Battery pack value

How much does a battery pack cost in 2024?

The average price of a lithium-ion EV battery pack declined by 20% annually to $115 per kilowatt-hour (kWh) in 2024, BNEF’s survey found. While the IEA is more optimistic about battery pack prices falling below the $100/kWh threshold, it couldn’t ignore the Chinese dominance in battery production and its cheap battery packs.

How much does a 75 kWh battery cost?

The value of USD 115 per kilowatt hour at the pack level comes from BloombergNEF’s annual analysis of battery prices. For the study, the experts at BNEF analysed 343 ‘data points’ (i.e. known battery prices) from electric cars, electric buses and electric trucks. At 115 USD/kWh, a 75-kWh battery would cost 8,625 dollars or about 8,220 euros.

How much does a lithium ion battery cost?

Contact ACE Battery today to get the best pricing on high-performance lithium battery packs, cells, and energy storage solutions! Lithium-ion battery pack prices dropped 20% in 2024, reaching $115/kWh. EV battery prices dip below $100/kWh—explore the trends behind this decline.

How much does a car battery cost?

These are average values – some LFP packs are likely to be noticeably cheaper, while the battery packs of high-performance cars are slightly more expensive. In 2020, however, the costs were still at 140 dollars/kWh, which means that our two example batteries would have cost 10,500 and 7,000 dollars respectively.