The advent of electric cars will likely result in electricity consumption worldwide to double, according to Tesla CEO Elon Musk, who shared his thoughts during a recent talk hosted by Berlin-based publisher Axel Springer.
According to Musk, this increased demand for electricity will likely increase the need to expand the rollout of sustainable solutions like solar, geothermal and wind energy.
Musk, however, noted increasing the availability of sustainable energy is a major challenge, and it will likely take a couple of decades for the shift to be completed.
“It will take another 20 years for cars to be fully electric. It is like with phones, you cannot replace them all at once,” Musk said.
Musk noted the need for products where sustainable energy could be stored would also increase. The development and rollout of grid-scale batteries, capable of storing energy generated through sources such as solar and wind, would likely play a key role.
“Together with large battery packs, both things need to be combined, wind power with battery packs and solar energy,” Musk said.
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