Levelized Cost of Energy The graph is per ($/KWH) I expect lithium-ion battery LCOE to drop faster than the other solutions due to market forces arising from the proliferation of EVs (In 2010, a lithium-ion battery pack cost US$1,183 per kilowatt-hour. Less than a decade later, the price had dropped to nearly a tenth of that at US$156/kWh in 2019, according to BloombergNEF data)
The current retail price for this battery is $309.99. Over a 10-year lifespan, the battery is capable of 6,000 charge/discharge cycles at 80% DOD. Let’s assume one full charge/discharge cycle per day at a total capacity of 1.2 kWh per cycle.
Ben Kallo at equity analyst firm RW Baird believes that Tesla's current battery costs are ~$150 to ~$200 per kilowatt-hour, well below the industry average pack costs of ~$350 per kilowatt-hour
In summary, the total cost of ownership per usable kWh is about 2.8 times cheaper for a lithium-based solution than for a lead acid solution. We note that despite the higher facial cost of Lithium technology, the cost per stored and supplied kWh remains much lower than for Lead-Acid technology. The reason is related to the intrinsic qualities BNEF forecasts the average battery price will climb to $135 per kilowatt-hour in 2022, some 2% higher than a year earlier. taking the top spot in BNEF’s Global Lithium-Ion Battery Supply Figure 3 shows a time series of Li-ion battery prices at 2018 constant US dollars per kilowatt hour (KWh). Since 2010, the cost per KWh of Li-ion batteries has dropped by 87 per cent. In 2013, the average price of a lithium-ion battery was $780 per kilowatt-hour, according to the Bloomberg New Energy Foundation (BNEF). Fast forward by a decade, and the average battery cost is The price of lithium-ion battery packs has dropped 14% to a record low of $139/kWh, according to analysis by research provider BloombergNEF (BNEF). This was driven by raw material and component prices falling as production capacity increased across all parts of the battery value chain, while demand growth fell short of some industry expectations.
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  • li ion battery price per kwh