It’s not often that a corporation can reshape an entire industry with a single decision. Now, Tesla TSLA, +5.67% is doing exactly that by opening its proprietary Supercharger network to rival manufacturers’ electric vehicles .
In this mosaic of charging systems, Tesla’s Supercharger network stands apart due to its expansive reach and superior user experience. Its infrastructure, facilitated by NACS, has steadily grown, spanning countries and offering reliable, fast charging for Tesla users. In the U.S., for example, a Tesla driver can practically traverse the continent, knowing that a Supercharger station is never too far away.
The validation from major automakers sets up a new, lucrative, revenue stream for Tesla. By opening its Supercharger network to non-Tesla EVs, the company is set to monetize consumed energy. Given the unmatched charging experience and the unparalleled convenience that Tesla’s Superchargers offer, it’s plausible that the energy dispensed at these stations will command a premium.
Also, let’s not forget U.S. government incentives. The Biden administration has pledged substantial funds for EV-charging infrastructure. By opening up its Superchargers, Tesla is likely to qualify for a chunk of this funding.
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