As we know that Tesla offers one of the longest-range and most energy efficient electric cars in the world. And Tesla is quickly expanding its production and sales, while its products are continuously evolving.
Tesla officially announced the switch of all standard range (entry-level) versions of its cars to the Lithium Iron Phosphate (LFP) battery chemistry globally.
The LFP batteries are less expensive than some of the other lithium-ion chemistries, like NCA and NCM, does not use cobalt, offers high-cycle life, fast charging and very good safety.
The main disadvantage is lower energy density.
Tesla can simply use a lower-energy dense battery chemistry in standard range cars, and still provide a decent range, north of 250 miles (approx. 402 km).
Other manufacturers might struggle to make such a switch, because their models are not efficient enough.
As many EVs have to have battery packs bigger than Tesla to offer a similar range to Tesla models.
It also limits the options with the LFP packs, because consumers will not necessarily be willing to buy 150-200-mile BEVs.
Manufacturers must achieve a certain efficiency level to be able to adapt LFP batteries to their entry-level EVs and remain competitive.
It has its implications, because to improve efficiency, OEMs would have to go all-in, with refine design and probably a lot of vertical integration.
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