Tesla CEO Says Electric Cars Will Double Global Electricity Demand



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FRANKFURT: Tesla CEO Elon Musk said on Dec. 1 that electricity consumption will double if the world’s car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and power generation sources. wind.

Increasing the availability of sustainable energy is a major challenge as cars shift from combustion engines to battery-powered electric motors, a change that will take two decades, Musk said in a talk hosted by Berlin-based editor Axel. Springer.

“It will take another 20 years for cars to be fully electric. It’s like with phones, you can’t replace all of them at once,” Musk said in a talk broadcast on the Bild.de website, adding that about 5% of vehicles are replaced every year.

Once electric cars become the norm, electricity from intermittent generation power sources like wind and solar will need to be stored, likely through battery technology, he said.

“Along with large battery packs, you need to combine both, wind power with battery packs and solar power,” Musk said.

Tesla is embarking on plans to build its fourth gigafactory in Europe’s largest economy.

“The best wind turbines are made in Germany,” he said.

“I always have a good time when I’m here. I like the engineering culture. People want to get things done.”

Tesla has recently acquired a license to trade electricity in Western Europe, and the company has also been surveying customers in Germany about Tesla’s potential use of electricity in their cars. – Reuters



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