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.