Tesla Faces a $7.5 billion Ultimatum: Open Charging Network or Lose Biden's EV Subsidies

[Admin]

Tesla, the world’s leading electric vehicle maker, may lose out on $7.5 billion in charger subsidies if it fails to open its EV charging network to competitors. According to Reuters, next week, the Department of Transportation will finalize a requirement that puts pressure on Tesla to add the charger used by rival electric-vehicle makers. Currently, … (read full article...)

 

[Amperix]

In some regions, governments have implemented incentive programs and subsidies to encourage the development of EV charging networks. It's possible that some of these programs come with requirements or conditions, such as opening up charging networks to competitors, in order to receive funding or subsidies.