Tesla plans to open its charging network to other electric vehicles later this year

July 20 (Reuters) – Tesla Inc (TSLA.O) plans to open its compressor network to other electric vehicles later this year, CEO Elon Musk said on Twitter.

The electric car maker’s fast-charging network, with more than 25,000 compressors worldwide, has given it a competitive advantage. Meanwhile, other automakers have formed alliances or invested in network startups as they rush new entrants into the electric vehicle market.

“We are opening up our network of superchargers to other electric vehicles later this year,” Musk said Tuesday, adding that over time, Tesla’s charging network will be open to other electric vehicles in all countries. (https://bit.ly/3xVK1rt)

Germany’s transport minister said last month he was trying to convince Tesla to open up its charging network to other car makers to make it easier for electric vehicle drivers to charge. (https://reut.rs/3Bn8wA0)

In the United States, President Joe Biden’s administration passed a bipartisan Senate deal late last month to spend $ 1.2 trillion on infrastructure projects, including $ 7.5 billion on the electric vehicle infrastructure, including charging stations. (https://reut.rs/3roxfiH)

Charging companies such as Blink Charging Co (BLNK.O), EVgo Inc (EVGO.O), ChargePoint Holdings Inc (CHPT.N) and Volkswagen’s Electrify America (VOWG_p.DE) are also building charging networks through the United States.

Improving charging infrastructure in the United States could encourage more Americans to buy electric vehicles, giving General Motors (GM.N) and Ford Motor (FN) the fuel they badly need in the battle against Tesla .

Report by Chavi Mehta in Bangalore; Editing by Shounak Dasgupta

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