Tesla calculates that the cost of factory infrastructure for clean energy would save 3.7 trillion in 20 years

6 Apr. (EUROPE PRESS) –

The electric vehicle manufacturer Tesla calculates that the cost of investment in manufacturing capacity infrastructure for an economy based on clean energy will save four trillion dollars (3.7 trillion euros) in 20 years, as indicated in a report Posted this Thursday.

The company controlled and directed by Elon Musk calculates that investing in fossil fuels would imply a capital expenditure (initial and maintenance) over 20 years of 14 trillion (12.85 trillion euros) in manufacturing infrastructure.

On the other hand, an investment that is capable of creating manufacturing capacity to manufacture the necessary components to meet the energy demand for clean energy would have an initial and maintenance capex cost of 10 trillion (9.18 trillion euros).

Tesla’s forecasts include the necessary investments to create manufacturing capacity for wind turbines, solar panels, batteries, mining, refining, electric vehicles, heat pumps, electrolyzers, carbon capture or hydrogen storage in salt caves.

In the paper, Tesla argues that “a sustainable energy economy is technically possible and requires less investment and less material extraction than continuing with today’s unsustainable energy economy.”

In any case, the company indicates that while most energy losses associated with mining, refining and fuel burning will be eliminated, some industrial processes, such as producing green hydrogen, will require more energy. Also, some refining and mining activities will have to scale up, mainly related to materials for batteries, solar panels and turbines.