General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday.
GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of the top EV sellers in the North American market have now agreed on a standard for charging hardware. The agreement was announced by GM CEO Mary Barra and Tesla chief Elon Musk.
Investors applauded the deal, and the prospect of one charging hardware standard for the North American market. GM shares rose more than 4 per cent after the bell and Tesla shares rose 4 per cent.
