Another major concern for lithium chemistry batteries are the safety issues to users and to the environment. Lithium Iron Phosphate batteries does not have toxic materials as compared to another/other lithium-based batteries, the lithium cobalt dioxide is a hazardous solution which can cause allergic reactions to the eyes and skin and can cause serious medical consequences when swallowed.
It is also a cheaper alternative to other lithium battery products because compared to cobalt, iron and phosphate are economical to produce, and since LiFePO4 does not contain toxic materials, manufacturers do not need to allocate more budget to purchase other machineries or equipment in order to recycle.