Electric vehicle charging supplier, BTC Power, has announced plans to integrate Tesla’s electric vehicle charging standard into its charging stations by next year. This news comes in the wake of similar commitments by automotive giants, Ford and General Motors, and EV startup Rivian.
BTC Power, which provides charging services to clients such as 7-Eleven and various fleet operators, is the fourth large-scale fast charger manufacturer to adopt Tesla’s charging standard. It follows in the footsteps of ABB E-mobility North America, Tritium DCFC, and SK Signet.
The creation of a widespread electric vehicle (EV) charging network is seen as a vital step in allaying range anxiety among potential EV buyers, thereby encouraging the switch from traditional gasoline-powered vehicles. BTC Power’s decision is a significant boost to Tesla’s ambition to lead the growing EV charging industry.
CEO of BTC Power, Frank Meza, expressed optimism about the new move, stating that the inclusion of the North American Charging Standard (NACS) connector will negate the need for unreliable adapters, ensuring a smooth experience for drivers, reports Reuters.
Based in Santa Ana, California, BTC Power has sold over 22,000 chargers, more than half of which are high-speed. Its clientele spans charge point operators, fleets, and retailers, including Electrify America, Ford, and Amazon.com.
The White House, in its push to promote widespread charger deployment, declared this month that EV charging stations incorporating Tesla plugs would be eligible for substantial federal subsidies, given they also offer CCS connectivity.
In response, numerous charger manufacturers and CCS operators, such as EVgo and Chargepoint, have hurried to announce their adoption of NACS, despite certain reservations, in an effort to attract Tesla users and mitigate potential losses if only CCS is offered.
Tesla shares saw a 5% boost on Tuesday and have more than doubled since the beginning of the year. Rivian’s shares, in contrast, have dropped 19% this year despite a 5.8% rise on Tuesday.