Elon Musk: Electric Cars Will Double Global Electricity Demand

Elon Musk this week said electric cars will eventually double global electricity demand, increasing the need to expand power generation and storage. The Tesla CEO told an interviewer, “It will take another 20 years for cars to be fully electric. It is like with phones, you cannot replace them all at once,” adding that around 5% of vehicles are replaced every year. 12/2/2020