Hyundai Motor North America announced that it is adopting Tesla’s North American Charging Standard (NACS) connector for its electric vehicles (EVs) in the United States and Canada. In the United States, all new or refreshed Hyundai EVs will come exclusively with a NACS connector, beginning Q4 2024. Canada will follow in 2025.
Hyundai’s news is the latest in a string of similar announcements by automakers that include Ford, General Motors, Honda, Volkswagen, Mercedes Benz, Volvo, and Polestar. The draw of access to Tesla’s 12,000 strong Supercharger network across the United States, Canada, and Mexico is the main driving force behind adoption. Competing with standardization around the CCS connector for DC fast charging, Tesla’s connector is twice as powerful, offering AC charging as well as DC charging up to 1MW.
It’s still unclear if Tesla will introduce a licensing fee in the future, either to other automakers or EV charging station manufacturers. Its revenue stream will certainly increase from the additional users of its Superchargers. The widespread future rollout of Tesla charging connectors in North America over the next decade now appears to be a “when” rather than an “if” offering ubiquity for the volume adopters across the ecosystem.
SAR’s EV Charging Service forecasts the public charging station rollout in more than 50 countries globally by connector type across the next 10 years.
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