Lithium-Ion Battery Pack Prices Hit Record Low at $108/kWh
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
According to BloombergNEF's 2025 Lithium-Ion Battery Price Survey, lithium-ion battery pack prices have fallen 8% since 2024, reaching a record low of $108 per kilowatt-hour.
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price. The cost of lithium-ion batteries per kWh decreased by 20 percent between 2023 and 2024. Lithium-ion battery price was about 115 U.S. dollars per kWh in 202.
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).
In 2024, the average global prices of lithium-ion batteries dropped by 20%, reaching $115 per kWh. For electric vehicle batteries, the price fell below $100 per kWh Why Are Lithium Battery Prices Falling?
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
Price of lithium-ion battery cells, 1991 to 2024 Representative estimate of the price of battery cells for lithium-ion batteries, across all major cell chemistries. Prices are in US dollars per
Lithium-ion battery pack prices fell 20% in 2024 to $115/kWh. Discover what this means for EVs, battery energy storage systems, and commercial & industrial energy storage.
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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 (BNEF).
Lithium-ion battery pack prices fell to a record $108/kWh in 2025, fueled by LFP adoption and global competition.
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).
The cost of lithium-ion batteries per kWh decreased by 20 percent between 2023 and 2024. Lithium-ion battery price was about 115 U.S. dollars per kWh in 202.
The slight pullback in pricing has primarily been attributed to weaker battery and electronics sector demand along with stabilizing raw material costs. In China, the leading producer and
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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