On Friday, Ford Motor Co (F.N) experienced a surge of more than 7% in its stock value following an announcement by the second-largest U.S. automaker. The announcement stated that Ford’s electric vehicle owners would be able to use Tesla Inc’s (TSLA.O) charging stations across North America.

Ford CEO Jim Farley expressed his belief that Tesla’s Superchargers could potentially become the standard for electric vehicle charging in the United States. However, he also mentioned that, for now, Ford doesn’t have to make a definitive choice regarding the standard, as adapters and software can be utilized. He anticipates that the market will determine how the situation unfolds.

During afternoon trade, Ford shares rose by 7.6% to $12.25, while Tesla shares increased by 7.5% to $197.95.

Industry analysts have identified access to charging stations as a major obstacle to the wider adoption of electric vehicles.