Opting for a lithium battery for electric vehicles requires a large outlay, but is it worth it? The price of the lithium battery ranges between 3 and 20 thousand euros, depending on the size. To what extent does it make sense to make the leap to this technology that costs almost twice as much? It all depends on the return on investment, so we are going to see the implications, and all the benefits that this type of solution entails.
Is the price of the LifePO4 Lithium Battery worth it?
The automotive industry is advancing rapidly, and many are wondering if it is justified to pay more for lithium batteries. Compared to lead-acid ones, they are much more expensive. However, there are several good reasons to consider them a good investment.
1. Longer lifespan
When calculating whether the price of the lithium battery is a good investment, you must consider that it lasts up to ten years. This is a key point to see to what extent the purchase pays for itself. In addition to the possibility of prolonged use, this also implies that the vehicle could be sold with its functional battery half a decade later.
A NCPOWER battery with the use recommended in our manual can reach 4,000 charge cycles, 4 times more than the maximum number of charges reached by traditional batteries.
Batteries with shorter life need to be replaced more frequently and at least two lead acid batteries may be needed to last as long as one lithium-ion battery.
2. Longer run times
With this energy solution, you can drive longer before having to recharge.
- Lithium-ion batteries typically run for about 7.2 hours before needing a charge. And they can be safely discharged up to 20% of their capacity.
- Lead acid batteries, on the other hand, require charging after approximately 5.4 hours of use. And they can only be safely discharged up to 30% of their capacity.
This means that the electric vehicle will have greater performance throughout its useful life.
3. Less charging time
Being able to get the necessary battery in less time is undoubtedly another great advantage of lithium batteries. Additionally, some lithium EV batteries also have the ability to partially charge in less time, which is useful if you need to charge the battery quickly before a short trip.On the other hand, lithium-ion batteries take 1 to 2 hours to charge. They also allow partial charges, while lead acid batteries require 8 hours to charge and another 8 hours to cool down. This means that the true amount of time needed for a lead-acid battery to charge and return to working order is closer to 16 hours.
4. Lower labor costs
As a business investment, certainly reducing costs thanks to the electrification of vehicles with lithium batteries is a convincing argument. Electric vehicles have fewer moving parts and do not require oil, filter or spark plug changes.
5. More safety for the driver
The lead-acid battery contains sulfuric acid and other chemicals potentially dangerous to people. On the other hand, lithium is much safer in this sense. Of course, it can have other risks, such as fire, if the appropriate manufacture is not chosen.
Conclusion
In conclusion, electrifying vehicles with lithium-ion batteries is undoubtedly a smart investment. Not only does it last longer, improve productivity and save costs, it also offers great safety and is better for the environment.
With the demand for electric vehicles on the rise, the market for lithium batteries for electric vehicles is also growing. This means that investing in lithium batteries for electric vehicles can offer a long-term growth opportunity.