Musk primed to hand UK huge Brexit boost with new Tesla gigafactory: ‘Open for business!’

UK: Free electric vehicle charging network adds new location

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

At a shareholder conference last week, Mr Musk announced that Tesla is looking to build an additional 10-12 large-scale electric vehicle manufacturing facilities, known as gigafactories. The world’s richest man noted that each of these gigaplants would aim for an output of between one and a half to two million units per factory.  He also noted that the EV giant may be able to announce an additional factory this year, with Canada seemingly being the frontrunner.

However, Britain could be eyeing to secure one of these gigafactories, with Tees Valley mayor Ben Houchen throwing his hat in the ring. 

Ben Kilbey, the chief communications officer for Britishvolt, noted that Tesla building an electric vehicle manufacturing facility would provide a major boost for the country. 

Britishvolt is building the UK’s first gigafactory, which is set to build around 300,000 electric battery packs a year, with a total capacity of over 38 GWh by the end of the decade.

Speaking to Express.co.uk, Mr Kilbey said: “Tesla coming to the UK would be a huge boost for the country and its roadmap for electrification. 

“If we look at recent intelligence from the Faraday Institution, the UK will need around 100GWh [200GWh by 2040] of battery output in the UK by 2030 to satisfy demand. 

“A brand like Tesla coming to the UK would boost employment and show the world that the country is open for business post Brexit.

“Britishvolt would love to see companies such as Tesla joining the race to build UK Gigaplants. 

“At full capacity, Britishvolt will deliver around 40GWh, towards the end of the decade. 

“That means there’s another 60GWh [by 2030] of capacity required.”

In a letter to the Tesla CEO, Mr Houchen promised that Tees Valley could offer him “hundreds of acres of ideal developable land” while avoiding “the bureaucratic entanglements seen at other sites”.

This appears to be a dig at Germany, which hosted Tesla’s most recent gigafactory, which opened earlier this year, and was frequently criticised by Mr Musk for its red tape.

The world’s richest man had previously been mulling over setting up a gigafactory, but pulled out over the “uncertainty” of Brexit.

He told trade site Auto Express: “Brexit uncertainty made it too risky to put a gigafactory in the UK,” opting for Berlin instead.

DON’T MISS: 
Putin’s gravy train to be derailed TODAY… but now EU fury erupts [REPORT]
Russian military-industrial complex on its knees [INSIGHT]
Energy crisis horror: UK’s ‘toxic’ gas exports to EU spark panic [REVEAL]

Mr Kilbey noted that if Britain wants to attract more foreign automobile investors, then the best approach “is to make the energy transition market as attractive as possible for any investor in the UK. 

“The more the private sector is incentivised to invest, the higher the probability of a successful energy transition. 

“This will lead to job creation and the industries of the future. 

“Forward facing policy, which the UK clearly has in terms of low carbon energy solutions, is essential.”

Source: Read Full Article