General Motors is going all-in with Tesla’s fast-charging EV network in a new partnership announced last week. The move, which follows a similar news piece from Ford last month, will see GM’s EV range fitted with Tesla chargers and give GM customers full access to the Tesla network.
The second announcement in favor of Tesla’s charging network in less than a month sent rival companies’ shares spiraling on Friday. It’s likely an overreaction, given there’s plenty of room for growth in the sector, and a standard charger is better for consumers, even if it means short-term pain for those in the biz.
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