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EV Companies are moving to Tesla NACS Standard · Elon Musk Podcast

0:00
Hi everybody and welcome back to the show.
0:03
Today, we're going to explore a significant shift in the EV
0:07
market, the increasing adoption of Tesla's Supercharger network
0:11
by a growing roster of car brands.
0:14
And as Tesla's proprietary charging technology becomes more
0:17
accessible, we're poised to see a fundamental change in how EVs
0:20
are powered on the go. Now Tesla has created a vast
0:25
network of Superchargers. As we all know, that is now seen
0:27
as an asset by other car manufacturers and a money maker
0:31
for Tesla. Now these other brands are
0:33
slated to transition their E VS to be compatible with Tesla's
0:36
technology in the near future. And this move signals a pretty
0:41
big shift, promising to reduce range anxiety and streamline the
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user experience for EV drivers across the board.
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And at present, the world of EV charging is dominated by two
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different standards. The Combined Charging System,
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the CCS in the North American Charging standard and ACS, the
1:00
latter being Tesla's format. The CCS system, utilized by a
1:04
multitude of automakers, boasts high power charging capability,
1:08
but the number of available charging points lags behind
1:11
those equipped with an ACS. And Tesla's chargers have set a
1:14
pretty high bar for reliability, which is crucial.
1:17
As the EV market expands in the demand for dependable charging
1:21
solutions intensifies, Many existing and potential EV owners
1:25
grapple with the concern of finding available and
1:28
functioning charging stations during their travels.
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It's this issue that Tesla's widespread and reliable
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Supercharger network addresses. Tesla's willingness to open this
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network to other car makers could dramatically ease these
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worries and in doing so might accelerate the adoption of E VS
1:44
by offering a more user friendly charging infrastructure.
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Now the move towards Tesla Supercharge network commenced
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with Ford's decision to tackle the subpar charging experiences
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reported by its customers. Other automakers like GM and
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Subaru have since followed suit, indicating a broad industry
2:02
recognition of Tesla's networks value.
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And Tesla's strategy involves opening its network to these
2:08
brands, potentially transforming its charging solutions division
2:11
into a significant revenue stream.
2:14
And meanwhile, automakers are eager to resolve their customers
2:17
charging concerns without investing heavily in developing
2:20
their own infrastructures. However, this integration does
2:24
not come without its complexities.
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Now, the Biden administration's infrastructure bill earmarks
2:29
billions for expanding the EV charging network with a
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preference for the CCS standard, creating a potential clash with
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the auto industry's growing shift toward Tesla's NACS.
2:40
Additionally, questions about the compatibility of non Tesla
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vehicles with Tesla's chargers and the possible need for
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adapters remain at the forefront of customer concerns, and for EV
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owners, the details of how they will engage with Tesla
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Supercharger network are paramount.
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The timeline for integration is clear though.
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Starting in 2024, adapters will become available and from 2025
3:04
onwards new EV models will come equipped with Tesla compatible
3:08
charging ports. This presents a purchasing
3:11
consideration for consumers, who must decide whether to invest in
3:14
an EV now or wait for the more seamless charging experience
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promised in the near future. There's also the matter of cost.
3:22
Using Tesla Superchargers will likely incur a fee for non Tesla
3:26
drivers in. The price of necessary adapters
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may add to the upfront cost of owning an EV, and despite these
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financial considerations, the prospect of accessing Tesla's
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robust Supercharger network is poised to be a strong selling
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point for EVs, providing a more unified and user friendly
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charging experience. And as we approach this
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transition, the integration of Tesla's charging network across
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various car brands is more than an upgrade.
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It's a strategic move for Tesla towards a more interconnected
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and user centric EV ecosystem and Tesla is taking a large
4:02
chunk of revenue for this in the future.
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I'm sure now mainstream brands and luxury vehicles in this
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industry is coming to a solution that promises to alleviate one
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of the most significant barriers to EV adoption, the range
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anxiety people feel if they want to leave their hometown.
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And this shift stands to redefine the driving and
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charging experience for millions of EV owners, but also serves as
4:28
a step in advancing sustainable transportation.
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Now thank you so much for listening to this kind of
4:33
shortish episode of the Elon Musk podcast today.
4:37
I make sure to create under 10 minute episodes for you so you
4:41
can be caught up with the latest EV, Tesla and Elon Musk news
4:47
every single day. We'll be back tomorrow with a
4:48
longer episode, I promise. And if you found today's topic
4:52
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4:55
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5:05
episode is concise. There's no fluff here and this
5:09
will ensure you can stay informed on the go.
5:13
And thank you again for joining us today.
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I look forward to sharing more insights in the next episode
5:19
tomorrow.