Pack price by region, 2025
Average pack price, $/kWh. China is the global low.
About this data
China averaged $84/kWh in 2025. North American prices ran 44% higher and European prices 56% higher — a gap that is the single clearest cost disadvantage facing non-Chinese EV manufacturing, and the reason tariff policy has become central to the sector.
Pack price by region, 2025
Average pack price, $/kWh. China is the global low.
Data table
| region | series | usd_kwh | source_ref | value_basis |
|---|---|---|---|---|
| China | regional_price | 84 | bnef-2025-survey | Lowest regional average pack price, $84/kWh, 2025 |
| North America | regional_price | 121 | bnef-2025-survey | North America 44% above China’s $84/kWh, 2025 (84 × 1.44) |
| Europe | regional_price | 131 | bnef-2025-survey | Europe 56% above China’s $84/kWh, 2025 (84 × 1.56) |
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.