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2023-02-16

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Tesla to Open U.S. Charging Network to Rivals in $7.5 Bln Federal Program

(Reuters) - Tesla Inc will open part of its U.S. charging network to electric vehicles (EVs) made by

Tesla to Open U.S. Charging Network to Rivals in $7.5 Bln Federal Program

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It will also offer 4,000 slower chargers at locations like hotels and restaurants.</p><p>A White House official said at a briefing that Tesla would be eligible for a subsidy - including retrofitting its existing fleet - as long as its chargers would allow other vehicles with a federally backed charging standard called CCS to charge.</p><p>The administration said Tesla has not committed to adopting CCS as its standard, but it must comply with the requirements to qualify for federal funds.</p><p>Neither Tesla nor Chief Executive Elon Musk responded to requests for comment.</p><p>Tesla has 17,711 Superchargers, accounting for about 60% of total U.S. fast chargers that can add hundreds of miles of driving range in an hour or less. There are also nearly 10,000 &#34;destination&#34; chargers with Tesla plugs that can recharge a vehicle overnight.</p><p>Opening up access to Tesla&#39;s network would be a quick win for an ambitious federal program to build 500,000 EV chargers by 2030, up from 130,000 currently.</p><p>In a conversation with senior government officials last year, Musk said &#34;his intent was to work with us to make his network inter-operable,&#34; White House National Climate Adviser Ali Zaidi said.</p><p>PLUG AND PAY</p><p>Companies that hope to tap the federal funding for this network must also use standardized payment options which require a single method of identification that works across all chargers, the administration said.</p><p>It said all EV drivers will be able to access these stations using the Tesla app or website.</p><p>To add non-Tesla owners may require a potentially different plug and method of payment.</p><p>&#34;Tesla does have a hardware and a software solution&#34; to allow for CCS, the White House official said.</p><p>Investors and U.S. EV enthusiasts have been waiting for action on chargers from Musk, who said in 2021 that the point of his charging network was &#34;not to create a walled garden and use that to bludgeon our competitors.&#34; The company has opened up some Superchargers in Europe and Australia to non-Tesla owners since 2021.</p><p>Analysts said the amount of federal funds at stake meant Musk had to either act on the plan or risk other charging companies, such as EVgo Inc and ChargePoint Holdings Inc, taking the market.</p><p>&#34;The amount of money involved in the National Electric Vehicle Infrastructure Formula Program provides a strong incentive for Tesla to adapt its strategy to include the installation of CCS ports,&#34; said Sam Houston, senior vehicles analyst at the Union of Concerned Scientists.</p><p>Chris Harto, a senior policy analyst at Consumer Reports, said, &#34;There is no doubt the $7.5 billion in federal charging investment threatens Tesla&#39;s competitive advantage. 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It will also offer 4,000 slower chargers at locations like hotels and restaurants.</p><p>A White House official said at a briefing that Tesla would be eligible for a subsidy - including retrofitting its existing fleet - as long as its chargers would allow other vehicles with a federally backed charging standard called CCS to charge.</p><p>The administration said Tesla has not committed to adopting CCS as its standard, but it must comply with the requirements to qualify for federal funds.</p><p>Neither Tesla nor Chief Executive Elon Musk responded to requests for comment.</p><p>Tesla has 17,711 Superchargers, accounting for about 60% of total U.S. fast chargers that can add hundreds of miles of driving range in an hour or less. There are also nearly 10,000 &#34;destination&#34; chargers with Tesla plugs that can recharge a vehicle overnight.</p><p>Opening up access to Tesla&#39;s network would be a quick win for an ambitious federal program to build 500,000 EV chargers by 2030, up from 130,000 currently.</p><p>In a conversation with senior government officials last year, Musk said &#34;his intent was to work with us to make his network inter-operable,&#34; White House National Climate Adviser Ali Zaidi said.</p><p>PLUG AND PAY</p><p>Companies that hope to tap the federal funding for this network must also use standardized payment options which require a single method of identification that works across all chargers, the administration said.</p><p>It said all EV drivers will be able to access these stations using the Tesla app or website.</p><p>To add non-Tesla owners may require a potentially different plug and method of payment.</p><p>&#34;Tesla does have a hardware and a software solution&#34; to allow for CCS, the White House official said.</p><p>Investors and U.S. EV enthusiasts have been waiting for action on chargers from Musk, who said in 2021 that the point of his charging network was &#34;not to create a walled garden and use that to bludgeon our competitors.&#34; The company has opened up some Superchargers in Europe and Australia to non-Tesla owners since 2021.</p><p>Analysts said the amount of federal funds at stake meant Musk had to either act on the plan or risk other charging companies, such as EVgo Inc and ChargePoint Holdings Inc, taking the market.</p><p>&#34;The amount of money involved in the National Electric Vehicle Infrastructure Formula Program provides a strong incentive for Tesla to adapt its strategy to include the installation of CCS ports,&#34; said Sam Houston, senior vehicles analyst at the Union of Concerned Scientists.</p><p>Chris Harto, a senior policy analyst at Consumer Reports, said, &#34;There is no doubt the $7.5 billion in federal charging investment threatens Tesla&#39;s competitive advantage. That is actually the entire point of the program.&#34;</p><p>Opening up its networks could expand funding and revenue for Tesla, but could also erode the brand&#39;s exclusivity and make it challenging for the automaker to manage the network, analysts said.</p><p>&#34;There is a strong likelihood that if they open the Supercharger network to other vehicles, their current excellent reliability rate will decline significantly,&#34; said Guidehouse Insights analyst Sam Abuelsamid.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2311433758","content_text":"(Reuters) - Tesla Inc will open part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to expand the use of EVs to cut carbon emissions, the Biden administration said on Wednesday.Such a move could help turn Tesla into the universal \"filling station\" of the EV era - and risk eroding a competitive edge for vehicles made by the company, which has exclusive access to the biggest network of high-speed Superchargers in the United States.By late 2024, Tesla will open 3,500 new and existing Superchargers along highway corridors to non-Tesla customers, the Biden administration said. It will also offer 4,000 slower chargers at locations like hotels and restaurants.A White House official said at a briefing that Tesla would be eligible for a subsidy - including retrofitting its existing fleet - as long as its chargers would allow other vehicles with a federally backed charging standard called CCS to charge.The administration said Tesla has not committed to adopting CCS as its standard, but it must comply with the requirements to qualify for federal funds.Neither Tesla nor Chief Executive Elon Musk responded to requests for comment.Tesla has 17,711 Superchargers, accounting for about 60% of total U.S. fast chargers that can add hundreds of miles of driving range in an hour or less. There are also nearly 10,000 \"destination\" chargers with Tesla plugs that can recharge a vehicle overnight.Opening up access to Tesla's network would be a quick win for an ambitious federal program to build 500,000 EV chargers by 2030, up from 130,000 currently.In a conversation with senior government officials last year, Musk said \"his intent was to work with us to make his network inter-operable,\" White House National Climate Adviser Ali Zaidi said.PLUG AND PAYCompanies that hope to tap the federal funding for this network must also use standardized payment options which require a single method of identification that works across all chargers, the administration said.It said all EV drivers will be able to access these stations using the Tesla app or website.To add non-Tesla owners may require a potentially different plug and method of payment.\"Tesla does have a hardware and a software solution\" to allow for CCS, the White House official said.Investors and U.S. EV enthusiasts have been waiting for action on chargers from Musk, who said in 2021 that the point of his charging network was \"not to create a walled garden and use that to bludgeon our competitors.\" The company has opened up some Superchargers in Europe and Australia to non-Tesla owners since 2021.Analysts said the amount of federal funds at stake meant Musk had to either act on the plan or risk other charging companies, such as EVgo Inc and ChargePoint Holdings Inc, taking the market.\"The amount of money involved in the National Electric Vehicle Infrastructure Formula Program provides a strong incentive for Tesla to adapt its strategy to include the installation of CCS ports,\" said Sam Houston, senior vehicles analyst at the Union of Concerned Scientists.Chris Harto, a senior policy analyst at Consumer Reports, said, \"There is no doubt the $7.5 billion in federal charging investment threatens Tesla's competitive advantage. That is actually the entire point of the program.\"Opening up its networks could expand funding and revenue for Tesla, but could also erode the brand's exclusivity and make it challenging for the automaker to manage the network, analysts said.\"There is a strong likelihood that if they open the Supercharger network to other vehicles, their current excellent reliability rate will decline significantly,\" said Guidehouse Insights analyst Sam Abuelsamid.","news_type":1},"isVote":1,"tweetType":1,"viewCount":577,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":105806907,"gmtCreate":1676507590698,"gmtModify":1676507593903,"authorId":3582756157113197,"author":{"id":3582756157113197,"authorId":3582756157113197,"name":"Jeffso","avatar":"https://static.tigerbbs.com/45c271a09ee55b5060316ef385a6b9d7","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9954570877,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}