Lithium ion battery cell price
What you should know about this indicator
Lithium iron phosphate (LFP) and lithium nickel manganese cobalt oxide (NCM) are two types of rechargeable batteries commonly used in electric vehicles and renewable energy storage.
Sources and processing
This data is based on the following sources
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Citations
How to cite this page
To cite this page overall, including any descriptions, FAQs or explanations of the data authored by Our World in Data, please use the following citation:
“Data Page: Lithium ion battery cell price”, part of the following publication: Hannah Ritchie, Pablo Rosado and Max Roser (2023) - “Energy”. Data adapted from Benchmark Mineral Intelligence. Retrieved from https://ourworldindata.org/grapher/average-battery-cell-price [online resource]How to cite this data
In-line citationIf you have limited space (e.g. in data visualizations), you can use this abbreviated in-line citation:
Benchmark Mineral Intelligence (2024) – with minor processing by Our World in DataFull citation
Benchmark Mineral Intelligence (2024) – with minor processing by Our World in Data. “Lithium ion battery cell price” [dataset]. Benchmark Mineral Intelligence, “Lithium ion batteries prices”; Benchmark Mineral Intelligence, “Batteries prices by chemistry” [original data]. Retrieved March 4, 2025 from https://ourworldindata.org/grapher/average-battery-cell-price