Electric vehicle maker Rivian said on Tuesday it has agreed to adopt Tesla's charging standard, giving Rivian customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard.
. While other automakers get access to Tesla's charging network, Tesla stands to profit from selling power to a bigger group of electric vehicle drivers.
"It's game, set, match for Tesla owning the EV charging infrastructure of the U.S. in the future," said Dan Ives, an analyst at Wedbush Securities. "Their first move advantage is helping them big time in this EV arms race."Automakers need access to reliable charging to allay customers' fears of being stranded when a battery runs out of power, but most, with the exception of Tesla, have stayed away from building their own networks.
Tesla's Superchargers account for about 60% of the total fast chargers available in the United States, according to the U.S. Department of Energy.Newly installed car chargers at a Tesla Super Charging station are shown in Carlsbad, California, U.S. September 14, 2018. REUTERS/Mike Blake Rivian CEO RJ Scaringe said in a statement the deal would let buyers of Rivian electric pickup trucks and sport utility vehicles "leverage Tesla's expansive Supercharger network."
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