“LFP has both positive and negative trade-offs,” said Sam Abuelsamid, Guidehouse Insights principal analyst. “It’s significantly cheaper and doesn’t require any nickel or cobalt. It’s also more stable, which makes it safer.”
One major downside: The cells are less energy-dense, which means they offer lower range for the same weight as other cells. Cold weather also affects them more, Abuelsamid said.
