X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 32 mins U.S. Presidential Elections Status - Electoral Votes
  • 14 hours Interest article about windmills and waterwheels in Europe
  • 1 day Speaker Pelosi, "Tear Down This Wall"
  • 2 days NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president
  • 1 day Chance for (Saudi)Arabian peninsula having giant onshore Gas too?
  • 8 hours Retired RAF pilot wins legal challenge over a wind farm
  • 2 days Disaster looming in UK offshore wind power
  • 22 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days Scientist clone endangered Black Footed Ferret from Ferret that died 30 years ago . It's a 100% exact genomic match.
A Key Fracking Indicator Just Hit Record Lows

A Key Fracking Indicator Just Hit Record Lows

The Frac Spread Count, which…

Could This Be The Hottest Commodity Play Of 2021?

Could This Be The Hottest Commodity Play Of 2021?

The rapid rise of lithium-ion…

Tesla May Have Just Found A Home For Its Next Gigafactory

Europe’s biggest economy, Germany, which is also set to be one of the biggest and fastest-growing electric vehicle (EV) markets in the world, could be the ideal location for Tesla’s Gigafactory in Europe, according to Morgan Stanley analysts.  

Germany is the “logical choice” for the first manufacturing factory of the U.S. EV maker in Europe, Adam Jonas and other analysts at Morgan Stanley wrote in a note on Thursday, as carried by Bloomberg.

Germany “is the heart of the global luxury-auto market, with an economy dependent on internal-combustion tech and a government focused on climate change,” according to Morgan Stanley.

Just days ago, Germany raised by 50 percent the incentives for buyers of EVs, as part of the government’s Climate Protection Program 2030. The vast auto market in Germany is expected to be a huge electric car market in the future, although consumer preferences in the country that is home to many legacy carmakers could be difficult to change.

Morgan Stanley sees German EV sales at 6.5 million cars a year by 2030, second only to China.

A “Giga Deutschland” manufacturing site would also benefit Tesla because the U.S. manufacturer will be part of Europe’s biggest economy, Morgan Stanley’s Jonas says.

Related: Human Batteries: Matrix Science Debunked

Building the European Gigafactory in Germany is not a new idea. Elon Musk himself said in June last year that Germany is a leading choice for a possible future Tesla Gigafactory in Europe.

Germany is a leading choice for Europe. Perhaps on the German-French border makes sense, near the Benelux countries,” Musk said on Twitter in June 2018, while in April this year he said that Tesla was “considering” building a factory in Germany.

In August, German daily Rheinische Post reported that Tesla was looking for a location for a possible factory site in the German state of North Rhine-Westphalia, which borders Belgium and the Netherlands.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Bill Simpson on November 08 2019 said:
    Germany would probably be the best country in Europe. It is centrally located with a well trained work force, and good transportation infrastructure.
    The UK would have worked until they decided to leave the EU. There aren't enough people in the UK alone to put the factory there, with them out of the EU.
    France has too many labor troubles and protests.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News