Battery Pack Prices

Lithium-ion battery pack costs per kWh and the regional cost gap that shapes EV manufacturing economics.

Curated snapshot Last updated: Aug 14, 2026 5 data points

Lithium-ion battery pack price

Volume-weighted average pack price, $/kWh.

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Pack price by region, 2025

Average pack price, $/kWh. China is the global low.

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Data table

Battery Pack Prices — full data table
year	series	usd_kwh	source_ref	value_basis	region
2023	pack_price	139	bnef-2023-survey	BNEF 2023 survey — $139/kWh volume-weighted average pack price
2025	pack_price	108	bnef-2025-survey	BNEF 2025 survey — $108/kWh, down 8% on 2024
	regional_price	84	bnef-2025-survey	Lowest regional average pack price, $84/kWh, 2025	China
	regional_price	121	bnef-2025-survey	North America 44% above China’s $84/kWh, 2025 (84 × 1.44)	North America
	regional_price	131	bnef-2025-survey	Europe 56% above China’s $84/kWh, 2025 (84 × 1.56)	Europe

Methodology & sources

Last updated: Aug 14, 2026

Methodology

Prices are BloombergNEF’s annual volume-weighted average PACK price (not cell price), covering both EV and stationary-storage demand. Pack prices sit above cell prices by the cost of the module, housing, thermal management and BMS — comparing a pack figure to a cell figure is a common error and would overstate the decline. CAVEAT: only 2023 and 2025 are seeded on the trend chart. BNEF publishes a full annual series, but the two releases cited here give levels for those two years only; 2024 is expressible only as "8% above 2025", which is a derivation rather than a published value, so it is omitted. The regional bars for North America and Europe ARE derived — BNEF publishes them as premia (+44% and +56%) over the published China level of $84/kWh. The arithmetic is stated in each value_basis so the derivation is visible rather than hidden. Re-verified 2026-08-10.

Sources

BloombergNEF — Lithium-ion battery pack prices fall to $108/kWh ↗ Public report
BloombergNEF — Battery pack prices hit record low of $139/kWh ↗ Public report
ESS News — BNEF: pack prices fall to $108/kWh, stationary storage lowest segment ↗ Public report

Comparisons are informative, not definitive. See each source for definitions and limits.