LFP

Tesla’s Efficiency Advantage: Cheap & Abundant LFP Batteries Will Power Mass-Market EVs

Tesla’s second quarter earnings call just confirmed what may be the hottest technology topic for the electric vehicle revolution. Relatively inexpensive and abundant Lithium Iron Phosphate (LFP) batteries are well suited to affordable mass market EVs, so long as they are energy efficient. This confirms that frequent concerns over battery mineral constraints (and fundamental cost barriers) for powering the EV transition can potentially be laid to rest.