| What happened: Rivals Ford and Tesla have joined forces to allow Ford electric vehicle owners to use Tesla's North American Supercharger network starting in early 2024. Owners of Ford EVs, including Mustang Mach-E and F-150 Lightning, will gain access to more than 12,000 Tesla Superchargers in the U.S. and Canada. Details: While current Ford EV owners need an adapter for Superchargers, future Ford EVs will have Tesla's charging plug, making it one of the first carmakers to tie into Tesla's network. The collaboration, announced Thursday, could boost the adoption of electric vehicles by providing more convenient charging options. The bigger picture: In February, the White House said Tesla would open up some of its Superchargers to other electric vehicles as part of federal plans to create a national network of 500,000 electric car chargers by 2030. Tesla is required to make the chargers available to the "broadest number of people" so it can qualify for federal funding. What it means: The partnership marks a crucial step in Ford's efforts to catch up to Tesla. Tesla dominates the EV market, with a 57% share of new battery electric vehicle registrations in January, followed by Chevrolet with 8.5% and Ford with 7.7%.
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