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Through scale alone, Tesla hopes the gigafactory will bring down battery costs by 30%. A $175 per kWh battery would be "very competitive" with even a mass market vehicle, Langan writes.
Musk put things in even more stark terms: [Tesla Motors] won't be able to function at all if it doesn't build a gigafactory — and [Tesla] will ultimately need hundreds [of Gigabattery Factories] of them. "We can’t figure out any other way to scale," the Wall Street Journal's Cassandra Sweet quoted Musk as saying.
There are advances in battery technology. Lithium Sulfur and better lithium ion anodes and cathodes that can up the energy density and bring down costs towards $50 per kwh.
Hundreds of factories would be producing 100 Terawatt hours per year of batteries
Tesla Cost of Ownership is Already Very Good Relative to Regular Gas Cars
There is cost of ownership analysis here
About $10,000 to 13000 cheaper over 5 years and $20,000 to 30000 cheaper over ten years
Read more »
Reposted via Next Big Future
Through scale alone, Tesla hopes the gigafactory will bring down battery costs by 30%. A $175 per kWh battery would be "very competitive" with even a mass market vehicle, Langan writes.
Musk put things in even more stark terms: [Tesla Motors] won't be able to function at all if it doesn't build a gigafactory — and [Tesla] will ultimately need hundreds [of Gigabattery Factories] of them. "We can’t figure out any other way to scale," the Wall Street Journal's Cassandra Sweet quoted Musk as saying.
There are advances in battery technology. Lithium Sulfur and better lithium ion anodes and cathodes that can up the energy density and bring down costs towards $50 per kwh.
Hundreds of factories would be producing 100 Terawatt hours per year of batteries
Tesla Cost of Ownership is Already Very Good Relative to Regular Gas Cars
There is cost of ownership analysis here
About $10,000 to 13000 cheaper over 5 years and $20,000 to 30000 cheaper over ten years
Read more »
Reposted via Next Big Future
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