Lithium-Ion Battery Prices (Weighted Average per Cell)

Source Research:

Zero-Emission Vehicle Adoption in Fleets: Investments, Use Cases, Reduced Costs, Regulations, and Infrastructure

Research Report | 10 May 2023 | AN-5483

Lithium-ion battery costs have fallen by over 85% since 2010, and this trend is expected to continue. As battery costs decrease, the price of EV trucks will also decrease. This chart shows the fall in the global average price (weighted average per cell) of lithium-ion batteries that has made electric cars much more reliable.