Price of selected battery materials and lithium-ion batteries, 2015-2023. In 2022, the estimated average battery price stood at about USD 150 per kWh, with the cost of pack manufacturing accounting for about 20% of total battery cost, compared to more than 30% a decade earlier.
costs of Li-ion battery packs for BEV manufacturers. We show that industry-wide cost estimates declined by approximately 14% annually between 2007 and 2014, from above US$1,000 per kWh to around US$410 per kWh, and that the cost of battery packs used by market-leading BEV manufacturers are even lower, at US$300 per kWh, and has declined by 8%
Per Bloomberg New Energy Finance, EV industry average battery prices have declined from an average of around $384 per kilowatt-hour (kWh) in 2015 to about $137 per kWh in 2020, marking an average
The cost of sodium-ion battery cells is expected to be competitive with LFP cells. According to Chinese media sources, we can expect the first generation cells to cost $77 per kWh.
In this environment, cell manufacturers should focus on building plants that will be cost competitive from day one (for example, producing at about $70 per kWh in 2025 versus about $100 per kWh today). Past experience in battery manufacturing—but also in other capital-expenditure-heavy industries such as solar cell manufacturing and nuclear
Sulfur-ion and Sulfur-Lithium-Hybrids are also things now. Sulfur is a lot like sodium in most every way, but slightly cheaper (~$30/kwh vs. $40-55/kwh for sodium-ion and $130-$180/kwh for various lithiums, excluding LICs and LTOs) The sulfur-lithium hybrids are advantageous because they're still cheaper ($90-100/kwh) but provide HIGHER density than regular lithiums, rapid charge/discharge
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li ion battery cost per kwh
