Tesla's deal with Ford is likely the first of many it will arrange that both aid rivals’ EV plans and generate additional revenue from its existing infrastructure.
Ford, which is working to grab electric vehicle market share from Tesla, said it struck a deal to give its EV customers access to more than 12,000 of Tesla’s fast-charging stations in the U.S. and Canada starting early next year.
Jim Farley, CEO of Dearborn, Michigan-based Ford, said owners of its F-150 Lightning pickup, Mustang Mach-E sports car and E-Transit vans will be able to start using Tesla’s charging network once a new adapter they’ll need goes into production in 2024. That gives customers more than double the charger access they have with Ford’s current charging network.
“We think this is a huge move for our industry and for all electric customers,” Farley said in a Twitter Spaces conversation Thursday with Elon Musk, CEO of both Tesla and Twitter. Ford’s next-generation EVs, due starting in 2025, will use a different type of plug that no longer requires an adapter. “We don't have as many EV customers as you do, but we still have plenty,” he told Musk.
The deal with Ford is likely the first of many Tesla will arrange in an generate greater additional revenue. It comes after Tesla said in February that it intended to make at leastin its network available to competitors to help hit the Biden Administration’s goal of having 500,000 charging stations available to owners of any EV by 2030. Depending on location, Tesla customers pay between 25 cents and 50 cents per kilowatt to use its Supercharger stations.
Tesla operates more than 40,000 EV chargers globally, including 17,000 in the U.S., which only its owners can use. Ford said its BlueOval Charge Network has become North America’s largest public charging network, with more than 84,000 chargers. Its dealers plan to add 1,800 more DC fast-chargers and locations by next year.Follow me on
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