Tesla's Dominance in EV Charging Space Continues to Grow with Major Industry Players Following Suit.

Ford and General Motors have signed up for Tesla's North American Charging Standard (NACS) charging connector, which could lead to the demise of the Combined Charging System (CCS1) connector. As Tesla, Ford, and GM control around three-quarters of the entire battery-electric vehicle (BEV) segment in the United States, the question is who will be next to switch to NACS. Start-ups like Rivian and Lucid may decide quickly, while established brands like Volkswagen and Stellantis may be more reluctant. Charging equipment manufacturers are also adding the NACS plug option to their chargers.