Prices of Lithium Battery Packs and Cells: Updated Data
In 2024, the average global prices of lithium-ion batteries dropped by 20%, reaching $115 per kWh. For electric vehicle batteries, the price fell below $100 per kWh
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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price. The cost of lithium-ion batteries per kWh decreased by 20 percent between 2023 and 2024. Lithium-ion battery price was about 115 U.S. dollars per kWh in 202.
Meanwhile, the stationary storage market has surged, with intense competition among cell and system suppliers, particularly in China. Regionally, the average prices of lithium battery packs were lower in China, at $94 per kWh, while prices in the U.S. and Europe were 31% and 48% higher, respectively.
Calculate the kWh of your battery using the formula, amp hours x voltage/ 1000. For instance, the kWh for a 12 Ah/ 100V battery will be 1.2kWh. An average lithium battery costs around $139 per kWh in 2024. Learn all about the price trends, battery comparisons, and factors that decide these battery prices.
Lithium, cobalt, and nickel are the most important components. Their prices often change due to supply and demand. In recent years, lithium prices have dropped sharply. This happened because more companies started mining lithium and demand slowed down. BloombergNEF reports that battery pack prices closely follow raw material costs.
In 2024, the average global prices of lithium-ion batteries dropped by 20%, reaching $115 per kWh. For electric vehicle batteries, the price fell below $100 per kWh
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Executive Summary In this work we describe the development of cost and performance projections for utility-scale lithium-ion battery systems, with a focus on 4-hour duration systems. The projections are
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Up-to-date lithium battery cost guide with a detailed USD/Wh table: wholesale pack averages, and retail examples (EcoFlow, BLUETTI, Jackery, UDPOWER). Learn what drives $/Wh
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What is the cost per kWh of lithium-ion batteries? As per BloombergNEF, the average price of a lithium battery for electric vehicles is approximately $139 per kWh.
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Average price of battery cells per kilowatt-hour in US dollars, not adjusted for inflation. The data includes an annual average and quarterly average prices of different lithium-ion battery
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Prices depend on battery chemistry, like LFP or NMC, and geography, such as China or the West. For electric vehicle packs, costs range from $7,000 to $20,000. In mass production of
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Across all uses, LFP pack prices averaged $81/kWh, while nickel manganese cobalt (NMC) packs averaged $128/kWh. Regionally, China reported the lowest average pack price at
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The average lithium ion battery costs about $151 per kWh, but prices keep dropping as technology improves. Lithium batteries last much longer than lead-acid batteries, often reaching
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The cost of lithium-ion batteries per kWh decreased by 20 percent between 2023 and 2024. Lithium-ion battery price was about 115 U.S. dollars per kWh in 202.
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New York, December 9, 2025 – lithium-ion battery pack prices have dropped 8% since 2024 to a record low of $108 per kilowatt-hour, according to latest analysis by research provider BloombergNEF (BNEF).
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