Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Tesla opens EV charger designs to other automakers in hope to become North American standard

Published 11/11/2022, 03:12 PM
Updated 11/11/2022, 03:17 PM
© Reuters.  Tesla (TSLA) opens EV charger designs to other automakers in hope to become North American standard

By Michael Elkins

Tesla Inc. (NASDAQ:TSLA) announced in a blog post Friday that the company has decided to open the design of its electric vehicle charging connector to other automakers in an effort to encourage network operators and automakers to adopt the technology and help make it the new standard in North America.

The company’s blog post noted that the design and specification files are available for download, that they are “actively working with relevant standards bodies to codify Tesla’s charging connector as a public standard.”

Tesla claims that its charging connector and charge port — which it now calls the North American Charging Standard (NACS) — is the most common charging standard in North America. The post does not name any automakers or charging infrastructure companies as converts.

At least one company — EV startup Aptera — supports the move. Earlier this year, Aptera called for U.S. government to adopt Tesla’s Supercharger technology as the standard for all EV charging in the country. And EVgo Inc (NASDAQ:EVGO) has added Tesla connectors to some of its charging stations in the United States.

The company said in the blog post that network operators “already have plans in motion” to incorporate NACS at their chargers. If network providers like ChargePoint Holdings Inc (NYSE:CHPT), EVConnect or Electrify America add NACS, it would allow Tesla owners to charge at these stations without a need for an adapter.

Shares of TSLA are up 1.93% near end of day trading on Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.