In an exclusive story, Reuters reports Tuesday that privately-owned BTC Power will add Tesla's (NASDAQ:TSLA) North American Charging Standard (NACS) connection to its electric vehicle chargers starting next year.
The move follows several rival charging companies like ChargePoint Holdings Inc (NYSE:CHPT) and EVgo Inc (NASDAQ:EVGO) alongside automakers Ford Motor Company (NYSE:F), General Motors (NYSE:GM) and most recently, Rivian Automotive Inc (NASDAQ:RIVN) in announcing their adoption of the technology.
Establishing a comprehensive national EV charging network plays a crucial role in alleviating concerns regarding range anxiety and enticing customers to transition from traditional ICE vehicles.
"By including the NACS connector to our chargers we can eliminate the need for unreliable and unpredictable adapters that are being utilized by drivers using our equipment," BTC CEO Frank Meza said.
BTC has sold more than 22,000 chargers - more than half of them high-speed ones - to charge point operators, fleets and retailers, and counts Electrify America, Ford and Amazon.com (NASDAQ:AMZN) among its customers.
Shares of TSLA are up 3.85% in afternoon trading on Tuesday.