Part 2/8:
Historically, there has been a prevailing belief that lithium-ion phosphate (LFP) batteries were superior to their nickel cobalt manganese (NCM) counterparts, primarily due to their supposed lower battery degradation rates. However, recent studies suggest that this distinction may not be as clear-cut as once thought. The differences between LFP and NCM batteries are minimal when it comes to degradation, a revelation that has startled many in the EV community, including prominent commentators.