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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars).

The 2022 estimate is $153/kWh on a usable-energy basis for production at scale of at least 100,000 units per year. That compares to $1,355/kWh in 2008. The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.


Source: DOE. Note: Cost refers to usable energy and not rated energy.

Sources: 2018–2022 – US DOE, Vehicle Technologies Office, using Argonne National Laboratory’s BatPaC: Battery Manufacturing Cost Estimation Tool

2017 – Steven Boyd, DOE, Vehicle Technologies Office, 2017 Annual Merit Review, Batteries and Electrification R&D Overview, 18 June 2018, PowerPoint presentation, p. 7.

2016 – David Howell, DOE, Vehicle Technologies Office, 2017 Annual Merit Review, Electrochemical Energy Storage R&D Overview, 20 June 2017, PowerPoint presentation, p. 6.

2008–2015 – National Academies of Sciences, Engineering, and Medicine 2017. Review of the Research Program of the US DRIVE Partnership: Fifth Report. Washington, DC: The National Academies Press, p. 173.



Seems to have flattened out quite bit.
Nonetheless, it will be interesting to see what happens in the next 5-10 years.
I't not exactly Moore's law in action.
(Because Moore's law benefited from transistor line width reduction, which you can't do with a bulk chemical battery).

Albert E Short

@mahonj - not so much Moore's law but quantum(scape) leaps. This chart shows $/(usable kWh) which implies more of an overall cost. If (and a big one) solid-state batteries live up to the hype, there should a substantial plummet starting in 2025.


@ Albert E Short:
I'm convinced that Lithium is not the "holy grail" for battery production. There are other elements that are far more abundant than Li, offering far greater volumetric and gravimetric energy density besides being much cheaper. If the present price escalation of 600% for Li remains or even increases, that bodes all else than well for the BEV-market.

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