Hyundai may join Tesla’s EV charging network

Automaker Hyundai is reportedly planning to invest $28 billion over the next decade to accelerate its electrification efforts and is considering adopting Elon Musk-run Tesla’s charging network for all future electric vehicles (EVs) in the US.

According to Hyundai CEO and President Jaehoon Chang, the company would consider joining the alliance of automakers adopting Tesla’s charging standard if it is in its customers’ best interest, reports Investopedia.

Hyundai aims to increase its electric vehicle share to 34 per cent by 2030, up from 8 per cent this year.

Moreover, the report said that Hyundai’s latest electric cars, such as the Ioniq 5, operate at a higher voltage than Tesla’s, meaning they cannot charge as quickly on Tesla’s Supercharger network, which operates at a lower voltage.