Lithium ion battery cell price

Data

Lithium ion battery cell price

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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.

Lithium ion battery cell price
Average price of per in US dollars, not adjusted for inflation. The data includes an annual average and quarterly average prices of different chemistries commonly used in electric vehicles and renewable energy storage.
Source
Benchmark Mineral Intelligence (2024) – with minor processing by Our World in Data
Last updated
November 29, 2024
Next expected update
November 2025
Unit
current US$ per kilowatt-hour

Sources and processing

This data is based on the following sources

Historic prices on lithium ion battery cells.

Retrieved on
November 29, 2024
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
Benchmark Mineral Intelligence - Lithium ion batteries prices (2024).

Prices of different types of battery cells.

Retrieved on
November 29, 2024
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
Benchmark Mineral Intelligence - Batteries prices by chemistry (2024).

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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 Data

Full 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