Tesla Could Make An Extra $3B In Revenue With Supercharger Network
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As GM Authority previously reported, General Motors recently signed an agreement with EV rival Tesla to access the latter’s extensive Supercharger network by early next year. While the deal is projected to save the Detroit-based automaker up to $400 million, Tesla is also expected to greatly benefit from these types of arrangements.
According to a report from Bloomberg, Tesla could potentially earn as much as $3 billion by 2030 thanks to various deals with automakers for access to its Supercharger infrastructure. In fact, after the aforementioned agreement with GM, Tesla’s charging model is now considered the standard across the U.S. market, thus increasing pressure on competitors to distance themselves from the Combined Charging System (CCS). However, Tesla’s Supercharger network must also offer CCS to benefit from federal subsidies.
“Other brands will be forced to join this consortium, effectively establishing Tesla’s ‘North American Charging Standard’ as the preferred approach for EV charging – at least in the United States,” one analyst was quoted as saying.
It’s worth noting that neither General Motors nor Tesla have officially released revenue details. However, several analysts project that Tesla could earn as much as $5.4 billion from non-Tesla owners by 2032.
For reference on the recently announced GM-Tesla charging deal, General Motors electric vehicle drivers will be able to use Tesla’s Supercharger network starting early 2024. With this increased access to charging stations in mind, GM electric vehicles will be built with an NACS (North American Charging Standard) inlet beginning early 2025. This inlet will allow for direct access to the Supercharger plug with the need for an adapter. In the interim, GM EVs will need an adapter to charge at Supercharger stations.
Furthermore, The General will soon begin to integrate the Supercharger network into its infotainment and mobile apps, allowing for a more streamlined usage of the charging infrastructure.
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Wait till Stellantis jumps onboard , there’s gonna be some pretty long wait times at super chargers , just saying . And can you image the Tesla fan boys having to wait while a ford , gm or stellantis is utilizing the space … 😂
@Meme
As a Tesla driver I am not concerned at all about Stellantis. Do they even sell an EV?
Yeah they will be taking soooooo many Stalls HaHa
very easy elon musk do… people buy many their cars… see daily in streets… he can stll play a lot with space X rockets and blow them out …
What are Teslas plans to increase the number of chargers?
I’m sure that’s why they agreed to it. Tesla drivers won’t be happy waiting in longer lines.
When and where and at what cost, can I get an adapter to use the Tesla Supercharger to charge my Chevy Bolt EV at full L3 speed (50kW)?
This is great! The more EV’s on the road the cheaper liquid fuel will be as demand for it falls.
No. As economies of scale decline, the prices of petroleum products will rise to cover fixed production costs and maintain profit margins for Big Oil. Moreover, as U.S. dependence on oil declines, federal subsidies – which keep U.S. gas prices artificially low – will be phased out or eliminated. Gas prices are going to rise steeply after about 2030.
We shall see, it depends on the general public’s acceptance of forced EV conversion, so far it’s not going well. Plus, trucks will still likely be available in ICE configurations. Hopefully the consumer wins over forced government mandates.
I’m consumer, and I want an EV. So are the increasing numbers of people buying EVs. Clean, efficient, fast, and nearly zero maintenance costs. I know not everyone agrees with me, but I don’t blame it on a government conspiracy. Neither should you. This change is market driven. Government subsidies for EV buyers pale next to the subsidies received by oil and gas producers and related industries over the last 50 years. But, as you say, we shall see.
The only reason most consumers would want an EV is because of subsidies. You and a few may be the exception, and there’s nothing wrong with that, but EV wouldn’t be on most peoples radars without an incentive. Incentives really are no different that putting a discount on the hood of an ICE vehicle.
It is not market driven, it is government mandate driven via rebates, incentives, and environmental regulations and mandates. Furthermore, the emissions are simply transferred from the tailpipe to the smokestacks. If people want them that’s fine, just force me to buy one or subsidize someone else’s.
Bad move by GM to subsidize one of their competitors. They should have cut a deal with Buccee’s that would have made money for them. Mary Barra is two fries short of a happy meal.
are we a little shortsighted? We need a standard for charge ports just like our gas and diesel vehicles do. 12000 telsa chargers mostly on the coasts is a drop in the bucket of what we’ll need in seven years ,but it is a better set up than ccs which is why the industry has chosen it for their standard.
OK, Now GM will continue to build supercharging networks using this format. Tesla EV owners will be able to charge their autos at the supercharging stations that GM will build. Now GM will earn revenue from Tesla owners too.
According to the Hearings on Capital Hill, Auto Industry Experts are telling Congress that their information from Dealers & Salesmen is that No Body comes in Looking For an EV. Go Figure?
Mary decided if you can’t beat them, join them.
Giving Tesla lots of cash to stay the leader in EVs.
Mary’s talk of beating Tesla looking more and more like BS.