Investing
Toyota to adopt Tesla EV charging standard from 2025
© Reuters. FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo
(Reuters) -Japan’s Toyota Motor (NYSE:), the world’s largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla (NASDAQ:)’s electric-vehicle charging technology from 2025.
Ford Motor (NYSE:), General Motors (NYSE:) and Nissan (OTC:) are among the other automakers that have adopted Tesla’s North American Charging Standard (NACS), taking the Elon Musk-led company’s superchargers closer to becoming the industry standard at the expense of the rival Combined Charging System (CCS).
The Japanese automaker will incorporate the NACS ports into certain Toyota and Lexus battery-electric vehicles (BEVs), including the new Toyota SUV that will be assembled at its manufacturing plant in Kentucky.
Existing owners of Toyota and Lexus vehicles equipped with CCS will be offered access to an adapter to enable NACS charging, also starting 2025.
Tesla’s NACS is widely available, with the U.S. Department of Energy saying they make up about 60% of the fast chargers in the United States.
The rival CCS system is backed by automakers including Volkswagen (ETR:), though the German company has held talks with Tesla about adopting the NACS.
Read the full article here
-
Personal Finance6 days ago
If you are 60 years old, new 401(k) rules could save you money
-
Investing5 days ago
Bank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports By Reuters
-
Side Hustles4 days ago
LA Rental Prices Skyrocketing Despite Price Gouging Laws
-
Side Hustles4 days ago
How to Craft Marketing Campaigns That Reach Multiple Generations
-
Side Hustles6 days ago
FileJump Offers 2TB of Cloud Storage for $70—With No Strings Attached
-
Make Money6 days ago
10 Easy Ways to Earn Cash Right Now
-
Side Hustles5 days ago
Former Zillow Execs Target $1.3T Market
-
Investing6 days ago
It’s Time to Rewrite Your Company’s Values — Here’s How