The bongino report

Biden Admin Dangles Nearly $8 Billion Tesla Subsidy If Musk Unlocks Supercharging Network

Tesla founder Elon Musk The company could miss out on major profits if it keeps its electric charging stations secret.

Department of Transportation of President Biden According to Reuters, $7.5 billion will be offered in subsidies to encourage electric vehicle charging stations nationwide.

BIDEN ADMINISTRATION GIVES $2 BILLION TO EV BATTERY RECYCLING COMPANY. REPORT

Tesla charging

A Tesla car is charged at a Tesla charging station in Kettleman City California on Jan. 25, 2023. (REUTERS/Mike Blake / Reuters Photos

The Department of Transportation will require recipients of the huge subsidy package to comply with Combined Charging System standards. 

Ticker Security Last Change Change %
TSLA TESLA INC. 196.89 -10.43 -5.03%

CCS is a standard for Electric vehicles From different brands around the world, such as Ford, Honda, General Motors, Hyundai and Honda.

TESLA SHARES REMOVED FROM JANUARY BOTTOM

A zoomed in photo of a Nissan

London, Friday March 5, 2021: A Nissan Leaf electric car is being charged.  (John Walton/PA Images via Getty Images/Getty Images

Tesla currently uses a proprietary charging method that keeps its nearly 40,000 charging stations private for the company and its customers.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Musk has expressed his willingness to allow Tesla access previously Charging stations The wider market.


Read More From Original Article Here:

" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases

Related Articles

Sponsored Content
Back to top button
Available for Amazon Prime
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker