Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

How Tesla's Massive ‘Gigafactory' Could Lead to 500,000 EVs Per Year

Business
How Tesla's Massive ‘Gigafactory' Could Lead to 500,000 EVs Per Year

In three years, you might see a massive electric vehicle (EV) market in the U.S., and based on the amount of money the company plans to invest, it wouldn't be a surprise to see Tesla at the forefront of it.

The Palo Alto, CA-based automaker this week released details and goals associated with its plans for a "Gigafactory"—a massive structure that by 2020 could produce 500,000 EVs per year and more lithium ion batteries than are currently produced around the world. While Tesla will directly invest $2 billion into the facility through 2020, its to-be-determined partners would add another $2-$3 billion through 2020.

This could be the reason for CEO Elon Musk hold at least one mysterious meeting with Apple in the past year.

“We had conversations with Apple. I can’t comment on whether those revolved around any kind of acquisition,” Musk told Bloomberg.

"As we at Tesla reach for our goal of producing a mass market electric car in approximately three years, we have an opportunity to leverage our projected demand for lithium ion batteries to reduce their cost faster than previously thought possible," the company wrote in a blog post. "In cooperation with strategic battery manufacturing partners, we’re planning to build a large scale factory that will allow us to achieve economies of scale and minimize costs through innovative manufacturing, reduction of logistics waste, optimization of co-located processes and reduced overhead."

Given its plans to invest billions, it makes sense for Tesla to drum up the dramatics as it decides where to build its 10 million-square-foot facility. The site would need to be in a location that would make it feasible to deliver finished battery packs to Fremont, CA for EV assembly. So far, the list has been whittled down to locations in Texas, Arizona, Nevada and New Mexico.

The Gigafactory is expected employ about 6,500 people. It will also likely be powered by a combination of solar and wind energy.

"By the end of the first year of volume production of our mass market vehicle, we expect the Gigafactory will have driven down the per [kilowatt hour] cost of our battery pack by more than 30 percent," the company estimates.

Visit EcoWatch’s TRANSPORTATION page for more related news on this topic.

Presidential nominee Joe Biden has not taken a stance on gas exports, including liquefied natural gas. Ken Hodge / Wikimedia Commons / CC by 2.0

By Simon Montlake

For more than a decade, Susan Jane Brown has been battling to stop a natural gas pipeline and export terminal from being built in the backcountry of Oregon. As an attorney at the nonprofit Western Environmental Law Center, she has repeatedly argued that the project's environmental, social, and health costs are too high.

All that was before this month's deadly wildfires in Oregon shrouded the skies above her home office in Portland. "It puts a fine point on it. These fossil fuel projects are contributing to global climate change," she says.

Read More Show Less

EcoWatch Daily Newsletter

Eating lots of fruits and vegetables will boost the immune system. Stevens Fremont / The Image Bank / Getty Images

By Grayson Jaggers

The connection between the pandemic and our dietary habits is undeniable. The stress of isolation coupled with a struggling economy has caused many of us to seek comfort with our old friends: Big Mac, Tom Collins, Ben and Jerry. But overindulging in this kind of food and drink might not just be affecting your waistline, but could potentially put you at greater risk of illness by hindering your immune system.

Read More Show Less

Trending

A graphic shows how Rhoel Dinglasan's smartphone-based saliva test works. University of Florida

As the world continues to navigate the line between reopening and maintaining safety protocols to slow the spread of the coronavirus, rapid and accurate diagnostic screening remains critical to control the outbreak. New mobile-phone-based, self-administered COVID-19 tests being developed independently around the world could be a key breakthrough in making testing more widely available, especially in developing nations.

Read More Show Less
A meteorologist monitors weather in NOAA's Center for Weather and Climate Prediction on July 2, 2013 in Riverdale, Maryland. Mark Wilson / Getty Images

The Trump White House is now set to appoint two climate deniers to the National Oceanic and Atmospheric Administration (NOAA) in one month.

Read More Show Less
A plastic bag caught in a tree in New Jersey's Palisades Park. James Leynse / Stone / Getty Images

New Jersey is one step closer to passing what environmental advocates say is the strongest anti-plastic legislation in the nation.

Read More Show Less

Support Ecowatch