You are here

4 Benefits of LFP Batteries for EVs

Written By Tessa Di Grandi

Graphics & Design

  • Zack Aboulazm

Published May 29, 2023

Updated May 29, 2023

  • Twitter
  • Facebook
  • LinkedIn
  • Reddit
  • Pinterest
  • Email

The following content is sponsored by First Phosphate

LFP Batteries for Electric Vehicles

Even though the technology behind EVs has evolved significantly over the past decade, batteries have always been a critical component. 

Lithium iron phosphate (LFP) batteries are becoming an increasingly popular choice for standard-range EVs, with major automotive producers like Tesla and Ford introducing LFP-powered vehicles into their catalog. 

In this infographic, our sponsor First Phosphate highlights the advantages of using LFP cathode batteries in EVs.

Benefit 1: Safety

LFP batteries are among the safest types of lithium-ion batteries, with a low risk of overheating and catching fire.

These batteries are less prone to thermal runaway and do not release oxygen if they catch fire, making them safer than other lithium-ion batteries.

Benefit 2: Long Life Cycle

LFP batteries have a longer lifespan than other types of lithium-ion batteries due to their low degradation rate. Meaning they can be charged quickly without significant battery damage, therefore leading to a longer lifespan.

LFP batteries can also withstand a larger number of charge and discharge cycles, meaning they can last longer before needing to be replaced.

Benefit 3: Cost-Effective

The materials used to produce LFP batteries are also relatively cheap compared to other types of lithium-ion batteries.

The main cathode materials used in LFP batteries are iron and phosphate, and they are in relative abundance in contrast to other battery metals. This makes them a cost-effective option for a variety of energy storage applications.

Benefit 4: Environmentally Sustainable

LFP batteries are environmentally sustainable because they are non-toxic and do not contain harmful heavy metals such as cobalt or nickel.

The materials used in these batteries are easier to source ethically, which makes them a more sustainable option than other types of lithium-ion batteries.

What’s Inside the Battery?

Most EVs utilize battery packs consisting of multiple individual battery cells. Similar to other types of lithium-ion batteries, LFP battery cells are made up of several components.

Cathode 43%
Anode 31%
Electrolyte 20%
Cell Container 4%
Separator 2%

The cathode is the battery’s positive electrode and impacts its performance. It determines aspects such as energy capacity, charging and discharging speed, and the risk of combustion.

In LFP batteries, the cathode composition consists of three elements.

Phosphate 61%
Iron 35%
Lithium 4%

Today, these batteries are becoming increasingly popular in standard-range EV models. LFP market share has significantly increased, reaching its highest share in the past decade at 30% of the market in 2022, according to the International Energy Agency (IEA).

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the LFP battery industry.

Click here to download First Phosphate’s Investor Deck now.


Please enable JavaScript in your browser to complete this form.Subscribe to our free newsletter and get your mind blown on a daily basis: *Sign up

Related Topics: #batteries #lithium ion batteries #evs #LFP Batteries #Lithium Iron Phosphate Batteries #First Phosphate

Click for Comments

var disqus_shortname = "visualcapitalist.disqus.com";
var disqus_title = "4 Benefits of LFP Batteries for EVs";
var disqus_url = "https://www.visualcapitalist.com/sp/4-benefits-of-lfp-batteries/";
var disqus_identifier = "visualcapitalist.disqus.com-158159";

You may also like

  • Energy4 days ago

    Mapped: Renewable Energy and Battery Installations in the U.S. in 2023

    This graphic describes new U.S. renewable energy installations by state along with nameplate capacity, planned to come online in 2023.

  • Batteries3 weeks ago

    How EV Adoption Will Impact Oil Consumption (2015-2025P)

    How much oil is saved by adding electric vehicles into the mix? We look at data from 2015 to 2025P for different types of EVs.

  • Automotive1 month ago

    Global EV Production: BYD Surpasses Tesla

    This graphic explores the latest EV production data for 2022, which shows BYD taking a massive step forward to surpass Tesla.

  • Batteries4 months ago

    Visualizing China’s Dominance in Battery Manufacturing (2022-2027P)

    This infographic breaks down battery manufacturing capacity by country in 2022 and 2027.

  • Batteries5 months ago

    Visualizing 25 Years of Lithium Production, by Country

    Lithium production has grown exponentially over the last few decades. Which countries produce the most lithium, and how how has this mix evolved?

  • Energy8 months ago

    The Top 10 EV Battery Manufacturers in 2022

    Despite efforts from the U.S. and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers.

Subscribe

Please enable JavaScript in your browser to complete this form.Join the 380,000+ subscribers who receive our daily email *Sign Up

The post 4 Benefits of LFP Batteries for EVs appeared first on Visual Capitalist.