'Cheaper every year': Lithium-ion battery pack prices fall eight per cent year-on-year

clock • 4 min read
Credit: iStock
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Credit: iStock

BloombergNEF analysis suggests record-low prices should boost EV affordability and accelerate the rollout of grid-scale storage projects

Lithium-ion battery pack prices have dropped eight per cent since 2024, reaching a new "record Low" of $108 (£80) per kilowatt-hour, despite an increase in raw material costs. That is the headline...

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