Lithium iron phosphate batteries: The future of EV technology?, page-8

LiFePO4 (LFP) batteries Great for AEV

TESLA

 Tesla recently announced in its 3Q investor deck that it would bechanging the battery in its standard range vehicles to LFP

 LiFePO4 (LFP) batteries are growing in popularity for a variety of applications

 They are typically less energy dense than Lithium-ion batteries but much longer lived, cheaper, and more easily recycled

 With electric cars growing in popularity worldwide, switching to LFP batteries can potentially reduce the cost of an electric car by 20-25%  Electric vehicles will become cheaper than internal combustion vehicles within 3 -4 years according to Tritium, global vehicle charging designer,
developer, operator