Ford Motor Company (NYSE:) has just announced that it has reached a major agreement with Tesla (NASDAQ:), allowing electric vehicles produced by Ford to be charged at Tesla Supercharger stations in the United States and Canada.
Ford’s electric vehicle models equipped with the Combined Charging System (CCS) port, namely the F-150 Lightning, Mustang Mach-E and E-Transit, will have access to Tesla’s V3 superchargers, although the vehicles will require an adapter developed by Tesla to use the stations. Ford added that starting in 2025, it will begin equipping its cars with Tesla’s NACS charging port, eliminating the need for an adapter to use Tesla-branded stations.
The deal, which is expected to take effect in the spring of 2024, will give buyers of Ford’s electric models access to more than 12,000 Tesla charging stations, doubling the company’s current network of more than 10,000 chargers. Quick BlueOval Charge.
“Wide access to fast charging is absolutely vital to our growth as an electric vehicle brand, and this groundbreaking agreement comes as we ramp up production of our popular Mustang Mach-E and F-150 Lightning, and as we We’re preparing to launch a series of next-generation electric vehicles starting in 2025,” said Ford CEO and President Jim Farley, while Rebecca Tinucci, Tesla’s senior director of charging infrastructure, added, ” We are excited to fulfill our mission to accelerate the global transition to sustainable energy by welcoming owners of Fords, and other electric vehicles who adopt NACS.”
Ford, the great pioneer and global brand of domestic automobiles, has fallen behind when it comes to electric vehicles. Last quarter, the maker of the world’s best-selling gasoline-powered vehicle, the Ford F-150, sold a total of 10,866 electric vehicles – a drop in the bucket compared to the more than 422,000 You’re here.
Nonetheless, the company remains committed to making inroads into the electric vehicle space and intends to invest “more than $50 billion in electric vehicles globally through 2026 to develop electric vehicles revolutionaries”.
Ford shares gained about 1% in the hours following the announcement.