Elon Musk, CEO of Tesla, Inc., definitely believes so, as Tesla announced that the automaker will be switching to LFP battery chemistries for their standard-range electric vehicles, namely Model 3 and Model Y. In September, they have already asked their customers in the US who are Model 3 reservation holders if they would accept a car that had a battery made with LFP cells instead of the previously used Nickel-Cobalt-Aluminum Oxide (NCA) cells for Model 3 sedans sold in North America.
The key minerals for LFP batteries are easier to source due to their abundance. LFP batteries are also more stable and less prone to catching fire, which makes it safer. These types of batteries can also handle faster charging, can be charged to a higher percent, and can be used until it’s closer to empty without worrying too much about battery degradation.
Musk also said that 100% of Tesla’s stationary storage business – namely, its home Powerwall batteries for storing solar energy – would turn to LFP. Additionally, Tesla’s Megapack battery product will also be switching to LFP chemistry. The Megapack is a large-scale battery storage system that can be used to store electricity for later dispatch.
Tesla is not the only automotive manufacturer signaling a return to the LFP chemistry. Ford and Volkswagen have also announced that they will be using LFP batteries in some commercial and entry-level EVs.
Learn more about Tesla’s shift to LFP batteries here:
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