Tesla Standard Plugs Eligible for Federal Subsidies
The White House announced on Friday that electric vehicle (EV) charging stations using Tesla standard plugs would be eligible for federal subsidies worth billions of dollars. However, these subsidies are only available if they also feature the national Combined Charging System (CCS) charging standard connection. This follows announcements from Ford and GM stating they were adopting Tesla’s charging model, known as the North American Charging Standard (NACS). The decision to do so has caused a considerable shakeup in the charging industry, which appeared to be favoring the rival CCS connection with the aid of federal subsidies. This is the first time the new Biden administration has connected Tesla to its plans to speed up its investment of up to $7.5 billion in building new high-speed EV chargers on roughly 7,500 miles of the country’s busiest highways.
The Ambitious Plan for EV Charging Installations
“More drivers having access to more high-quality charging, including Tesla superchargers, is a step forward,” stated a spokesperson from the White House. The current goal is for all publicly funded EV chargers to be accessible, reliable, and affordable. Minimum standards were set to ensure this, and also ensure interoperability to promote healthy competition. The spokesperson noted that the charging infrastructure supported by the administration would be flexible for adding both CCS and NACS provided drivers can count on a minimum of CCS. The new infrastructure plans are expected to make it possible for all car owners to use every publicly funded charger.
Coverage for Over 60% of the US EV Market
The new partnership between the US’s three largest automakers means more than 60% of the country’s EV market can now access Tesla’s NACS. The Elon Musk-led firm, already the world’s most valuable automaker, has added over $200 billion to its market value since it announced the cargo tie-up with Ford on May 25. Musk stated it would be “ideal” if Tesla’s chargers needed CCS adapters only to meet federal charging standards. However, this decision by Ford and GM is sending ripples through the EV industry, raising questions about the fate of struggling charging startups.
Effects on Charging Collection Companies
This announcement has already had negative impacts on charging companies such as EVgo, Blink Charging, and charging point holdings. Their actions have all fallen between 10% and 13% on Friday.
Expanding on the Future of EVs and Charging Infrastructure
The Biden administration’s ambitious plans to build EV chargers on roughly 7,500 miles of the country’s busiest highways is just the beginning of America’s dramatic transition towards a greener future, and more specifically, our transition towards electric-powered vehicles. Under current administration plans, EV battery cell production is slated to double by 2025 and triple by 2030 as well. All of which points to a future where electric charging infrastructure will continue expanding.
While EVs are fast gaining popularity in America, range anxiety still poses an issue. Publicly funded charging stations are few and far between, and the ones that exist aren’t always optimally placed. However, the government’s ambitious plan may be just what EVs need to become more comfortable and convenient for daily use. But it will not be enough to simply establish a network of EV chargers. Instead, to build a true last-mile solution, the government will need to focus its efforts on providing its citizens with ample places to charge their electric vehicles.
Why Upgrade Charging Stations?
In practice, the creation of EV charging stations means your average EV driver will be able to have greater peace of mind and fewer issues when traveling. For instance, in addition to increased charging options, EV drivers would have the confidence and freedom to take trips that exceed their vehicles’ battery ranges. Additionally, less stressed-out EV drivers could benefit from increased safety since their vehicles wouldn’t break down as often when their batteries run out.
The Future of Public EV Charging Facilities
Beyond building up the physical infrastructure needed for EV adoption, the charging sector is also showing tremendous growth, as seen in the increased adoption of subscription-based charging services. Subscription packages from charging services, such as Evgo, offer users unlimited access to charging stations for a flat fee.
In conclusion, the federal government’s plan to fund billions of dollars to the installation of EV charging stations that use Tesla standard plugs is a massive boost to the EV industry. The new infrastructure plans will ensure the reach of publicly accessible charging can go further than the confines of individual neighborhoods. It also helps make each charger, regardless of its provider, accessible to all EV drivers. As American transportation transitions towards EVs, charging stations will be essential. It will not only impact the success of EVs but could have strong impacts across the United States, driving energy independence, and promoting renewable energy growth.
Summary:
Electric Vehicle (EV) charging stations that use Tesla standard plugs will be eligible for federal subsidies worth billions of dollars as long as they also feature a national charging standard connection. This news comes following the announcements from Ford and GM stating they were adopting Tesla’s charging model, which is known as the North American Charging Standard (NACS). The White House plans to invest up to $7.5 billion to build EV charging stations on roughly 7,500 miles of the nation’s busiest highways. The administration’s flexible infrastructure plans will work to incorporate CCS and NACS to provide drivers with access to a minimum standard of CCS. This partnership between the US’s three largest automakers and the world’s most valuable automaker’s new infrastructure plans have raised questions about the fate of struggling charging startups. The new plans will provide more than 60% of the country’s EV market access to Tesla’s NACS. Subscription-based charging services such as Evgo offer users flat-fee access to charging stations, pointing to a steadily growing charging sector with the infrastructure needed for EV adoption.
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A Combined Charging System (CCS) socket for electric vehicles. (AP)
The White House said Friday that electric vehicle charging stations that use tesla standard plugs would be eligible for billions of dollars in federal subsidies as long as they also included the national CCS charging standard connection.
The statement follows Ford and GM announcements that they were adopting Tesla’s charging model, known as the North American Charging Standard (NACS), shaking up a charging industry that was apparently veering off toward the rival CCS connection with the help of federal subsidies.
This is the first time the Biden administration has directly connected Tesla to its efforts to spend up to $7.5 billion to build new high-speed vehicles. chargers on about 7,500 miles of the nation’s busiest highways.
Tesla’s network is more widespread and considered more reliable than the alternative combined charging system (CCS), which the government has tried to support with federal funds.
Tesla jumped 5% on Friday, with analysts calling the news from Ford and GM a big win that could make Tesla Superchargers an industry standard in the United States. Shares of GM and Ford rose 2% each.
“Earlier this year, we developed minimum standards to ensure publicly funded electric vehicle charging is accessible, reliable and affordable for all drivers, and we mandated interoperability to promote competition. Those standards provide flexibility to add CCS and NACS, provided drivers can count on a minimum of CCS,” White House spokeswoman Robyn Patterson said in a statement to Reuters.
Patterson said the goal is for every car to be able to use every publicly funded charger. “More drivers having access to more high-quality charging, including Tesla superchargers, is a step forward,” she said.
Earlier this year, the administration welcomed Tesla’s decision to open up its charging network to competitors, but stopped short of discussing how the company would participate in its charging efforts. The partnership between three of the largest US automakers ensures that more than 60% of the country’s EV market can access Tesla’s North American Charging Standard (NACS).
The Elon Musk-led company, already the world’s most valuable automaker, has added more than $200 billion to its market value since announcing the cargo tie-up with Ford on May 25.
Musk said in a tweet Friday that it would be “ideal” if Tesla’s chargers only need CCS adapters to meet federal charging standards.
The decision by Ford and GM is sending ripples through the electric vehicle industry, raising questions about the fate of struggling charging startups. Actions in collection companies such as charging point Holdings, EVgo Inc and Blink Charging all fell between 10% and 13% on Friday.
https://www.autoblog.com/2023/06/09/white-house-says-tesla-chargers-available-for-federal-dollars-as-long-as-they-include-ccs/
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