Exclusive: EV maker Rivian to adopt Tesla's charging standard

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Exclusive: EV maker Rivian to adopt Tesla's charging standard
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Electric vehicle maker Rivian said it has agreed to adopt Tesla's charging standard, giving customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard.

. While other automakers get access to Tesla's charging network, Tesla stands to profit from selling power to a bigger group of electric vehicle drivers.

Automakers need access to reliable charging to allay customers' fears of being stranded when a battery runs out of power, but most, with the exception of Tesla, have stayed away from building their own networks. Tesla's Superchargers account for about 60% of the total fast chargers available in the United States, according to U.S. Department of Energy.

Rivian CEO RJ Scaringe said in a statement the deal would let buyers of Rivian electric pickup trucks and sport utility vehicles "leverage Tesla's expansive Supercharger network."

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