LFP batteries are well suited for Tesla to contribute to the efficiency advantage of Tesla vehicles. LFP batteries are cheap and abundant. They rest concerns about battery minerals at rest.
Dr. Maximilian Holland has published a very interesting story at Clean Technica writing "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."
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.