Lithium-ion battery pack price
Volume-weighted average pack price, $/kWh.
About this data
Pack prices fell to $108/kWh in 2025, an 8% drop on 2024 and roughly 93% below the 2010 level. The decline continued despite rising battery-metal costs, driven by cell-manufacturing overcapacity, intense price competition and the shift to lower-cost lithium iron phosphate (LFP) chemistry.
Lithium-ion battery pack price
Volume-weighted average pack price, $/kWh.
Data table
| year | series | usd_kwh | source_ref | value_basis |
|---|---|---|---|---|
| 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 |
Methodology & sources
Last updated: Aug 14, 2026Methodology
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
Comparisons are informative, not definitive. See each source for definitions and limits.