Earlier this year, Tesla CEO Elon Musk proclaimed that in order to move the world’s energy and transportation needs away from fossil fuels completely and onto clean, renewable sources of power, some one hundred Gigafactory-style facilities would have to be built around the world to produce all of the batteries that transition required.
At the end of last month, Volkswagen’s boss of Research and Development Ulrich Eichhorn made a similar prediction, claiming that if the entire automotive industry turned its fleet one quarter electric by 2025, a total of 40 Gigafactory facilities would need to be built globally.
But is that estimate accurate? Is it too high or too low? And what would a larger fleet of electric vehicles look like for the lithium-ion battery industry?
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