About Suppose the cost of lithium ion batteries
The cost of lithium-ion batteries varies depending on the type of battery and the year. According to BloombergNEF, the average lithium-ion battery costs $151 per kilowatt-hour (kWh), and the average battery-powered electric vehicle (BEV) battery costs $138 per kWh1. In 2021, the average per kWh cost was $1411. However, overall Li-ion costs have dramatically decreased over the last ten years1. In 2023, the cost of lithium-ion batteries per kWh was about 139 U.S. dollars2.
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