A new kind of battery could make American EVs cheaper and safer, experts say. But first, it will have to overcome trade barriers between the United States and China.
If you bought an EV with a lithium iron phosphate (LFP) battery, you could expect lower car payments, less fire risk and more years of use out of your car — but you wouldn’t be able to go as far on a single charge as you could with the nickel manganese cobalt (NMC) batteries commonly found in American and European electric cars. That trade-off has made LFP batteries the go-to choice for standard-range EVs in China, helping to make electric cars more affordable and limit pollution.
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