But is it already too late?
When it comes to electric vehicle charging, Tesla has the whole pack pretty much outclassed. Tesla's network of Superchargers is the most extensive in the United States and its latest Version 3 can add 75 miles of range in just 15 minutes. But Tesla may not hold the lead for long, as other automakers like Volkswagen plan to invest billions into EV charging infrastructure.
Amongst the companies looking to build fast-charging stations is General Motors, which has just thrown its hat into the ring. According to Reuters, the American auto giant plans to partner with construction firm Bechtel Corp and is now seeking investors to fund the project.
The report indicates that the partnership is still at its Memorandum of Understanding (MoU) phase, so the business structure has not been decided as of yet. It could be a while before we actually see a working network of GM-funded fast-chargers across the US. "This collaboration and future build-out will help alleviate issues with customers' range anxiety by leveraging GM and Bechtel's scale, flexibility and proprietary data to provide chargers in locations convenient to EV customers," GM said in a statement.
As of now, GM's only electric car is the Chevrolet Bolt, which offers up to 238 miles of range. Chevy is also rumored to be working on a new SUV based on the Bolt's platform, which will be built at GM's Orion Township plant in Michigan.
In addition to a new electric SUV from Chevy, Cadillac has also teased us with a new SUV that will kick off the luxury brand's transition to becoming a fully electric company. Buick has similar intentions, with a rumored electric SUV with over 500 horsepower on tap. With all of these new EVs on the way, it is crucial for GM to improve its charging infrastructure in order to compete with Tesla.