White House announces Tesla chargers will be available in federal dollars as long as CCS is included

Combined Charging System (CCS) plug Electric car. (Associated Press)

The White House announced Friday that electric vehicle charging stations are using: Tesla Standard plugs are eligible for billions of dollars in federal subsidies as long as they also include a country’s CCS charging standard connection.

Here is the statement Ford’s and GM’s The announcement that it would adopt a Tesla-model charger known as the North American Charging Standard (NACS) shocked the charging industry, which was trying to drift towards a competing CCS connection with the help of federal subsidies.

This is the first time the Biden administration has directly linked Tesla to an effort to spend up to $7.5 billion to build a new high-speed rail line. charger Drive approximately 7,500 miles of the busiest highways in the United States.

Tesla’s network is believed to be more widespread and reliable than the alternative combined charging system (CCS) that the government is seeking to fund with federal funding.

Tesla surged 5% on Friday, with analysts saying news from Ford and GM was a big win that could make Tesla’s supercharger the industry standard in the US. GM and Ford shares rose about 2% each.

“At the beginning of the year, we developed minimum standards to ensure that publicly funded EV charging is available, reliable and affordable for all drivers, and we established mutual agreements to promote competition. We asked for operability: these criteria give drivers the flexibility to add both CCS and NACS wherever possible, “we expect a minimum of CCS,” White House’s Robin Patterson said. A spokeswoman said in a statement to Reuters.

Patterson said the goal is for all vehicles to be able to use all publicly funded chargers. “It’s a step forward to make higher quality charging available to more drivers, including Tesla’s Supercharger,” she said.

Earlier this year, the administration applauded Tesla’s decision to open up its charging network to competitors, but stopped short of discussing how the company would get involved in the charging effort. A partnership between the three major U.S. automakers will give more than 60% of his EV market in the country access to Tesla’s North American Charging Standard (NACS).

Already the world’s most valuable automaker, the Elon Musk-led company has added more than $200 billion to its market value since announcing a charging partnership with Ford on May 25.

In a tweet on Friday, Musk said it would be “ideal” for Tesla’s chargers to require only CCS adapters to meet federal charging standards.

Ford and GM’s decisions are sending ripples through the EV industry, calling into question the fate of struggling charging startups.stocks of charging companies such as charge point Holdings, EVgo Inc and Blink Charging fell 10-13% on Friday.