Battery prices down 14% this year, as per BloombergNEF

Published 1.11.2023

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BloombergNEF said in its latest annual study on lithium-ion batteries that the average price of battery packs has fallen this year to $139/kWh, or 14% less than the average of $161/kWh in 2022. To calculate this average price, BNEF conducted more than 300 surveys among buyers and sellers of lithium-ion batteries for electric passenger vehicles, commercial vehicles, buses, two- and three-wheeled vehicles, and energy storage applications.

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