Panasonic to Produce High-Capacity EV Batteries for Tesla by 2024

Shannon Flynn
Shannon Flynn
April 20, 2022
Panasonic to Produce High-Capacity EV Batteries for Tesla by 2024

Since the United Nations established the Paris Agreement, the transportation sector has enhanced its sustainability efforts. Environmentalists target the sector because passenger vehicles emit significant amounts of greenhouse gases. 

Government officials hope to improve transportation sustainability to meet ongoing net-zero emission goals.

Large tech companies like Tesla respond to eco-conscious consumer demands by developing low-impact electric vehicles (EVs). Right now, one affordability and accessibility limitation of Tesla products are their EV batteries. The company is teaming up with Panasonic to tackle product expansion challenges and produce rechargeable batteries.

Tesla’s Price Prediction Problems

One EV expansion challenge comes from customer dissatisfaction. Individuals who purchase a Tesla pay more than the projected prices on the company’s website. The company incorporates lifetime savings into its car costs, representing a deceptive price.

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Individuals are upset with Tesla’s price projections because they cannot see the hypothetical savings for years. Countries are assessing the company’s cost deception and creating customer protection policies. Germany is holding the company accountable for its transparency issues and restricting these kinds of price-saving predictions.

Energy professionals also challenged the projected costs by determining life cycle savings. The researchers recognized deficiencies in Tesla’s calculations and discovered that cost savings vary considerably by region.

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How Do the Findings Support Sustainability Advancements?

When the researchers released cost-saving data to the public, eco-consumer interest rose. Governments worldwide are also looking to EVs to achieve their net-zero emission goals. The U.S. established a decarbonization path that integrates personal and commercial autonomous vehicles.

Individuals are also investing in EVs to access reliable fuel costs. Since Russia invaded Ukraine, gas prices have increased significantly. The sustainability and affordability of EVs are raising manufacturing demands.

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Tesla is responding to increasing consumer demands by building more efficient vehicles. Manufacturers are creating EVs with ranges similar to gas-powered vehicles. As the EV market scales up, Tesla collaborates with Panasonic to meet global consumer demands.

Panasonic Creates Rechargeable Batteries & Helps Tesla Meet Global Demands

Panasonic is developing high-capacity EV batteries to decrease vehicle costs and expand mileage capabilities. The company is building a battery production center at its Wakayama factory to expand general production efforts. Panasonic will manufacture 4,680 lithium-ion EV batteries.

The battery design is double the size and power capacity of current Tesla EV batteries. Panasonic’s version can improve a vehicle’s range by nearly 15%. The company plans to release these new EV batteries in 2024.

How Will Panasonic’s EV Batteries Affect Tesla?

Panasonic’s EV batteries can help Tesla gain a leg up on its competitors. The technology also provides structural support for global sustainability goals. Panasonic’s EV battery advancements may additionally open new doors for Tesla within the EV industry.

The Biden-Harris administration was not previously working with Tesla on its electric transportation system. The administration stated that the company’s strained relationship with the auto workers’ union caused its incompatibility with decarbonization projects.

Tesla can work its way into the national sustainability system using the new Panasonic technology. Technological advancement can become a gateway into the industry and raise Tesla’s standing. As the two companies' new technology reaches the market, Tesla may experience an increase in EV sales.

How Will Tesla’s Expansion Affect the Transportation Sector?

As the EV batteries increase Tesla’s sales, the transportation sector may experience fewer accidents. The company’s EVs contain self-driving features, which minimize collisions.

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Tesla’s vehicles autonomously stop before colliding with someone in front of them. The EVs also reduce insurance issues because the person in the following vehicle is generally at fault in multi-vehicle crashes. Before individuals purchase EVs should explore accident laws relating to self-driving cars.

When EVs’ self-driving features fail during collisions, individuals often believe the manufacturer is at fault. Self-driving vehicles still require human intervention, and the driver is responsible for accidents.

Fitting Advanced EV Batteries Into the Transportation Sector

The transportation sector must adopt sustainable practices to achieve global net-zero emission goals. Leading tech companies must adopt EV batteries to meet eco-consumer needs and support the green market. 

Government sectors like the Environmental Protection Agency can work more closely with Tesla and others to raise expectations for EV sustainability and efficiency standards.

Together, the organizations may promote further advancements and shrink the global carbon footprint. Manufacturers like Panasonic must mass-produce EV batteries to meet transportation demands. 

Over time, the technology may support buses and large commercial fleets. This battery collaboration is a promising sign of what’s to come.

Fuel your savings. Spend 70% or less with every charge!

Shannon Flynn
Shannon Flynn

Managing Editor, ReHack

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