The price of both storage and electric vehicles' batteries has decreased steadily over the past few years. In 2022, the price per megawatt of storage batteries was at 1.1 million U.S. dollars, while EV batteries cost 0.6 million U.S. dollars per megawatt.
Average price of storage and electric vehicles' batteries worldwide from 2014 to 2022
(in million U.S. dollars per megawatt)
Characteristic
Storage batteries
EV batteries
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IEA. (May 30, 2023). Average price of storage and electric vehicles' batteries worldwide from 2014 to 2022 (in million U.S. dollars per megawatt) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1424411/price-of-storage-and-electric-vehicles-batteries-worldwide/
IEA. "Average price of storage and electric vehicles' batteries worldwide from 2014 to 2022 (in million U.S. dollars per megawatt)." Chart. May 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1424411/price-of-storage-and-electric-vehicles-batteries-worldwide/
IEA. (2023). Average price of storage and electric vehicles' batteries worldwide from 2014 to 2022 (in million U.S. dollars per megawatt). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1424411/price-of-storage-and-electric-vehicles-batteries-worldwide/
IEA. "Average Price of Storage and Electric Vehicles' Batteries Worldwide from 2014 to 2022 (in Million U.S. Dollars per Megawatt)." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/1424411/price-of-storage-and-electric-vehicles-batteries-worldwide/
IEA, Average price of storage and electric vehicles' batteries worldwide from 2014 to 2022 (in million U.S. dollars per megawatt) Statista, https://www.statista.com/statistics/1424411/price-of-storage-and-electric-vehicles-batteries-worldwide/ (last visited July 22, 2024)
Average price of storage and electric vehicles' batteries worldwide from 2014 to 2022 (in million U.S. dollars per megawatt) [Graph], IEA, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1424411/price-of-storage-and-electric-vehicles-batteries-worldwide/