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It’s likely that the majority of EV production globally will shift to LFP in the coming years. Mostly due to cost but also the significant lifecycle and safety
by Reason077 3y ago
It’s likely that the majority of EV production globally will shift to LFP in the coming years. Mostly due to cost but also the significant lifecycle and safety advantages of LFP.
NMC will remain dominant in high end, performance models but LFP will be the mainstream.
- elihu 3y agoI wouldn't be that surprised if LFP batteries were approaching half of all EV battery production now. I agree LFPs are currently the right chemistry for mass-production vehicles. NMC is for luxury cars, or use cases with special requirements (e.g. better cold weather performance). I expect LFP will eventually be superseded by some other technology. Though it's possible they'le be superseded by something that's a direct improvement on LFP rather than something completely new.
- Reason077 3y agoLFP market share was reported to be 31% by the end of 2022 (up from 11% in 2020), with BYD and Tesla accounting for 68% of all LFP vehicles sold globally. https://insideevs.com/news/628303/ev-battery-lfp-share-september2022/ https://insideevs.com/news/628303/ev-battery-lfp-share-septe...