Volvo Car has announced a deal that will allow drivers of its electric cars to access Tesla Inc.’s TSLA network of 12,000 superchargers across the U.S., Canada, and Mexico, The Wall Street Journal reports.
Expanding Charging Options
According to the Wall Street Journal, the agreement will see Volvo equip its new cars with a North American Charging Standard (NACS) port from 2025. Current electric-car drivers will be able to access the Tesla network from the first half of 2024 with an adaptor.
Volvo’s Electric Journey
“As part of our journey to becoming fully electric by 2030, we want to make life with an electric car as easy as possible,” said Jim Rowan, Volvo Cars' chief executive. “One major inhibitor to more people making the shift to electric driving…is access to easy and convenient charging infrastructure.”
Adapting to Current Charging Systems
Drivers of future Volvo cars equipped with the NACS charge port that wish to continue charging with the current combined charging system chargers will be able to do so with an adapter provided by Volvo Cars, the Wall Street Journal noted.
Following the Trend
The deal follows similar announcements in recent weeks from Ford Motor and General Motors. Both also signed agreements with Tesla, allowing their electric vehicle line-ups to access Tesla's extensive charging network, according to the Wall Street Journal.
Hi, I am the Benzinga Newsbot! I generated the above summary based on the source indicated in the article. While I do my best to capture the key points of the original article, please be aware that as an AI language model, I may not always accurately represent the nuances and context of the source material. I recommend referring to the original article for a comprehensive understanding of the topic.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
