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$70/kWh! The cost of lithium-ion battery pack will decline in 2030

According to a survey by Bloomberg New Energy Finance (BNEF), the average cost of lithium-ion battery packs worldwide in 2017 was $209/kWh (lithium battery itself $147/kWh) compared to 2016 ( $273/kWh) fell by 24%; compared to 2010 ($1,000/kWh), it fell by 79%.

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According to a survey by Bloomberg New Energy Finance (BNEF), the average cost of lithium-ion battery packs worldwide in 2017 was $209/kWh (lithium battery itself $147/kWh) compared to 2016 ($273) / kWh) a drop of 24%; compared to 2010 ($1,000 / kWh) a 79% drop.

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BNEF predicts that the average cost of a lithium-ion battery pack in 2025 can be reduced to $96/kWh; It will be $70/kWh in 2030. By 2030, the global demand for lithium-ion battery packs will reach 1.6 billion kWh, 80% of which will be used for electric vehicles, and the rest will be mainly used for electric buses.

 

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Huang | Director of R&D

With 20+ years of experience in lithium battery engineering, Huang specializes in battery selection, system design, and certification compliance for industrial and device-level applications.

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