With the electric vehicle market continuing its steady growth, a few potential snags remain on the minds of many potential consumers, such as range and the availability of public chargers. In an effort to help remedy these anxieties, General Motors has partnered with Tesla to secure access to the latter’s expansive Supercharger infrastructure. Now, GM Chair and CEO Mary Barra has revealed that this decision is saving the Detroit-based automaker $400 million dollars.
According to a report from CNBC, Barra went on record to say that the charging deal The General signed with Tesla will save the automaker up to $400 million of a planning investment in building EV charging stations in the U.S. and Canada.
For reference, GM announced back in 2021 that it will invest $750 million into electric vehicle charging infrastructure in the United States and Canada.
“We think we can save up to $400 million in the original three-quarter of a billion dollars that we allocated to this, because we’ve been able to do it faster and more effectively,” General Motors Chair and CEO Mary Barra was quoted as saying. “We’re really looking for ways that we can be more capital efficient, as we go forward.”
As context, General Motors recently announced that this new partnership with Tesla will allow GM EV drivers to access 12,000 Tesla Superchargers across North America starting early next year. In fact, beginning early 2025, GM electric vehicles will be built with an NACS (North American Charging Standard) inlet that will provide direct access to the Supercharger plug without the need for an adapter. Until then, GM EVs will require an adapter to access the Supercharger network.
Moving forward, General Motors will integrate the Supercharger network into its infotainment and mobile apps, allowing drivers to exploit the charging infrastructure more seamlessly.