Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Biden admin. dangles $7.5B Tesla subsidy if Musk unlocks Supercharging network By: FOX Business February 11, 2023 at 09:33 AM EST Department of Transportation requirements for generous electric vehicle subsidies may pressure Tesla to open its proprietary charging stations to other models. Tesla founder Elon Musk could miss out on a major windfall if the company keeps its electric charging stations exclusive.President Biden's Department of Transportation is set to offer $7.5 billion in subsidies aimed at propagating electric vehicle charging facilities nationwide, Reuters reports, citing administration officials.BIDEN ADMINISTRATION AWARDS $2 BILLION LOAN TO EV BATTERY RECYCLING COMPANY AS US PLAYS CATCH-UP: REPORTThe Department of Transportation intends to require beneficiaries of the massive subsidy package to conform to Combined Charging System (CCS) standards. The CCS provides a standard for electric vehicles from different companies and brands worldwide, including Ford, Hyundai, Honda, General Motors and more.TESLA SHARES REBOUND FROM JANUARY BOTTOMTesla currently operates a proprietary charging system that keeps its approximately 40,000 charging stations exclusive to the company and its consumers.GET FOX BUSINESS ON THE GO BY CLICKING HEREMusk has previously expressed openness to the idea of opening access to Tesla charging stations to the wider market. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Biden admin. dangles $7.5B Tesla subsidy if Musk unlocks Supercharging network By: FOX Business February 11, 2023 at 09:33 AM EST Department of Transportation requirements for generous electric vehicle subsidies may pressure Tesla to open its proprietary charging stations to other models. Tesla founder Elon Musk could miss out on a major windfall if the company keeps its electric charging stations exclusive.President Biden's Department of Transportation is set to offer $7.5 billion in subsidies aimed at propagating electric vehicle charging facilities nationwide, Reuters reports, citing administration officials.BIDEN ADMINISTRATION AWARDS $2 BILLION LOAN TO EV BATTERY RECYCLING COMPANY AS US PLAYS CATCH-UP: REPORTThe Department of Transportation intends to require beneficiaries of the massive subsidy package to conform to Combined Charging System (CCS) standards. The CCS provides a standard for electric vehicles from different companies and brands worldwide, including Ford, Hyundai, Honda, General Motors and more.TESLA SHARES REBOUND FROM JANUARY BOTTOMTesla currently operates a proprietary charging system that keeps its approximately 40,000 charging stations exclusive to the company and its consumers.GET FOX BUSINESS ON THE GO BY CLICKING HEREMusk has previously expressed openness to the idea of opening access to Tesla charging stations to the wider market.