EV maker Rivian to adopt Tesla's charging standard

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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.

. 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."David Paul Morris | Bloomberg | Getty Images

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