Price of selected battery metals and lithium-ion battery packs, 2015-2025
“Battery pack price” refers to the volume-weighted average pack price of lithium-ion batteries across the electric vehicles and battery storage sectors. 2025 refers to data up to end of
Lithium-Ion Battery Pack Prices Fall to $108 Per Kilowatt-Hour,
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
Building new advantages for batteries by 2035 | McKinsey
The global lithium-ion (Li-ion) battery industry finds itself at a new inflection point. Demand for Li-ion batteries crossed the milestone threshold of 1.0 terawatt-hours (TWh) in 2024 and likely
Battery Pack Prices Fall Despite Metal Cost Surge
Battery Pack Prices Drop 8% to Record $108/kWh Despite Rising Lithium & Cobalt Costs in 2025 BloombergNEF reports that pack costs fell even as raw material expenses climbed, signaling
Lithium-Ion Battery Pack Prices Hit Record Low at $108/kWh
BloombergNEF finds 2025 lithium-ion battery pack prices dropped to $108/kWh amid LFP shifts and overcapacity; China saw the steepest declines.
BNEF: Li-ion battery prices fall despite rising metal prices
Volume-weighted average Li-ion battery prices, 2013-2025 Survey value for 2025 includes 320 data points from passenger cars, buses, commercial vehicles, two- and three-wheelers
2025 Battery Price Trends: Key Drivers & Future Projections
Consistent Price Decline: Lithium-ion battery pack prices have fallen dramatically over the past 15 years, with a projected average price of $113/kWh in 2025, down from $668/kWh in 2013 1.
Revising the Battery Cost Curve: Why 2025 Is $90/kWh
Revising 2025 global battery costs to $90/kWh using production-weighted China data, correcting procurement-biased benchmarks and shifting the energy tipping point earlier.
2025 Annual Battery Report
As the most-read industry report, Volta Foundation''s Battery Report summarizes the most significant developments in the battery industry. Crowd-sourced from top industry and academia
Global lithium-ion battery pack prices fall to $108/kWh, says BNEF
Battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% drop from 2024, making it the cheapest lithium-ion category for the first time, according to BloombergNEF (BNEF).
4 Frequently Asked Questions about "2025 pack lithium battery"
How much do EV batteries cost in 2025?
Stationary storage costs plunged 45%, EV packs averaged $99/kWh, with China leading lowest prices. 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 from 2024 despite higher costs for key battery metals.
Are lithium-ion battery pack prices dropping 8% since 2024?
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).
Why did lithium-ion prices drop 8% in 2025?
BloombergNEF's 2025 survey finds average lithium-ion pack prices dropped 8% to $108/kWh, driven by LFP adoption, overcapacity, and competition. Stationary storage costs plunged 45%, EV packs averaged $99/kWh, with China leading lowest prices.
How much does a battery cost in 2025?
While the headline figure of $108/kWh is impressive, the real story for 2025 might lie in the stationary storage sector. Battery pack prices for stationary storage have plummeted to $70/kWh, a staggering 45% drop from 2024.
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