The Tesla Debate: Investing in EVs Beyond Tesla

Several car companies, including Ford, GM, Rivian, Volvo, and Polestar, have announced plans to adopt Tesla's North American Charging Standard (NACS) starting in 2025, making Tesla's charging tech the dominant standard. This shift raises questions about why non-Tesla EV shoppers would buy now when their charging technology will soon be in the minority. Experts suggest that buyers should consider delaying their purchase for the next two years to avoid potential obsolescence. The transition away from the Combined Charging System (CCS) will take time, but with the industry moving towards NACS, CCS will become less popular. Additionally, as EV technology continues to improve, including range, charging speed, and cost, consumers may opt to wait for more advanced and stable options.