Global average lithium-ion battery pack prices have fallen 20% to US$115 per kWh this year, going below US$100 for electric vehicles (EVs), BloombergNEF said.
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The figures represent the global average for the primary applications of lithium-ion batteries, including electric vehicles, electric buses, and stationary storage projects, excluding
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Over recent years, high-scale production and capital investment into the battery production process have made lithium-ion battery packs cheaper and more efficient. This demonstrates a...
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Janu: Volta Foundation forecasts that battery pack prices will dip below $100 per kWh in the year ahead. Global battery prices at the pack level fell 9% to a record low of $108 per kWh in 2025,
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BloombergNEF finds 2025 lithium-ion battery pack prices dropped to $108/kWh amid LFP shifts and overcapacity; China saw the steepest declines.
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Lithium-ion battery pack prices fell to a record $108/kWh in 2025, fueled by LFP adoption and global competition.
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While the pace of price decreases has slowed, lithium-ion battery packs have reached a new record low in 2025. According to the latest analysis by BloombergNEF (BNEF), prices have
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Average battery pack prices were lowest in China, at $84/kWh. Pack prices in the North America and Europe were 44% and 56% higher, reflecting higher local production costs and greater
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The Global Soft Pack Lithium Battery Packaging Material Market was valued at USD 1.347 Billion in 2025 and is projected to reach USD 3.773 Billion by 2034, growing at a Compound Annual
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Lithium-Ion Battery Market is forecasted to reach USD 377.6 billion by 2035 and exhibiting a remarkable 15.8% CAGR between 2025 and 2035.
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