Li-ion battery pack prices fell 8% since last year despite metals
Cell manufacturing overcapacity and intense competition contributed to an 8% year-on-year decline in the average cost of lithium-ion battery packs, according to BloombergNEF (BNEF).
Cell manufacturing overcapacity and intense competition contributed to an 8% year-on-year decline in the average cost of lithium-ion battery packs, according to BloombergNEF (BNEF).
According to the latest analysis released this week by BloombergNEF (BNEF), the volume-weighted average price for lithium-ion battery packs has fallen 8% from 2024 levels to a
Declines in the cost of lithium-ion battery packs have been pronounced across 2024, plunging by 20% to land at US$115 per kWh. In the electric vehicle (EV) sphere, we''re seeing prices
According to BNEF, battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% decrease from 2024. This represents the steepest decline among all lithium-ion battery use
11 December 2025 Lithium-ion battery pack prices have dropped 8% since 2024 to a record low of $108 per kWh, according to the latest battery price survey by BloombergNEF (BNEF). Prices have
New York – December 9, 2025 – According to BloombergNEF''s 2025 Lithium-Ion Battery Price Survey, average pack prices have fallen to a record low of $108 per kilowatt-hour, marking an 8% decline
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
This cost estimate, an average of NMC and LFP pack costs, is derived using updated material prices and the peer reviewed, publicly available BatPaC battery cost modeling software developed at
Average battery pack prices were lowest in China, at $84/kWh. Pack prices in the North America and Europe were 44% and 56% higher, reflecting higher local production costs and greater
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. This reflects the
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