GM and Ford don't want to be in the gas station business. They don't care who pumps the gas, which in this case is electricity for electric vehicles and they come to Tesla. That's exactly the point and we are seeing the legacy carmaker come to the leader Tesla. Let's see how big of a deal this is.
Yesterday's GM Tesla announcement shows that Tesla may have cornered the market on the EV charging station and Elon Musk may be checkmating legacy carmakers on EV charging stations. As some of you may already know yesterday Tesla and GM announced an agreement to expand access to Tesla's Supercharger network. In this report I am going to give you 10 important points about the significance of this collaboration between Tesla Ford and GM and explain their far-reaching consequences.
So now, GM, like Ford, will collaborate with Tesla to share Tesla's fast-charging EV network. Here are 10 important points for you and your decision-making on the GM Tesla announcement so you may be fully informed about this very important game-changing development in the automotive industry.
BREAKING: @Tesla CEO @elonmusk & GM CEO @mtbarra have reached an agreement for GM to adopt Tesla's North American charging standard & provide GM customers access to over 12k Tesla Superchargers across the US & Canada.Tesla's NACS is now the main standard for Tesla, GM & Ford. pic.twitter.com/WJmJ9ZkeqM— Sawyer Merritt (@SawyerMerritt) June 8, 2023
Tesla's charging port is a big deal because it will force other carmakers, including GM and Ford, to adapt to it.
GM and Ford don't want to rely on third parties for building EV charging infrastructure, so they are teaming up with Tesla to save time and money.
This collaboration puts Tesla in a dominant position in the EV charging market, leaving other charging startups at a disadvantage.
The partnership between GM, Ford, and Tesla could create a standardized charging system, similar to the iPhone and Android chargers.
GM and Ford are taking a shortcut by leveraging Tesla's expertise in charging networks and technology.
The transition to the Tesla charging standard may take time for other carmakers, but eventually, it could become the industry standard.
This collaboration can be compared to the VHS/Betamax rivalry, where one technology became dominant over the other.
Tesla's charging network checkmates other carmakers and establishes Tesla as the leader in the EV market.
The move towards a standardized charging system could benefit consumers in the long run.
The partnership between GM, Ford, and Tesla is surprising but advantageous for all parties involved.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.
