A new BNEF report finds that lithium-ion battery prices fell by 20% in 2024. That's the biggest drop in prices since 2017.
https://23917781.fs1.hubspotusercontent-na1.net/hubfs/23917781/BNEF%202024%20Battery%20Price%20Survey%20Executive%20Summary%20vF.pdf
https://23917781.fs1.hubspotusercontent-na1.net/hubfs/23917781/BNEF%202024%20Battery%20Price%20Survey%20Executive%20Summary%20vF.pdf
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"This year we observe an 18% learning rate on the experience curve, one point higher compared to last year. This means for every cumulative doubling of lithium-ion battery packs deployed, prices have come down by 18%."
- Passenger battery electric vehicles: $97/kWh (down 27%)
- PHEVs: $320/kWh
- Stationary storage: $125/kWh