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Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 Per Kilowatt-Hour: BloombergNEF
December 11, 2024
LONDON, England, Dec. 11 -- BloombergNEF, a part of Bloomberg, issued the following news release:

New York, December 10, 2024 - Battery prices saw their biggest annual drop since 2017. 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). Factors driving the decline include cell manufacturing overcapacity, economies of scale, low metal and component prices, adoption of lower-co . . .

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