Lithium iron phosphate (LFP) batteries are renowned for their longevity and safety; they can often withstand more than 3,000 charge cycles, and the best-performing models can last up to 6,000 cycles. They perform better in stationary applications like energy storage and electric buses, where durability and safety are more crucial than compactness, but they are bulkier for the same capacity since they are less energy-dense than NMC. They struggle in cold climates but do well in hot ones. Because LFP batteries don’t contain dangerous substances like cobalt, they are also more economical and safer for the environment. The long cycle life and stability under stress make them an excellent choice for long-term use in less space-constrained environments.