'Historic milestone': Battery pack prices fall under critical $100/kWh mark for first time

Cecilia Keating
clock • 3 min read

Update from BloombergNEF reveals battery pack prices have plummeted from $1,100 per kWh in 2010 to $137 per kWh in 2020, powered by soaring EV sales, cheaper materials, and manufacturing and tech innovation

Lithium-ion battery pack prices have for the first time dropped under the $100 per kWh threshold widely regarded to be the price point required where electric vehicles (EVs) will be able match the upfront...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

 Study estimates global EV charge point numbers could surpass 200 million by 2040

Study estimates global EV charge point numbers could surpass 200 million by 2040

Wood Mackenzie's forecast on global electric vehicle charging points also suggests the residential charging market will continue to be the dominant segment

clock 19 August 2025 • 3 min read
Government extends grant schemes for electric vans and trucks to 2027

Government extends grant schemes for electric vans and trucks to 2027

Move to extend Plug-In Van Grant Scheme by another year aimed at providing greater certainty for fleet operators to make the switch to electric

clock 18 August 2025 • 3 min read
How Halcyon is using classic cars to create a 'world-class' demonstrator for clean auto tech

How Halcyon is using classic cars to create a 'world-class' demonstrator for clean auto tech

Charlie Metcalfe, founder and COO of Halcyon, discusses the challenges of adapting a modern EV platform to fit 'tight, irregular' 1970s chassis and the need for clear roadmap to drive EV uptake

Stuart Stone
clock 18 August 2025 • 6 min read