Elon Musk has stated that the global electric vehicle market will reach 30 million units per year by 2030, and if Tesla can maintain its excellent execution, it may achieve an annual sales volume of 20 million units by 2030.
In 2019, Tesla sold 367,500 vehicles worldwide, and due to the impact of the pandemic this year, Tesla’s deliveries for the first half of the year were 179,000 units. In addition, no car company has ever achieved a sales volume of 11 million units per year, and 20 million would undoubtedly be an unprecedented and exaggerated figure.
If the sales target of 20 million cars is achieved, and if an average car requires a battery of 80kWh, the battery production capacity required would be 1,600 GWh. Musk announced at Battery Day in 2020 that Tesla’s battery production capacity to be achieved by 2030 stands at 3 TWh (3,000 GWh).
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