Year-on-year decline in battery pack prices
RecordSTO-01M2HY9T5Y-8Q942ASAAP-R3YCCZ
Global · 2024
Year-on-year decline in battery pack prices worldwide was 20% in 2024 (BNEF).
Year-on-year decline in battery pack prices: every country and year, and how it is measured
- Publisher
- BNEF
- Authority tier
- T3 Research
- Report
- Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour
- Locator
- Lead paragraph
- Retrieved
- 14 Sep 2026
- Status
- Verified
What the source says
Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to analysis by research provider BloombergNEF (BNEF).
Checked: the figure 20%is stated in this passage. If it does not match, the extraction is wrong and we want to know.
Cite this figure
APA
BloombergNEF. (2024). Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour. Retrieved September 14, 2026, from https://about.bnef.com/insights/commodities/lithium-ion-battery-pack-prices-see-largest-drop-since-2017-falling-to-115-per-kilowatt-hour-bloombergnef/. Via StatOrigin, https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCCZ
Other formats: MLA, Chicago, BibTeX
- MLA
- BloombergNEF. "Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour." 2024, https://about.bnef.com/insights/commodities/lithium-ion-battery-pack-prices-see-largest-drop-since-2017-falling-to-115-per-kilowatt-hour-bloombergnef/. Accessed 14 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCCZ.
- Chicago
- BloombergNEF. "Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour." 2024. https://about.bnef.com/insights/commodities/lithium-ion-battery-pack-prices-see-largest-drop-since-2017-falling-to-115-per-kilowatt-hour-bloombergnef/. Accessed September 14, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCCZ.
- BibTeX
- @misc{bnef2024batteryr3yccz, author = {{BloombergNEF}}, title = {Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to \$115 per Kilowatt-Hour}, year = {2024}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCCZ}, note = {Original source: https://about.bnef.com/insights/commodities/lithium-ion-battery-pack-prices-see-largest-drop-since-2017-falling-to-115-per-kilowatt-hour-bloombergnef/. Accessed September 14, 2026.} }
Data published under CC BY 4.0. The citation credits the original publisher and links to this permanent record.
Provenance and verification
Everything needed to check this number yourself, without taking our word for it.
Primary source
- Publisher
- BloombergNEF · homepage ↗
- Authority tier
- Tier 3 · Research and companies
- Report
- Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour
- Type
- Press release
- Published
- 10 December 2024
- Locator
- Lead paragraph
- Retrieved
- 14 September 2026
- Link status
- Reachable (HTTP 200)
- Report licence
- Proprietary report; figure taken from its public summary
Verification
- Status
- Verified
- Review protocol
- Editorial review
- Checked on
- 15 September 2026
- Last revision
- 15 September 2026
- Permanent URL
- /stat/stat_01M2HY9T5Y8Q942ASAAPR3YCCZ