Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

GM Announces It’s Going To Use Tesla’s EV Charging Network - Sends Other EV Stocks Tanking
forbes.com ^

Posted on 06/12/2023 7:29:26 AM PDT by RoosterRedux

General Motors is going all-in with Tesla’s fast-charging EV network in a new partnership announced last week. The move, which follows a similar news piece from Ford last month, will see GM’s EV range fitted with Tesla chargers and give GM customers full access to the Tesla network.

The second announcement in favor of Tesla’s charging network in less than a month sent rival companies’ shares spiraling on Friday. It’s likely an overreaction, given there’s plenty of room for growth in the sector, and a standard charger is better for consumers, even if it means short-term pain for those in the biz.

[...]

In a Twitter Spaces event, GM CEO Mary Barra revealed the company would be partnering with Tesla to provide its customers with access to Tesla’s Supercharger EV charging stations. Tesla has the largest US infrastructure for fast EV charging, with around 17,000 ports currently operating.

GM will also follow in Ford’s footsteps and adopt the Tesla charger shape for all of its vehicles going forward. This now marks three of the significant EV suppliers in the US using one standard charging hardware design - Tesla, Ford and GM account for around 70% of the US EV market share.

At the live Twitter Space, Tesla CEO Elon Musk said the Supercharger network “will be an even playing field ... The most important thing is we advance the electric vehicle revolution." Barra commented that EV charging “just got a little better”.

The news comes after Ford announced in May it would also be collaborating with Tesla to take advantage of the latter’s EV network. It’s a bold move for rivals to work together, but ultimately if these companies can standardize their infrastructure, it’s another feather in the cap of boosting EV sales.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-64 next last

1 posted on 06/12/2023 7:29:26 AM PDT by RoosterRedux
[ Post Reply | Private Reply | View Replies]

To: RoosterRedux

Tesla once again outsmarts the competition and the US government that was pushing its own charger standard.

The Tesla charger port will become the standard despite the US gov’t pushing the J1772 port.


2 posted on 06/12/2023 7:32:29 AM PDT by Erik Latranyi (This is the end of the Republic....because we could not keep it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Erik Latranyi

Oh, Tesla was making big money from other automakers buying carbon credits from them.

That source of revenue is going away, so the chargers will be the new source of that revenue....and much more.


3 posted on 06/12/2023 7:34:12 AM PDT by Erik Latranyi (This is the end of the Republic....because we could not keep it.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RoosterRedux

Elon is the richest man again as well.


4 posted on 06/12/2023 7:34:58 AM PDT by Bayard
[ Post Reply | Private Reply | To 1 | View Replies]

To: RoosterRedux

Now if they could just collaborate with each other on cup holder size and include the cup industry into it life would be even better.


5 posted on 06/12/2023 7:38:19 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RoosterRedux

There is money to be made in building infrastructure for this stuff. Elon will make more billions by selling the EV version of “razor blades.”

Gillette makes much, much more money selling razor blades than they do razors.


6 posted on 06/12/2023 7:46:02 AM PDT by Vermont Lt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Erik Latranyi
The Tesla charger port will become the standard despite the US gov’t pushing the J1772 port.

This is really about the CCS level 3 fast charging standard, not the J1772 level 2 slower charging standard (like at home or some hotels). If I understand it correctly, this will require an adapter to allow charging a CCS car with the Tesla Supercharger, much like a Tesla Tap adapter lets you charge a non-Tesla at a hotel with a Tesla level 2 charger. The only difference being, until now, the Tesla super chargers' computers were configured to not activate unless is was talking to a Tesla.

7 posted on 06/12/2023 7:49:28 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Erik Latranyi

US Gov’t ==> Sony Betamax
Tesla ==> VHS


8 posted on 06/12/2023 7:50:07 AM PDT by alancarp (George Orwell was an optimist.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RoosterRedux

The percentage of EVs compared to overall vehicles, is still around 2%. The government is going to have to move fast to get the rest of the vehicle users to convert to EVs, if they want to attain anywhere close to 80% by 2035. All indications are that, Evs won’t even get close to 10% of the market, and perhaps not even 5% by 2035.

I’ll keep my ICE car, thank you.


9 posted on 06/12/2023 7:52:19 AM PDT by adorno
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vermont Lt
There is money to be made in building infrastructure for this stuff. Elon will make more billions by selling the EV version of “razor blades.”

On top of that, it allows Tesla to build up even more face carbon credits to sell to companies who are trying to get out of EPA purgatory. For example, for every gallon of gas a refinery makes they have to pay a carbon tax on it, unless they offset their "pollution" by buying carbon credits from Tesla or someone else. IIRC, it's about 75 cents for every gallon of gas made.

10 posted on 06/12/2023 7:53:03 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: RoosterRedux

I wonder how Tesla owners feel about this - their wait times for charging stations could increase considerably as cars by other makers start filling Tesla charging stations.


11 posted on 06/12/2023 7:54:10 AM PDT by AnotherUnixGeek
[ Post Reply | Private Reply | To 1 | View Replies]

To: RoosterRedux

It sounds like the automakers are not going to use the cell phone company charging cable business model. Think of all the money they are going to be losing out on selling adaptors and new chargers every model year change.


12 posted on 06/12/2023 7:57:15 AM PDT by shotgun
[ Post Reply | Private Reply | To 1 | View Replies]

To: shotgun

“Think of all the money they are going to be losing out on selling adaptors and new chargers every model year change.”

Samsung has been using USB-3 for 9 years.


13 posted on 06/12/2023 8:01:43 AM PDT by TexasGator
[ Post Reply | Private Reply | To 12 | View Replies]

To: Tell It Right
This is really about the CCS level 3 fast charging standard, not the J1772 level 2 slower charging standard (like at home or some hotels). If I understand it correctly, this will require an adapter to allow charging a CCS car with the Tesla Supercharger, much like a Tesla Tap adapter lets you charge a non-Tesla at a hotel with a Tesla level 2 charger. The only difference being, until now, the Tesla super chargers' computers were configured to not activate unless is was talking to a Tesla.

Both GM and Ford will be using the CCS adapter on vehicles starting next year.

The Tesla Superchargers software can be re-written remotely. Problem solved.

14 posted on 06/12/2023 8:02:32 AM PDT by Erik Latranyi (This is the end of the Republic....because we could not keep it.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Abathar

You would think YETI would make an insulated travel cup that would fit into the cup holder of my Toyota truck, but NOOOOO.


15 posted on 06/12/2023 8:02:43 AM PDT by woodbutcher1963
[ Post Reply | Private Reply | To 5 | View Replies]

To: AnotherUnixGeek
That's a good point.

On the other hand, this move by GM and Ford may mean that there will be a more rapid build-out of Tesla charging stations nationwide.

16 posted on 06/12/2023 8:03:03 AM PDT by RoosterRedux (See my FR homepage for a link to the entire Bible narrated by David Suchet on youtube. FREE!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: TexasGator

What about the 20 years before that. I got a drawer full of different cables.

I was pleasantly surprised that my new S23 used the same cable as my S8.


17 posted on 06/12/2023 8:03:09 AM PDT by shotgun
[ Post Reply | Private Reply | To 13 | View Replies]

To: Erik Latranyi
Both GM and Ford will be using the CCS adapter on vehicles starting next year.

GM and Ford EV's have been using the CCS protocol since they first started making Mach-e's and Lightning's.

18 posted on 06/12/2023 8:07:27 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: RoosterRedux

How did GM ever become so stupid? I think it was on Obama’s watch. He cast a spell and left a curse on them. They’ve got nothing to be proud of except for some of their history. Go on, get outta town!


19 posted on 06/12/2023 8:08:00 AM PDT by equaviator (If 60 is the new 40 then 35 must be the new 15.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RoosterRedux
 Viral Tesla With Gasoline Generator On The Back In Ukraine Might Not Be So Special

Is GM going to attach a generator to the back bumper as well?

20 posted on 06/12/2023 8:08:39 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-64 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson