The battery can account for up to 35% of a vehicle’s total cost. McKinsey says that switching from NMC/NCA to LFP can reduce battery-pack costs by $10 to $20/kWh, or approximately $750 to $1,500 for a 75 kWh vehicle. Better aerodynamics, lower weight and more efficient thermal management can enable further downsizing of the battery. mckinsey.com 🇬🇧