The electric vehicle market, the primary driver for lithium-ion batteries, grew more slowly than in previous years but still showed the lowest price at $97 per kWh. Meanwhile, the stationary storage market has surged, with intense competition among cell and system suppliers, particularly in China.
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.
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?
Meanwhile, the stationary storage market has surged, with intense competition among cell and system suppliers, particularly in China. 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.
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). Continued
Lithium powers lithium-ion batteries for EVs, energy storage, and electronics. Trusted price data help producers and buyers meet rising demand in the global clean energy transition.
While China only accounts for roughly a quarter of the world''s raw lithium supply, it holds a virtual monopoly on processing capacity. China produces an estimated 80% of the entire world''s lithium-ion
Lithium metal price trend analysis with weekly real time pricing forecasts, outlook, market trends, historical data and spot prices.
Lithium-ion (Li-ion) battery pack prices dropped 20% from 2023 to a record low of $115/kWh, the most significant annual decline since 2017, according to BloombergNEF (BNEF). The price reflects a global
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 45%, EV packs
Lithium-ion battery cell prices by chemistry Average price of battery cells per kilowatt-hour in US dollars, not adjusted for inflation. The data includes an annual average and quarterly average prices of
The decline in prices is attributed to several factors, including excess battery cell production capacity, economies of scale, low metal and component prices, and the adoption of low-cost lithium iron
According to BNEF, battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% decrease from 2024. This represents the steepest decline among all lithium-ion battery use cases and and
Lithium-ion battery pack prices fell to a record $108/kWh in 2025, fueled by LFP adoption and global competition.
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