Hi and welcome back to the Elon Musk podcast. Today, we dove into a milestone moment for Tesla in the EV industry at large. As we discussed Tesla's, recent string of Victories turning the tide for it's charging technology. Texas is taken a groundbreaking initiative by requiring electric vehicle charging companies to incorporate test and standard alongside the nationally recognized CS. This move. Signifies a powerful endorsement of Elon musk's vision of a
national charging standard. Nerd and sends a strong signal to other states and federal entities.
This episode will unpack these exciting developments including the growing acceptance of Tesla's North American charging standard by Major, automakers and states in the potential that holds to redefine the landscape of EV charging in the United States tune in as we navigate these electrifying changes in the EV Market. But before we get into that, please take a second and listen to the message from our sponsors
on Tuesday of this. This week Tesla turn the tide in favor of it's charging technology with a series of pivotal victories. It culminated with the announcement from Texas. The new home for Tesla's, Texas headquarters and car manufacturing complex declaring its mandate to incorporate Tesla's charging standard alongside the nationally recognized combined charging
system. The ccs and the state level decision is a significant nod to Elon musk's dream of making Tesla's charging technology a nationwide. And ered now news agency, Reuters was the first to break the news that Revision in electric pickup truck manufacturer, and BTC power, a renowned charger, maker were endorsing Tesla's standard. This support follow the earlier Decisions by Automotive Giants, General Motors and Ford to incorporate Tesla's charging technology.
Defying the Biden ministrations. Drive to make the CCS a dominant charging standard of the United States. Now Texas, the backdrop for Tesla sprawling, new Factory and corporate headquarters is the first state to mandate test this
charging technology. The move significantly bolsters musk's ambitious vision of his charging standard gaining National Acceptance. Now the Texas Department of Transportation said to them email on Tuesday, the decision by Ford GM. And now rivi and to adopt any CSS change requirements for Phase 1. The statement was referring to the rollout. That would necessitate the direct Current fast Chargers to have one CCs in one nacs connector.
Now, Lou Cox Director of Business Development at md7 affirm that aids in the deployment of chargers predicts. The Tesla's and Texas has decision could heavily influence other states to adopt Tesla's nacs. The Pines, it'll effectively make and nacs the new charging standard. He said, it'll effectively make
nacs the new charging standard. Now, the US Department of Transportation had earlier, stated that charging companies need to provide the ccs to qualify for up to 7.5 billion dollars in federal funding this significant financial aid, aims to establish new high-speed Chargers along 7,500 miles of the nation's busiest highways and reacting to the rapid evolution of the industry. The Federal Highway Administration, acknowledge the significance of the changing
landscape. They said our technical experts are having active conversations, With automakers charge your manufacturers and standard-setting bodies to ensure Federal investment continues to support a reliable convenient and user-friendly charging experience for all drivers. Now, that was from the Federal Highway Administration and is pertinent to note, the federal funding is routed via the states, which have the power to
modify their own guidelines. As long as they comply with the minimum federal standards and the initial round of funding is expected to be awarded by States throughout the remaining Out of the year and in the wake of these announcements, by Ford and GM. Leading us charging companies including charge point in E-Z-Go, disclose their plans to incorporate the same standard to their us Chargers.
Meanwhile, several States like California Iowa and Michigan are carefully, observing the shifts in the changing Market. Furthermore, at least one other state is mulling over awarding extra points to applicants, if they include Tesla's charging points in the proposals, This Landmark decision brought sheared a Tesla shareholders with the company shares Rising by 1.2 percent in extended trading, after closing up by five point, three percent on Tuesday.
Now, as everybody knows, Tesla boasts, approximately 2,000 supercharger stations and more than 21,000 supercharger stalls in the United States. This vast network of charging infrastructure accounts for about 60% of this fast charging plugs. Is operational in the country in another huge significant endorsement. Washington state has followed Tesla's lead and mandating test has North American charging standard.
Thereby adding momentum to musk's Vision GM for driven have stated their acceptance of Tess's. Any Cs and they've resisted Biden Administration ccs. And now, the states are acting in favor of Tesla and expressing her satisfaction with the developments Tanya bull. Alternative fuels program manager at Washington State's Department of Transportation stated. I'm actually really happy about nacs and how finally, automakers are gearing towards one standard.
We want to provide access to as many makes and models as possible now despite and ACS still needing to undergo testing and certification for other auto manufacturers Boule affirmed. Washington State's commitment to requiring nacs at its state funded in federally funded sites in the future. ER, the state plans to initiate the request for proposal process in the fall and elaborating out of the decision, will said it's
about future proofing. The state's Investments, Washington State officials are in the process of determining, the right mix of nacs chargers adhering to current federal requirements at Washington's plan, May exert, additional pressure on other states and the federal government to adopt Tesla's, nacs, further strengthening the positioning of Tesla's, charging standard in the All EV Market, I want to say thank you for listening to the show today.
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