Ford stock jumps after deal to allow its EV owners to use Tesla's charging stations
, and E-Transit Ford vehicles can access the Superchargers via an adapter and software integration, with payment being processed via FordPass.
The deal helps remove a key barrier for Ford to increase the appeal of its electric vehicles, as Tesla's charging network has long been seen as a competitive advantage against other EV makers as there's no other uniform network that rivals Tesla's scale. "Widespread access to fast-charging is absolutely vital to our growth as an EV brand, and this breakthrough agreement comes as we are ramping up production of our popular Mustang Mach-E and F-150 Lightning, and preparing to launch a series of next-generation EVs starting in 2025,"
With Ford pinning its future on electric vehicle, ensuring its customers increased access to charging stations appears to be crucial to its success.
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