Cathodes used in lithium-ion batteries for electric vehicles (EVs) account for the largest share of a cell's cost, making up 51 percent of costs in 2021. Cathode materials include lithium, cobalt, manganese, and nickel. Meanwhile, the anode - frequently made of graphite - accounted for 12 percent of costs that year.
Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide in 2021, by battery component
* Includes separator, electrolyte, housing, and other materials.
Figures are based on an average pack's battery cell cost of 101 U.S. dollars per kilowatt hour.
Figures may not add up to 100 due to rounding.
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Visual Capitalist. (February 22, 2022). Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide in 2021, by battery component [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist. "Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide in 2021, by battery component." Chart. February 22, 2022. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist. (2022). Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide in 2021, by battery component. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist. "Distribution of Costs of Lithium-ion Battery Cells Used in Electric Vehicles Worldwide in 2021, by Battery Component." Statista, Statista Inc., 22 Feb 2022, https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist, Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide in 2021, by battery component Statista, https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/ (last visited December 23, 2024)
Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide in 2021, by battery component [Graph], Visual Capitalist, February 22, 2022. [Online]. Available: https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/
