EV Battery Prices Could Climb 22%, Cost Buyers An Extra $1,500 To $3,000 | Carscoops carscoops
Lithium-ion battery prices have fallen significantly over the past decade, but that trend might not continue as a “tsunami of demand is coming.”, E Source estimates that “battery cell prices will surge 22% from 2023 through 2026, peaking at $138 per kilowatt-hour.” If that prediction pans out, it would be a significant increase as battery cells currently cost around $128 per kWh today and are expected to drop to roughly $110 per kWh next year.
While the numbers look relatively small, you have to remember that many electric vehicles have battery packs with capacities of between 60-100 kWh. As a result, price increases quickly add up and this means EVs sold in 2026 could cost an extra $1,500 to $3,000 according to the firm’s estimates.
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