This is big news.
In the battle for electric supremacy, manufacturers are scrambling to establish independent charging networks across the US, but manufacturers now realize that the way forward is to take on a unified approach. GM has been hard at work expanding its charging network that will be open to most cars, and the highly secretive EV giant Tesla seems to be coming to the table too. Earlier in 2021, we reported that Tesla had plans to open up its Supercharger network to other electric vehicle brands despite the fact that only CCS connector types are supported, but you can now charge your Porsche Taycan or VW ID.3 at Tesla stations in Europe. Now for the big news: Tesla has started selling home chargers that work with other EVs.
The new home charging systems went online the same day as Tesla's announcement that other EVs would be allowed to charge at its stations in the Netherlands, and opens up a massive new revenue stream for the market leader. The home charging system uses a standard J1772 connector which should be compatible with most EVs sold in North America and is priced at a reasonable $415. Buyers will have to cough up an extra few bucks for a professional to install the device, however. This charger is a basic Gen 2 system, which means it doesn't come with fancy extras such as Wi-Fi connectivity as found on Gen 3 chargers. Tesla claims up to 44 miles of range added per hour of charging, and the charger comes standard with a 24-foot cable with multiple power settings. As a bonus, buyers get a 30 percent federal tax credit when purchasing one of these chargers.
As the EV market grows, Tesla has realized that it needs to open up new sources of income, as its market share progressively crumbles due to new entrants. It is expected that by 2025, Tesla will have lost its majority stake in the American EV market to competitors such as GM, and overseas German brands such as Volkswagen are steadily chipping away at Tesla's dominance in other markets too. CEO Elon Musk always has a few tricks up his sleeve though, and we don't expect Tesla to become an exclusive charging network supplier any time soon - especially since he still has a Cybertruck and Roadster to bring into the world.