Average Battery Pack Price

Average Battery Pack Price

Proof Point

Average cost of electric vehicle’s battery pack projected to fall from $1,000 per kwh in 2010 to $100 by 2030

Average Battery Pack Price

2010 – 2030F (US$/kilowatt-hour (kwh))

Proof Point Findings

  • Continuous Cost Reduction – Declined 22% annually, from$1,000/kwh in 2010 to $227/kwh in 2016
  • Future Battery Price – McKinsey forecasts price to fall below $200/kwh by 2020 and below $100/kwh by 2030
  • Key Drivers – Include advancing research and development in electric vehicle technologies, improving battery efficiency, better electric vehicle range, boosts in energy density, economies of scale in manufacturing, and expansion of production capacity



Transportation and Logistics


Date Last Updated

January 11, 2018

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