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Market Intelligence
ChemistryLFPLithiumCost Curve

The Battery Chemistry Roadmap

Tracking the decline of $/kWh costs and the rise of cobalt-free chemistries.

February 10, 2025
3 Min Read
Verified Source

Pack Price

$139

Per kWh (2023)

LFP Share

40%+

Global Market

Density

500 Wh/kg

Solid State Target

Executive Summary

Battery pack prices have fallen 89% since 2010. The next phase of cost reduction relies on material science breakthroughs and supply chain localization.

The Rise of LFP (Lithium Iron Phosphate)

Once considered a budget alternative, LFP chemistry has captured nearly half the global market due to its durability, safety, and zero-cobalt supply chain. Major OEMs are utilizing LFP for standard-range models to aggressively lower MSRPs and compete with internal combustion engines on sticker price.

Supply Chain Sovereignty

The "Battery Belt" emerging in North America and Europe is reshaping global logistics. Localization of cathode production is critical for qualifying for subsidies and reducing geopolitical risk. Tracking this complex supply chain requires a centralized data node—a role EV.NET is architected to fulfill.

Strategic Opportunity

Own the Digital Infrastructure

As the market for Chemistry matures, authoritative digital real estate becomes scarce. EV.NET is the category-defining asset for this sector.

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