LFP (lithium iron phosphate) batteries don’t have quite the energy density of batteries that use cobalt and nickel, but they do have one distinct advantage — the raw materials needed to manufacture them are abundant, inexpensive, and available in almost every country in the world. As a result, they tend to be less expensive as well. Today, nickel prices have spiked to insane new heights, further highlighting the cost differential between LFP and conventional batteries. Higher nickel prices have already led automakers to raise the sale price of many EVs that are currently on the market.
A big portion of new car buyers are now buying fully electric cars. But more are buying non-electric cars. If you’ve been in the bigger, latter group, what’s keeping you from an EV as your next car?Read More
Jalopnik published an article boasting that “Driving 100 Miles in an EV Is Now More Expensive Than in an ICE.” That would be a very interesting update if it were generally true.Jon Witt writes that he heard a similar argument from another EV group recently, so he consulted the back of an envelope to check the […]
BMW is accelerating its electric vehicle production plans, announcing an € 800 million (about $864 million) investment to prepare its San Luis Potosí plant in Mexico for the incoming wave of next-generation Neue Klasse EVs.Read More