On Tuesday, the automotive industry group of engineers that evaluates standards said Tesla’s (TSLA.O) electric-vehicle charging system is being fast-tracked for U.S. standardization.
Tesla’s charging technology is growing. Volvo joined General Motors (GM.N), Ford (F.N.), and Rivian (RIVN.O) in adopting Tesla’s charging architecture on Tuesday, rejecting the Biden administration’s push for the Combined Charging System (CCS).
Tesla calls their technology “the North American Charging Standard (NACS),” however, it is not yet a U.S. standard.
Tesla rose 2.3% Tuesday.
“The new SAE NACS connector standard will be developed on an expedited timeframe and is one of several key initiatives to strengthen the North American E.V. charging infrastructure,” SAE International, an engineering standards body, stated Tuesday.
According to NREL, a federally financed research institution, the U.S. will build 1.2 million electric-vehicle public chargers, including 1 million Level 2 charges, by 2030. The study did not distinguish NACS from other connectors.
This exceeds the Biden administration’s 2030 goal of 500,000 public chargers.
The NREL study estimates $33 billion to $55 billion in public and private capital investment to build the public charging network.
“More interoperable, and ultimately a more accessible set of chargers across the country,” White House national climate adviser Ali Zaidi told Reuters on Tuesday.
The White House announced electric-vehicle charging stations with Tesla-standard outlets and CCS would be eligible for billions of dollars in federal incentives.
Texas and Washington will require the NACS and CCS under the federal program.
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