{"id":1134,"date":"2023-02-03T03:24:26","date_gmt":"2023-02-03T03:24:26","guid":{"rendered":"https:\/\/www.shalomeo.com\/blog\/?p=1134"},"modified":"2023-02-03T03:24:26","modified_gmt":"2023-02-03T03:24:26","slug":"why-lfp-battery-manufacture-are-poised-to-bring-down-entry-level-ev-prices","status":"publish","type":"post","link":"https:\/\/www.shalomeo.com\/blog\/why-lfp-battery-manufacture-are-poised-to-bring-down-entry-level-ev-prices\/1134.html","title":{"rendered":"Why LFP battery manufacture are poised to bring down entry-level EV prices"},"content":{"rendered":"\n<p>A slew of patents for lithium-iron-phosphate (LFP) chemistries due to expire in 2022 could shift the face of battery production in the U.S. and Europe.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.hoenergypower.com\/product\/battery-module-1.html\" target=\"_blank\" rel=\"noreferrer noopener\">LFP battery manufacture<\/a><\/strong> already comprises 17% of the global EV market and represents a potential path for the mass market, according to the AlixPartners 2022 Global Automotive Outlook released Wednesday.<\/p>\n\n\n\n<p>That\u2019s because universal access to patents, coupled with the escalating prices of raw battery materials, is driving many automakers to home in on the advantages of iron-based batteries. To start, they cost less, don\u2019t use scarce raw materials like cobalt and nickel, and are less likely to catch fire.<\/p>\n\n\n\n<p>There have been warnings that a looming lithium supply shortage could cut the global EV sales forecast in 2030 to 25 million EVs, down from a projected 40 million, according to a report Tuesday from the Advanced Propulsion Centre, a partnership between the U.K. government and automakers.<\/p>\n\n\n\n<p>However, that hasn\u2019t appeared to stop the momentum toward LFP battery manufacture. Even if a lithium bottleneck slows production, the battery chemistry remains easier to produce than the NMC (nickel-manganese-cobalt) the industry currently favors, as those metals are in short supply, too.<\/p>\n\n\n\n<p>The same organization forecast that a quarter of EVs built in Europe will use LFP battery manufacture. Industry analysts have also become bullish on the prospect of LFP battery manufacture, projecting that the iron-based batteries will power entry-level and cheaper vehicles, while nickel-based cells will be used for higher-end and performance cars.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A slew of patents for lithium-iron-phosphate (LFP) &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[271],"_links":{"self":[{"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/posts\/1134"}],"collection":[{"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/comments?post=1134"}],"version-history":[{"count":0,"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/posts\/1134\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/media?parent=1134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/categories?post=1134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shalomeo.com\/blog\/wp-json\/wp\/v2\/tags?post=1134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}