With electric ones there is a major problem in some countries like ours. The poor infrastructure and its high price They make many users not dare to take the leap and their demand is still very low. The first issue will be solved little by little with investment, while the second will be solved by advancing in technological terms. In fact, there are brands that speak of that moment of reducing costs. Ford will do it with LFP batteriesin which you are going to invest due to its potential.
These batteries that announces the signature of the oval have a lithium iron phosphate composition which makes them more accessible and cheaper to manufacture. In fact, they are going to dedicate a game of 3,500 million dollars to build what will be their first LFP battery plant. It will be in Michigan, United States, and will open its doors in 2026, although the technology will arrive this year to Europe via the Ford Mustang Mach-E. The electric SUV could lower its price considerably while maintaining some benefits.
The key is that, due to their composition, LFP batteries use less expensive materials in high demand, that makes it possible to reduce production costs. It will result in a more contained price for electricians who carry them and will also provide a plus to the customer. Because they can be chosen together with the current nickel cobalt manganese (NCM) and it will be the customer who chooses what suits their needs. The new ones from LFP also have the advantage of being very durable and tolerate more frequent loads.
Therefore, this new variety helps to not depend so much on materials such as nickel or cobalt, while maintaining the commitment to sustainability. In the medium term, availability and affordability for customers will be improved. In fact, the goal is for Ford to go from an annual production of 600,000 electric vehicles by the end of this year to the two million by 2026. The first to release these batteries will be the Mustang Mach-E this year and the F-150 Lightning in 2024. We’ll see how their technical data is when they arrive.
