C29 · Electric Vehicles · Global
Year-on-year decline in battery pack prices
Global: 20% in 2024.
- 20% Latest · Global · 2024
- Annual Release cadence
- 1 Record · 1 region · 2024
Verified 15 Sep 2026 · 1 publisher · Next period 2025
The figure
One published observation so far. A chart follows as soon as a second period is published.
Year-on-year decline in battery pack prices
Global, 2024
Every record
1 record · 1 region · 2024. Each period links to its record: the value, its source evidence and original document.
Download this data
Every file carries its provenance: the CSV has a source column per row, and the chart images print the publisher, the licence and this page's address under the drawing. Source: BNEF. Licence: CC BY 4.0.
Use and publication rights
- View, cite and link: free
Quote any number, cite this page or a single record, and link to it anywhere.
- Copy, chart and republish: free with attribution
The data is published under CC BY 4.0, commercial use included. Credit StatOrigin and the original publisher (BNEF); the chart files already carry that line.
- The source documents: the publisher's terms
Figures are facts read from the publishers' own documents. The documents themselves, their text and design, stay under each publisher's terms; follow the source links for those.
How this measure is built
- Definition
- Percentage decline in the average lithium-ion battery pack price in the region compared with the previous year.
- Measure
- One slice of Battery storage price ( form: growth, segment: lithium ion pack ) . Average capital or unit cost per unit of battery storage capacity. Region and period are columns on every record, not slices.
- Limitations
- Values are shown as published; StatOrigin does not revise, fill gaps or convert currencies.
- Verification
- Each value, unit, period and place was checked against its source evidence before publication. See the methodology and the corrections process.
Sources · 1 document
| Document | Publisher | Published | Data points |
|---|---|---|---|
| Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour | BNEF | 10 Dec 2024 | 1 |
Other slices of battery storage price
Frequently asked questions
What is the latest year-on-year decline in battery pack prices?
Global: 20% in 2024.
Where does this data come from?
From 1 document published by BNEF. Every figure on this page links to its record, which preserves the original source evidence.
How often is it updated?
Annual. The newest published period is 2024; the next release should cover 2025. A new figure appears here once the publisher releases it and it passes verification.
Can I use this data?
Yes. StatOrigin publishes it under CC BY 4.0: you may copy, chart and republish it, including commercially, with attribution to StatOrigin and to the original publisher.
Cite this page
Cite the page as a data set, or open any record to cite one figure: each record carries APA, MLA, Chicago and BibTeX forms that credit the original publisher.
StatOrigin. (2026). Year-on-year decline in battery pack prices [Data set]. Retrieved October 28, 2026, from https://statorigin.org/indicators/global-battery-pack-price-decline
"Year-on-year decline in battery pack prices." StatOrigin, 2026, https://statorigin.org/indicators/global-battery-pack-price-decline. Accessed 28 Oct. 2026.
StatOrigin. "Year-on-year decline in battery pack prices." Data set, 2026. Accessed October 28, 2026. https://statorigin.org/indicators/global-battery-pack-price-decline.
@misc{statorigin_global_battery_pack_price_decline_2026, title = {Year-on-year decline in battery pack prices}, author = {{StatOrigin}}, year = {2026}, url = {https://statorigin.org/indicators/global-battery-pack-price-decline}, note = {Data set. Accessed 2026-10-28} }