Elon Musk talks on the future of electric utilities and its long term benefits for electric car generation.
Elon Musk: "I mean, right now, utilities provide about, think it's roughly a third of the energy consumed by civilization -
or electric utilities, to be precise. And then another third is heating and another third is transportation, roughly.
If ultimately all of that has to go to electric, that means a trippling of the energy consumption by electric. So the long term is very positive for electric car generation. And only a portion of that will be distributed, probably a little bit less than a third -
Interviewer: "Meaning the other two thirds would be, what we refer to as central station or utility scale form of
generation."
Elon Musk: "Exactly. So, my rough guess would be that there is more than a doubling of utility-level demand in the long term. Utility level electricity demand."
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