Techno-Economic Suitability of Batteries for Different Mobile Applications—A Cell Selection Methodology Based on Cost Parity Pricing

Abstract

Rapid advancements in lithium-ion battery (LIB) technology have paved the way for the electrification of diverse applications, with continuous improvements in performance, substantial cost reductions, and the emergence of new manufacturers, formats, and cell chemistries. However, this diversity poses challenges in identifying the most suitable battery cells for specific applications. Here, we present a high-level techno-economic framework for cell selection, leveraging an extensive database of over 500 real-world cells, techno-economic analyses of emerging applications, and a Python-based modeling approach. We apply this method to three electrifiable mobile applications with distinct characteristics: battery electric cars, industrial forklifts, and regional passenger trains. Our results emphasize substantial variations in technical requirements, from power capability to energy density or longevity. We observe no particular differentiation according to cell formats, but tendencies for most suitable chemistries per application. No cell is suitable for all applications, particularly regarding the required maximum cell costs to ensure profitability, ranging from a few to several hundred Euros per kWh to achieve cost parity with a state-of-the-art reference technology. These findings highlight the importance of tailored cell selection strategies for decision makers to optimize performance and cost-effectiveness across different applications.