Electric vehicle charging companies, including ChargePoint Holdings Inc., Blink Charging Co., Wallbox NV, and Tritium DCFC Ltd., have announced plans to offer compatible equipment with Tesla Inc.’s North American Charging Standard.
This move solidifies Tesla’s charging technology as the U.S. standard and highlights the industry’s shift towards a single charging standard. General Motors Co. and Ford Motor Co. have also agreed to adopt standardized NACS ports in their future models.
This shift towards a single standard will instill greater confidence in consumers considering an electric vehicle, knowing they will be able to find places to top up their batteries. It also serves as a means by the charging industry to keep Tesla from capturing too much of the fast-growing business.
“Ultimately, the charging companies will provide an option to stay relevant and not lose market share,” said BloombergNEF analyst Ryan Fisher. “The other car manufacturers may not want to embolden Tesla further, so they are in boardrooms right now deciding what to do.”
According to a recent report by Piper Sandler & Co, Tesla stands to make an additional $3 billion in revenue by 2030 and over $5.4 billion in 2032 from non-Tesla vehicle owners.
ChargePoint, the manufacturer of charging equipment, has announced the development of a NACS charging adapter that was in production before being adopted by Ford and GM for their future EVs. The company has now decided to offer a compatible charger on its current product line. Additionally, Wallbox has confirmed that it also intends to begin offering NACS compatible charging equipment for its Supernova fast charger.
Blink, the provider of charging stations plans to launch its fast charger worldwide, equipped for both CCS and NACS use.
Source: Transport Topics
