Ford EVs will be capable of use Tesla charging stations below new settlement

“We don’t need the Tesla Supercharger community to be like a walled backyard,” Musk mentioned within the livestream.

“That is nice information for our prospects who may have unprecedented entry to the most important community of fast-chargers within the U.S. and Canada,” Farley added in a separate assertion. “Widespread entry to fast-charging is completely important to our progress as an EV model.”

Tesla will develop an adapter for the Ford EVs, together with the Mustang Mach-E and F-150 Lightning, however in 2025 Ford will begin equipping EVs with the identical cost port as Tesla’s and newer automobiles gained’t want the adapter.

Musk mentioned he wasn’t positive in regards to the worth of the adapter however that it might be within the tons of of {dollars} vary, unlikely to value above $1,000.

Ford’s Blue Oval charging community is already North America’s largest, with greater than 84,000 chargers, together with greater than 10,000 fast-chargers.

Earlier this 12 months, Tesla mentioned it might open up a lot of its Supercharger community to different automakers by the tip of 2024 as a part of a Biden administration plan to offer no less than 500,000 chargers throughout the nation by 2030.

Ford shares rose about 1% in after-hours buying and selling following the announcement. Tesla inventory was little modified in prolonged buying and selling.

Editor Mike Murphy contributed to this report.