JARYL
2023-06-21
$Tesla Motors(TSLA)$ 

Texas says state-funded EV charging stations need to include Tesla’s NACS connector. Texas says it will require state-funded electric vehicle charging stations to have a connector for Tesla’s North American Charging Standard (NACS). The news comes as automakers such as Ford, GM and Rivian shift to adopting the NACS and away from the Combined Charging System (CCS).The Texas Department of Transportation told Reuters that the automakers’ move to NACS prompted the requirement for EV charging companies to install NACS connectors if they want to be included in a state program that involves federal funding. DC fast chargers in the state will still need to have a CCS connector to obtain federal dollars through the program.The US Department of Transportation has earmarked up to $7.5 billion in funding for high-speed charging stations along highways. It said EV charging companies would need to include a CCS connector, and now Texas is adding another requirement. States are free to add extra provisons as long as they abide by the federal rules.Tesla said last year it would open source the NACS in the hopes of getting other automakers to adopt it. Tesla has the largest slice of EV charging infrastructure in the US — it claims its more than 21,000 Supercharger points account for around 60 percent of the country’s fast-charging stations. In the last several weeks, GM and Ford announced they would offer owners of their vehicles (which currently use CCS) an NACS adapter before fully embracing that standard in future models. Rivian followed suit with a similar announcement this week. EV charging companies such as ChargePoint and EVgo have said they’re looking into adding NACS to their charging points. As Reuters notes, Texas’ move may prompt other states to push EV charging companies to include an NACS connector. The report suggests that states including California, Michigan and Iowa are reviewing the state of the charging market, while at least one other is said to be considering an incentive for companies to include an NACS port.

Texas says it will require state-funded electric vehicle charging stations to have a connector for Tesla's North American Charging Standard (NACS). The news comes as automakers such as Ford, GM and Rivian shift to adopting the NACS and away from the Combined Charging System (CCS). [Cool] [Miser] 

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Comments

  • wigglyz
    2023-06-27
    wigglyz

    There is NO competition. Ford and GM are way behind. They started late and are having a tough time catching up with Tesla. Ford laying off EV engineers tells me there is a huge issue at Ford.

  • vippy
    2023-06-27
    vippy

    Tesla has huge plans for artificial intelligence all these downgrades are proof that big Banks want to buy more shares cheaper don't sell buy more!

  • bubblyx
    2023-06-27
    bubblyx

    Tesla is the only EV company that will be making money. Why? Ford is cutting engineers across all three of it's businesses (ICE, commercial vehicles, and EVs).

  • nimbly
    2023-06-27
    nimbly

    Looks like the end of Ford will be near sooner then later. If they have to cut engineers, then something is really wrong.

  • frosti
    2023-06-27
    frosti

    Goldman Sachs upgraded Tesla to $248. Currently $239. Up tmw.

  • zinglee
    2023-06-27
    zinglee

    If TSLA closes below 240 tomorrow, the high from last Tuesday is in place and this bird is cooked.

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