Ford EV Owners To Get Access To Tesla Supercharger Network Next Spring

All of Ford Motor Co's current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the US and Canada starting next spring.

Ford CEO Jim Farley and Tesla CEO Elon Musk announced the agreement Thursday during a Twitter Spaces audio chat.

We think this is a huge move for our industry and for all electric customers, Farley said.

Musk said he didn't want Tesla's network to be a walled garden and that he wants to use it to support sustainable transportation.

It is our intent to do everything possible to support Ford and have Ford be on an equal footing at Tesla Superchargers, Musk said.

Farley said there will be a cost to Ford owners, perhaps a monthly subscription, but he didn't give specifics. Details of any financial arrangement between Ford and Tesla were not announced.

At first, Ford's current electric vehicles will need an adapter to hook into the Tesla stations, which have their own connector. But Ford will switch to Tesla's North American Charging Standard connector with its second-generation EVs starting in 2025, Farley said.

Ford said Tesla's connector is smaller and lighter than those in use by other automakers.

Farley said Tesla's Superchargers have great locations.

We love the locations. We love the reliability, he said. They will join Ford's own Blue Oval charging network which has about 10,000 fast-charging stations, he said.

Ford EV owners will be able to access the Tesla chargers seamlessly with Ford's app, Musk said.

Tesla has about 17,000 Supercharger stations in the U.S. There are about 54,000 public charging stations in the U.S., according to the Department of Energy, but many charge much more slowly than the Tesla stations.

The Ford-Tesla deal is separate from a plan to open part of Tesla's charging network to all EVs.

The White House announced in February that at least 7,500 chargers from Tesla's Supercharger and Destination Charger network would be available to non-Tesla electric vehicles by the end of 2024.

The chat between Musk, who last fall bought Twitter for $44 billion, and Farley came off without the embarrassing technical glitches that plagued Florida Gov. Ron DeSantis' announcement Wednesday that he was running for president.

With Musk, DeSantis released the news that he would seek the Republican nomination, but the chat was delayed by glitches for nearly a half hour. Musk blamed it on straining of servers because so many were trying to listen in.

The Farley-Musk chat had a much smaller audience, than DeSantis, about 18,000 listeners at the start.

The number on the DeSantis chat topped out at 420,000, far from the millions who have watched televised presidential announcements. After the problems were fixed, the audience remained under 500,000.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more