BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021
Green Car Congress
DECEMBER 1, 2021
Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). This marks a 6% drop from $140/kWh in 2020. On a regional basis, battery pack prices were cheapest in China, at $111/kWh.
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