It’s rare to find two car companies not only not competing against each other, but actually joining forces together.
As the Biden administration aims to further squeeze the US economy by restricting car manufacturing to mostly electric by next decade’s end, Ford is ready to comply.
They’ve reached a deal with Tesla where Ford’s electric vehicles will be able to successfully use Tesla’s 12,000 changing stations across North America.
Jim Farley, CEO and President of Ford said, “”Widespread access to fast-charging is absolutely vital to our growth as an EV brand, and this breakthrough agreement comes as we are ramping up production of our popular Mustang Mach-E and F-150 Lightning, and preparing to launch a series of next-generation EVs starting in 2025.”
Ford drivers can charge up with a special converter they’ll attach to Tesla ports, which, surprise, surprise, will come out of the their own wallets!
As Ford figures out how to profit after most gas powered cars are banned, they’ll be looking new for ways to nickel and dime their customers. They’re going to be producing the cheaper version of the electric car. Think Spirit Airlines charging you for peanuts.
However, in the long run, Ford plans for their newest electric cars to be automatically capable of getting a charge from a Tesla station, eliminating the problem. But don’t be surprised if that’s an empty promise.
And all these new charging stations will require a lot of power. Zero Hedge brings something new into the conversation. This could dramatically effect the power grid of cities across the continent. Remember the great Texas power grid failure due to a snowstorm in February 2021? The state’s economy lost billions in a handful of days. Now imagine if that grid failure also effected drivers and their car’s ability to function.
The Biden administration has pledged to pay for a number of charging stations. And hey, when the taxpayers are left holding the bag, external economic disasters are no longer Ford or Tesla’s concern. They have the power, both figuratively and literally.
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