In recent times, there has been a huge flow of information and a rush by internal combustion engine companies to embrace electric vehicles as the future of motoring.
Mega battery factories are in full ramp-up mode, and the Lithium/Cobalt/Graphite miners are also in full swing to meet massive future demand for their respective materials

According to Elon Musk, chief executive officer (CEO) of Tesla, ” I am confident that the company will reach a price of $100/KWh by 2020 for lithium batteries and cheaper materials, a shorter supply chain, and factory automation are the ways Tesla will hopefully achieve this”, He further saidwhen the Powerwall was released in May 2015, Tesla was selling the 100kwh power pack for USD25,000, or USD250/kWh. Reaching $100/kWh by 2020, with gigafactories operational, is very tough, but possible.

In a related development, customers in Australia can now run their homes on just 59 cents a day, using solar panels and a Powerwall energy storage system.

EnergyNews
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