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Fisker to add Tesla's EV charging connector by 2025

Published 08/15/2023, 07:46 AM
Updated 08/15/2023, 07:50 AM
© Reuters. FILE PHOTO: The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. REUTERS/Stephane Mahe
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(Reuters) - Electric vehicle startup Fisker (NYSE:FSR) said on Tuesday it signed a deal with Tesla (NASDAQ:TSLA) to adopt its North American Charging Standard (NACS), giving Fisker customers access to the automaker's Supercharger network by 2025.

A plethora of automakers, including Ford Motor (NYSE:F) and General Motors (NYSE:GM), are moving away from the standard Combined Charging System (CCS) connector to Tesla's previously proprietary charging design, which is set to dominate the industry.

Fisker said its vehicles made 2025 onwards will have the NACS port for charging, while other customers can use an adapter to access Tesla's 12,000-strong network of public fast chargers in the U.S. and Canada.

The company will continue to provide an adapter for the CCS if customers wish to continue using the technology, the EV maker said.

Tesla's recent deals represent major strides in displacing a rival standard, CCS, that earlier exclusively had the backing of President Joe Biden's administration.

© Reuters. FILE PHOTO: The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. REUTERS/Stephane Mahe

The government is offering $7.5 billion in funding to speed the deployment of EV chargers in the United States.

Most automakers have shied away from building large charging networks as installing and maintaining chargers requires a substantial investment for still-limited returns.

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