The global drive behind the electrification of transport has put rechargeable batteries, particularly lithium ion batteries, at the fore.  The drive towards electrification is twofold. The first is driven by sustainability issues and the limited global supply of oil, the second by climate change and concerns over air pollution and greenhouse gas emissions. An electric vehicle has zero fossil fuel consumption and, depending on the source of electricity, will reduce greenhouse gas emissions by up to 90%, or even 100% if renewable sources such as solar or wind power are used.

Table 1: Comparison of BEVs, HEVs and Petrol cars in Australia. (Toyota models with 1.8l engines.)
BEV Toyota Prius 1.8l HEV Toyota Corolla 1.8l Petrol
Fuel Consumption (Urban) 0 3.9l/100km 9.7l/100km
CO2 emission 0 89g/km 171g/km
Pollution – Hydrocarbons (HC) 0 0.035g/km 0.13g/km
Pollution – Nitrogen Oxides (NOx) 0 0.028g/km 0.08g/km

Note: Assuming recharging of battery with 100% renewable energy

Fossil fuels account for approximately 85% of greenhouse gas emissions and transportation accounts for 63% of the demand for oil in the US. Estimates suggest that the global supply of oil will run out in 44 to 100 years indicating an imminent need to find effective alternatives for transport that replace fossil fuels. VSPC is well positioned to meet this need by developing technology that will advance the performance of electric cars in the near future.

Lithium iron phosphate batteries have seven advantages:

  • Long life
  • Safety
  • Performance
  • Withstand high temperature
  • Improved green house gas emissions
  • Environmental impact
  • Fossil Fuels

For technical advantages click here