Technology

Hyundai, Kia to adopt Tesla EV-charging standard from 2024 in US

– Hyundai Motor and Kia Corp said on Thursday that they had decided to adopt Tesla Inc’s electric vehicle (EV) charging technology in the United States.

Joining their global peers, including Ford Motor, General Motors and Nissan in adopting Tesla’s North American Charging Standard (NACS), Hyundai’s and Kia’s moves take the Elon Musk-led company’s superchargers closer to becoming the industry standard at the expense of the rival Combined Charging System (CCS).

Hyundai and Kia’s new EVs will come with a NACS port, starting in the fourth quarter of 2024 in the United States, the companies said.

However, in Canada, Hyundai EVs equipped with the NACS port would be available in the first half of 2025, while Kia’s EVs with the technology by the end of 2024.

The move gives Hyundai and Kia EVs with NACS ports access to more than 12,000 Tesla Superchargers across the United States, Canada, and Mexico, the companies said.

The South Korean automakers also said that they would offer adapters to owners of existing and future Hyundai and Kia EVs with the current CCS giving them access to Tesla’s Supercharging Network in the first quarter of 2025.

In June, Hyundai Motor said it would consider making its vehicles more readily compatible with the NACS charging system.

Tesla’s NACS is widely available, with the U.S. Department of Energy saying they make up about 60% of the fast chargers in the United States.

The rival CCS system is backed by automakers including Volkswagen, though the German company has held talks with Tesla about adopting the NACS.

In July, Hyundai said it would team up with companies including Kia, Stellantis and BMW to form a joint venture to develop an EV charging network in the U.S. to challenge Tesla and take advantage of Biden administration subsidies.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Why detours improve development outcomes

In Homer’s Odyssey, Odysseus does not reach home by following a flawless plan. His journey is…

1 day ago

Who is Raising Our Children? Screens, Baby Shark, and the Impact on Early Childhood

Sixteen billion. That’s how many times the popular children’s song Baby Shark has been viewed on YouTube.…

1 day ago

How traffic demand management can improve access, equity, and jobs in transit-oriented cities

Cities around the world are grappling with how to expand access to jobs and services…

1 day ago

Six ways to make tourism projects work for people, places, and prosperity

Tourism generates 10 percent of global GDP and supports 1 in 10 jobs worldwide. Because…

1 day ago

Elevating the knowledge agenda for women entrepreneurs to boost jobs, growth, and access to finance

Women entrepreneurs represent a powerful yet largely untapped source of job creation and economic growth. Removing…

1 day ago

A silver lining to the European energy crisis: Energy efficiency, productivity, and potential output

The 2022 natural gas price shock triggered the largest rise in fossil fuel prices in…

1 day ago