay Dwivedi Organizations: stoke, Ford, Visible Alpha, Reuters, Reuters Graphics, General Motors, Thomson Locations: BYD, China, U.S, Bengaluru

☆ SK Signet signs electric vehicle charger deal with Francis Energy
▼ + stars: | 2023-07-14 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 14 (Reuters) - SK Signet (260870.KN) told Reuters on Friday that it has signed a deal to supply 1,000 electric vehicle chargers to Francis Energy, in a move to tap federal funding on charging stations nationwide. The two are among several companies which were selected by Ohio state to receive more than $18 million in combined federal funds to build 27 electric vehicle fast charging stations along some of its interstate corridors. SK Signet, which also counts charging station operators Electrify America and EVgo (EVGO.O) as its customers, last month opened its first U.S. manufacturing facility in Texas. Ohio said all 27 stations announced this week will have the required Combined Charging System (CCS) plug, not Tesla connectors. "We’re considering whether to require it (the Tesla connector) or make it an optional enhancement in future rounds," a state official told Reuters.

Persons: Biden, Hyunjoo Jin, Aurora Ellis Organizations: FRANCISCO, SK Signet, Reuters, Francis Energy, EV, America, Ford, GM, Thomson Locations: Ohio, . Ohio, America, Texas

☆ Texas defers decision on EV charging funds amid industry pushback on Tesla plugs, sources say
▼ + stars: | 2023-07-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

The vote in Texas is being closely watched in the industry as it could drive similar moves in other states. Reuters reported last month that Texas planned to mandate EV charging companies to include Tesla's North American Charging Standard (NACS) standard if the companies wanted access to a program to electrify highways using federal funds. Washington state has talked about similar plans and Kentucky has mandated that EV charging companies include Tesla's plug. The rollout of the federal funds require charging companies to offer CCS. But plans to adopt Tesla's technology by Ford Motor (F.N) and General Motors (GM.N) have prompted a flurry of automakers and charging companies to embrace the technology.

Persons: let's, Abhirup Roy, Hyunjoo Jin, Sonali Paul Organizations: FRANCISCO, Reuters, U.S, EV, CCS, Ford Motor, General Motors, Thomson Locations: Texas, Washington, Kentucky, San Francisco

☆ Texas defers decision on EV charging funds amid industry pushback on Tesla plugs - sources
▼ + stars: | 2023-07-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

☆ EV charger maker Tritium wins order from Hawaii under federal funding program
▼ + stars: | 2023-07-11 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 11 (Reuters) - Tritium DCFC (DCFC.O) said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers - the first funds to roll out in a federal program meant to blanket the country with charging infrastructure and boost EV adoption. Hawaii, which was granted access to $2.6 million in September as part of the first round of funding, is buying 32 150-kilowatt Tritium chargers and 16 power units, the company said. "These fast chargers are expected to be among the first funded and installed under the NEVI program," Brisbane, Australia-based Tritium said in a statement. While several states, including Ohio and Texas, are in various stages of seeking proposals from companies, Tritium said Hawaii was using an existing contract with Sustainability Partners, an infrastructure-focused public benefit company to place the order. The federal funding - seen critical to President Joe Biden's plans to tackle climate change and create local jobs - requires companies to offer the U.S. standard Combined Charging System (CCS) in the chargers.

Persons: Joe Biden's, Abhirup Roy, Nivedita Organizations: FRANCISCO, National Electric Vehicle Infrastructure, Sustainability Partners, U.S, CCS, American, Reuters, Thomson Locations: Hawaii, U.S, Brisbane, Australia, Ohio, Texas, Washington, San Francisco

☆ Which electric cars can charge at a Tesla Supercharger and how to do it
▼ + stars: | 2023-07-08 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

Now, more and more automakers are switching to Tesla's charging tech. But there are a few things non-Tesla drivers need to know about charging at a Tesla station. More car companies are shifting to Tesla's charging tech in the hopes of boosting their customers' confidence in going electric. Here's what it boils down to:If you currently drive a Tesla, you can keep charging at Tesla charging locations, which use the company's North American Charging Standard (NACS), which has long served it well. Starting next year, if you drive a non-Tesla EV (from the automakers that have announced they'll make the switch), you'll be able to charge at all Supercharger locations with an adapter.

Persons: Tesla, you'll Organizations: Morning, Tesla, CCS Locations: America

☆ Mercedes-Benz to adopt Tesla’s EV charging standard in North America
▼ + stars: | 2023-07-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

The German luxury automaker will fully integrate what Tesla calls the North American Charging Standard (NACS) in its electric vehicle line-up, it said on Friday. In November, Tesla CEO Elon Musk invited other EV makers to build vehicles that could use Tesla charging ports. In May, Ford (F) announced its vehicles will gain access to Tesla’s vast EV charging network. “With the development of Mercedes-Benz’s new North American High-Power Charging Network, we are ready to redefine the electric vehicle charging experience,” Andrew Cornelia, CEO of Mercedes-Benz HPC North America said in a statement. CCS chargers are used by most other EV makers, including General Motor, Audi, and Rivian, but Tesla’s charging stations outnumber CCS stations in the United States.

Persons: New York CNN — Mercedes, Tesla, superchargers, Mercedes, Elon Musk, “, ” Andrew Cornelia, it’s Organizations: New, New York CNN, Benz, American, EV, Tesla, Ford, GM, Mercedes, America, General Motor, Audi Locations: New York, North America, Europe, China, California, United States

☆ Mercedes-Benz picks Tesla's charging standard for North America EVs from 2025
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

The company joins American rivals Ford (F.N) and General Motors (GM.N) to adopt the North American Charging Standard (NACS) as they try to expand their network of fast-chargers in an attempt to make owning EVs easier. Mercedes-Benz will be the first German automaker to sign up for Tesla's charging design for its North American customers. Mercedes-Benz will initially offer an adapter that would help its existing EVs with the Combined Charging System in North America to charge on the NACS network from 2024. It also plans to simultaneously expand its charging network with more than 400 charging hubs, including over 2,500 high-power chargers in North America by the end of the decade. Tesla, meanwhile, has expanded beyond its connectors to include CCS at some of its U.S. charging stations as the Biden administration seeks to provide billions in subsidies to expand charging networks.

Persons: Tesla, Biden, Shivansh, Arun Koyyur Organizations: Benz, Ford, General Motors, American, Mercedes, North, Volkswagen, CCS, U.S . Department of Energy, Thomson Locations: North America, United States, Bengaluru

☆ Elon Musk’s secret game plan for Tesla
▼ + stars: | 2023-07-06 | by ( Adam Rogers | ) www.businessinsider.com time to read: +9 min

"Tesla is happy to support other EVs via our Supercharger network," Tesla CEO Elon Musk tweeted, replying to President Joe Biden's announcement. And by tapping into a vehicle's battery management system, Tesla may be able to get even more data from its competitors. There were jokes for years that Tesla was actually a carbon-credit company pretending to be a car company. For a while it looked as if it were going to be an insurance company pretending to be a car company. Now, I think it's going to be a data company — which may just be the thing that winds up keeping it afloat.

Persons: who's, Tesla, Elon Musk, Joe Biden's, Mike Ramsey, it's, Samrat Acharya, Ford, Elon, they'll, Big, Adam Rogers Organizations: Ford, GM, Gartner, cybersecurity, Twitter, Big Locations: United States, Teslas, Silicon Valley

☆ Elon Musk convinced the industry to charge cars his way and Tesla owners are the biggest winners
▼ + stars: | 2023-07-04 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +4 min

But actually, Tesla drivers are likely to have more places to juice up going forward. Tesla drivers are about to have a lot more places to plug in. Naturally, some Tesla owners are worried about sharing space at Supercharger stations — the primary longtime differentiator between Tesla and other EV makers — once Ford and GM EV drivers get access. The auto industry has struggled for years to agree on a standard for EV charging, and it appears Tesla is finally winning the battle. "Now, it's going to make a lot more sense for Tesla to roll out charging stations that much faster throughout the country."

Persons: Tesla, Loren McDonald, McDonald, Cathie, Wood, It's Organizations: Ford, GM EV, Elon Musk's, EV, GM, Ark Invest, CNBC Locations: Elon, North America, America

☆ Kentucky mandates Tesla's charging plug for state-backed charging stations
▼ + stars: | 2023-07-03 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

San Francisco, July 3 (Reuters) - Kentucky is requiring that electric vehicle charging companies include Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky's plan went into effect on Friday, making it the first state to mandate Tesla's charging technology, although Texas and Washington states previously shared such plans with Reuters. In addition to federal requirements for the rival Combined Charging System (CCS), Kentucky mandates Tesla's plug, called the North American Charging Standard (NACS), at charging stations, according to Kentucky's request for proposal (RFP) for the state's EV charging program on Friday. Each port shall also be capable of connecting to and charging vehicles equipped with charging ports compliant with the North American Charging Standard (NACS)," the documents say. It added that the rule allows charging stations to have other connectors, as long as they support CCS, a national standard.

Persons: Kentucky's, Tesla, Hyunjoo Jin, Mark Porter, Leslie Adler, Conor Humphries Organizations: Reuters, American, EV, SAE CCS, Ford, Texas Transportation Commission, U.S . Department of Transportation, CCS, Electric Vehicle Infrastructure, Thomson Locations: San Francisco, Kentucky, Texas, Washington, United States

☆ 'It's just a plug': A rival EV CEO isn't sold on Tesla's charging tech
▼ + stars: | 2023-07-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

But Peter Rawlinson, the CEO of Tesla rival EV-maker Lucid, isn't convinced the tech is a shoo-in. Rawlinson told Bloomberg in an interview that the hype around the charger is "rather bizarre." While automaker after automaker signs on to use Tesla's well-regarded charging technology, one rival executive isn't completely sold yet. "What we're really comparing is, is it a screw cap or is it a cork on the bottle, not the quality of the wine," Rawlinson told Bloomberg. "Whoever controls this — if it isn't an open, impartial standard, if it's owned by one company — has access to a lot of consumer data," the executive told Bloomberg.

Persons: Tesla, Peter Rawlinson, isn't, Rawlinson, Gabriel Daoud, Cowen, they'll, carmakers, Elon Musk, Lucid's Rawlinson, Musk, NACS, you've, haven't, It's Organizations: Bloomberg, Ford, GM, Volvo, Tesla's

☆ Tesla beats second-quarter delivery estimates as price cuts pay off
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

July 2 (Reuters) - Tesla Inc (TSLA.O) on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable. "The price cuts was a smart poker move for Tesla and paying major dividends in the field especially for the China market," Dan Ives, an analyst at Wedbush Securities, said. Tesla is expected to hit record sales in China, its second-largest market after North America, despite stiff competition from market leader BYD . Tesla has cut prices starting in China since late last year, eroding its first-quarter margins. Reuters GraphicsThe company delivered 446,915 Model 3 compact cars and Model Y sport-utility vehicle, as well as 19,225 of its Model S and Model X premium vehicles.

Persons: Elon, Tesla, Dan Ives, BYD, Ives, Elon Musk, Akash Sriram, Shivani, Hyun Joo Jin, Sriraj Kalluvila, Lisa Shumaker Organizations: Tesla Inc, Refinitiv, Tesla, Wedbush Securities, Reuters Graphics, Ford, General Motors, Reuters, Thomson Locations: China, North America, United States, Shivani Tanna, Bengaluru

☆ Exclusive: EV charging firms oppose Texas' 'premature' plan to mandate Tesla standard -letter
▼ + stars: | 2023-07-01 | by ( Abhirup Roy | ) www.reuters.com time to read: +3 min

Reuters reported last week that Texas would require charging companies to include both Tesla's North American Charging Standard (NACS) as well as the nationally recognized rival Combined Charging Standard (CCS) technology to be eligible for a state program to electrify highways using federal dollars. Tesla, the dominant EV maker in the United States, has scored a string of victories for its charging technology in recent weeks, starting with Ford Motor (F.N) saying it would adopt NACS. General Motors (GM.N), Rivian Automotive (RIVN.O) and a raft of auto and charging companies did the same, on concerns of losing out on customers if they offer only CCS. But concerns remain about how smoothly the two charging standards would talk to each other and whether having both standards in the market would raise costs for vendors and customers. Charging companies have to re-work several aspects of NACS connectors, including extending the cable length and ensuring adequate temperature ranges, as well as get certifications for specific parts, the companies said in the letter.

Persons: Elon Musk's, FLO, Tesla, Abhirup Roy, Sayantani Ghosh, Leslie Adler Organizations: FRANCISCO, Reuters, Washington, SAE, ChargePoint Holdings, ABB, Texas Transportation Commission, The Texas Department of Transportation, ChargePoint, Affordable Clean Energy, Ford Motor, General Motors, Rivian Automotive, Tesla's, U.S . Department of Energy, Thomson Locations: Texas, United States, San Francisco

☆ Exclusive: EV charging firms oppose Texas' 'premature' plan to mandate Tesla standard, letter shows
▼ + stars: | 2023-06-30 | by ( Abhirup Roy | ) www.reuters.com time to read: +3 min

☆ Volkswagen in talks with Tesla to adopt its charging standard
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Volkswagen (VOWG_p.DE) is in talks with Tesla (TSLA.O) to adopt its North American Charging Standard (NACS), joining a slew of automakers and charging equipment makers that are choosing the technology. "Volkswagen Group and its brands are currently evaluating the implementation of the Tesla North American Charging Standard (NACS) for its North American customers," the German automaker said. Electrify America, its EV charging network unit, has more than more than 850 charging stations with about 4,000 chargers in the United States and Canada. Tesla, meanwhile, has expanded beyond its connectors to include CCS at some of its U.S. charging stations as the Biden administration seeks to provide billions in subsidies to expand charging networks. The EV maker's Superchargers account for about 60% of the total number of fast chargers in the United States, according to the U.S. Department of Energy.

Persons: Tesla, Biden, Polestar, Akash Sriram, Nathan Gomes, Shinjini Ganguli, Arun Koyyur Organizations: Ford, General Motors, Volkswagen Group, Tesla, North, EV, Volkswagen, CCS, maker's, U.S . Department of Energy, Thomson Locations: America, United States, Canada, Swedish, Bengaluru

☆ Polestar to adopt Tesla's supercharger network in the US, Canada
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Swedish electric vehicle (EV) maker Polestar said on Thursday it has signed an agreement with Tesla (TSLA.O) to adopt the EV maker's Supercharger network in the United States and Canada. Starting 2025, new Polestar vehicles sold in North America will be equipped with Tesla's North American Charging Standard (NACS) charging port by default, the company said. The deal comes days after Swedish carmaker Volvo Cars (VOLCARb.ST) said all its electric vehicles (EVs) will have access to Tesla's Supercharger network in the U.S., Canada and Mexico. Tesla's Superchargers account for about 60% of the total number of fast chargers available in the United States, according to the U.S. Department of Energy. Reporting by Tiyashi Datta in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Polestar, Tesla's, Biden, Tiyashi Datta, Pooja Desai Organizations: Tesla, Volvo, General Motors, Rivian Automotive Inc, CCS, U.S . Department of Energy, Thomson Locations: Swedish, United States, Canada, North America, U.S, Mexico, California, Bengaluru

☆ Volkswagen in discussions with Tesla over its charging standard
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, June 29 (Reuters) - Volkswagen (VOWG_p.DE) said on Thursday that it was in discussions with Tesla (TSLA.O) over its North American charging standard to optimize it for its customers. "Volkswagen Group and its brands are currently evaluating the implementation of the Tesla North American Charging Standard (NACS) for its North American customers," Volkswagen said in an emailed statement. Reporting by Victoria Waldersee; writing by Tom SimsOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Victoria Waldersee, Tom Sims Organizations: Volkswagen Group, Tesla, North, Volkswagen, Thomson Locations: FRANKFURT

☆ Polestar is the latest EV maker to announce a move to Tesla's North American charging standard
▼ + stars: | 2023-06-29 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Polestar owners in North America will have access to Tesla's charging network starting next year. New Polestar vehicles sold in North America will come standard with the Tesla-designed North American Charging Standard, or NACS, plug starting in 2025. Most non-Tesla EVs and charging stations in North America use a plug design called CCS, which stands for Combined Charging System. Tesla EVs can use CCS chargers with an adapter, but currently only Tesla EVs can use Tesla chargers. Tesla's plug design was proprietary until November, when the company published the technical details of its system and made it available to other automakers and makers of EV chargers.

Persons: Polestar, Tesla, Thomas Ingenlath Organizations: North America, Volvo, Ford Motor, General Motors, CCS, SAE International Locations: North America, Swedish, North

June 27 (Reuters) - Tesla's (TSLA.O) electric-vehicle charging technology is being put on a fast track to become a North American standard, giving a further boost to the automaker's plan to expand access to its once-exclusive chargers. Tesla's charging technology has been gathering momentum for weeks. Volvo Car (VOLCARb.ST) on Tuesday joined General Motors (GM.N), Ford (F.N) and Rivian (RIVN.O) in embracing Tesla's charging design, shunning earlier efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States. Tesla calls its technology "the North American Charging Standard (NACS)," but it has yet to be approved as a standard by SAE International. Building out the public charging network will require between $33 billion and $55 billion of cumulative public and private capital investment, according to the NREL study.

Persons: Biden, Tesla, Frank Menchaca, It's, Ali Zaidi, Hyunjoo Jin, Trevor Hunnicutt, Peter Henderson, Matthew Lewis Organizations: Volvo, Tuesday, General Motors, Ford, SAE, GM, Sustainable Mobility, SAE International, Reuters, American, National Renewable Energy Laboratory, Biden, White, CCS, Thomson Locations: American, United States, Texas, Washington, San Francisco

☆ Tesla charging technology put on fast track to become US industry standard
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Tesla's (TSLA.O) electric-vehicle charging technology is being put on a fast track to become a U.S. standard, the automotive industry group of engineers that reviews standards said on Tuesday. Tesla's NACS standard has been gathering momentum for weeks. General Motors (GM.N) and Ford (F.N) have said they would embrace Tesla's NACS, shunning earlier efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States. On Tuesday the Society of Automotive Engineers (SAE) said it would start an expedited process to review NACS as a potential public standard. "The new SAE NACS connector standard will be developed on an expedited timeframe and is one of several key initiatives to strengthen the North American EV charging infrastructure," the engineers group said in a statement.

Persons: Tesla's, Biden, Hyunjoo Jin, Peter Henderson, Matthew Lewis Organizations: General Motors, Ford, of Automotive Engineers, SAE, North, Thomson Locations: U.S, United States, San Francisco

☆ Volvo just became the latest EV maker to move to Tesla's charging standard
▼ + stars: | 2023-06-27 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Volvo will add the locations of Tesla charging stations to its proprietary app at the same time. Most non-Tesla EVs and charging stations in the U.S. use a rival plug design, the public-domain Combined Charging System standard. Tesla's NACS charging plug design was proprietary until late last year, when Tesla published the technical details of its system and said anyone could adopt the standard. Several studies have found that CCS charging networks have much lower reliability than Tesla's network. In addition, the CCS fast-charging plug is larger and heavier than Tesla's NACS plug, making it cumbersome for older or disabled drivers to use.

Persons: Volvo's, Tesla, Jim Rowan Organizations: Volvo Cars, North America, Tesla, American, Ford Motor, General Motors, Hyundai, Chrysler, Volvo, Detroit automakers, CCS, ABB Locations: U.S, Swedish, North, North America

☆ Volvo EVs to now have access to Tesla superchargers
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Swedish carmaker Volvo Cars (VOLCARb.ST) said on Tuesday it had signed an agreement with Tesla (TSLA.O) to give its electric vehicles (EVs) access to the EV maker's Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla's North American Charging Standard (NACS), adding to the slew of EV makers and charging equipment manufacturers taking up the technology. Tesla's Superchargers account for about 60% of the total fast chargers available in the United States, according to the U.S. Department of Energy. Its recent deals represent major strides in displacing rival standard CCS that earlier exclusively had the backing of President Joe Biden's administration. The government is offering $7.5 billion in funding to speed the deployment of EV chargers in the United States.

Persons: Joe Biden's, Akash Sriram, Maju Samuel Organizations: Volvo, Tesla, EV, Rivian Automotive Inc, General Motors, U.S . Department of Energy, Thomson Locations: Swedish, United States, Canada, Mexico, California, Bengaluru

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