{"id":170157,"date":"2021-04-12T10:37:31","date_gmt":"2021-04-12T17:37:31","guid":{"rendered":"https:\/\/www.nextbigfuture.com\/?p=170157"},"modified":"2021-04-12T10:37:31","modified_gmt":"2021-04-12T17:37:31","slug":"competition-for-the-future-35-terawatt-hour-per-year-battery-market","status":"publish","type":"post","link":"https:\/\/www.nextbigfuture.com\/2021\/04\/competition-for-the-future-35-terawatt-hour-per-year-battery-market.html","title":{"rendered":"Competition for the Future 35 Terawatt-hour per Year Battery Market"},"content":{"rendered":"

On Tesla’s 2020 Battery Day, Elon Musk made the case that there will be a 35 terawatt-hour per year battery market if the world electrifies all vehicles and battery enables the entire electrical grid. Tesla has a goal of making 3 or more terawatt-hours per year of batteries by 2030.<\/p>\n

The current combined goal of all other car companies is to make 400 gigawatt-hours of batteries per year by 2030. The current total of all other battery factory plans is about 2 terawatt-hours per year of battery capacity by 2030.<\/p>

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If Tesla is correct and there will be a future market of 35 terawatt-hours per year of batteries then a world with this level of battery demand by 2035 will only have Tesla and Asian battery (mainly China) companies making over 1 terawatt hour per year of batteries.<\/p>\n