Electric Cars

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Electric Volvo car drivers will get access to 12,000 Tesla Superchargers across the United States, Canada and Mexico as Volvo Cars adopts North American Charging Standard (www.media.volvocars.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 years ago (1 children)

Their advantage to Tesla is charging non-Tesla owners a premium and profiting off cars they didn't manufacture. Honestly, it was dumb of them not to open the standard sooner -- it could have been the dominant charging adapter for a decade already.

[–] [email protected] 1 points 2 years ago (1 children)

I don't think trading their profit margin on cars for the profit margin on charging is worth it, but I guess we'll see. A lot of people bought teslas for their charging network.

[–] [email protected] 1 points 2 years ago

Their profit margins on cars will continue to shrink as competition in the electric space heats up. There's also a point at which Elon's general lunacy will start affecting Tesla sales.

Owning the fast charging space will pay dividends on money spent on building infrastructure over the last decade. If charging a Tesla is 10 cents a kilowatt hour, and charging a Ford/Polestar/etc is 12 cents an hour, that's earning something for literally nothing.