Posted on 24 Oct 2022
Tesla says it’s moving at top speed to build 1,000 gigawatt-hours of vertically integrated battery production capacity in the US, Kallanish reports.
According to ceo Elon Musk, the project involves anode-cathode production, lithium refining and even mining, although further details have yet to be given. To make this happen, he suggests the US government should “expedite the permitting process for anything which is critical to a sustainable energy future.”
“So, it doesn’t make sense to put like a coal mine and a sustainable energy battery like lithium mine in the same category. Coal does not [belong] in the future, lithium does. And by the way, you can extract lithium with almost no disturbance to the environment. So, it’s not actually an ugly, nasty mine situation,” he adds.
The company has been holding talks with senior government leaders both in the White House and in Congress and reports “positive reception” towards fast-tracking such projects.
Tesla is also getting some clarification from the US Treasury regarding its eligibility for Inflation Reduction Act (IRA) credits and incentives, but it is fairly confident it will be able to benefit on the EV and solar fronts.
“Once we are fully integrated, I think we still do see a path to hold [costs to] roughly $70 per kilowatt-hour cell before any incentive,” concludes Musk.
Source:Kallanish
