Rivals Tesla and Ford join forces to expand EV charging (Video)

well shifting gears now to the world of electric vehicles in late May a Ford jolted the EV charging space after its game-changing agreement with its rival Tesla affords and EV customers will be able to use thousands of Tesla superchargers starting next spring now the recent deal putting two of the biggest U.S auto companies on Tesla's charging Network and process really raises the questions just about the future of EV charging and what could potentially maybe be the standard if it's going to be Tesla superchargers I mean this deal was announced ahead of the late like the holiday weekend so really it was surprising timing people were surprised by the actual move itself for joining Force which essentially is his rival Tesla there starting next year they'll be able to use four EVS using the Tesla Supercharger Network which is 12 000 superchargers in the US and then in 2025 even bigger news all new 40vs will have the Tesla Macs or North American charging standard plug natively built into that car meaning that car will be able to go to any any supercharger without an adapter and started using those uh natively right away so a big deal in the sense that these two Rivals joined forces together uh GM uh sorry Ford Co Jim Farley said this is a good move because they think their customers are complaining about reliability and ease of use and the Tesla network has those kind of situations solved they're very reliable they're always working and they have plenty of actual charges so I see why they did it for Tesla itself also a good move um it unlocks some incremental revenue for them that's what Goldman analyst said maybe one in three billion dollars in Revenue down the line when this is kind of up and coming up and going and other manufacturers May hop in on there so it makes sense from both sides but big question is what happens to the universal CCS standard that you see right there that GM and other people use what do you think happens to that because I think that's a big question that everyone's asking right now because there has been this massive push obviously for a universal charging experience yet you still have two big players there's two two very different ways to charge EVS which you would think could potentially limit adoption at some point yeah I mean this is sort of a Bloomberg writer said this is like a betamax versus VHS situation they were the two competing standards before this four deal I would have said the CCS Universal standard will probably be the main one Tesla will live on its own world like it's always been doing that for over the past 10 years but now with four joining force with them it makes really kind of think it's possible maybe a Hyundai or a Kia something like that says you know what we want to actually hop on that service too and not Rely Upon Our Own Cobble together networks of like chargepoint uh evgo elect by America all these different players that you sort of don't work together very well why not use that Macs standard that seems to work well Tesla is offering that they're saying we want to open it up so there is a possibility for that to be the next standard we will see how this all plays out all right well coming up next