Lithium Ion Battery Price Trend

Bloomberg new energy finance bev and ice pre tax prices in the u s.

Lithium ion battery price trend.

The two main arguments that battery prices will increase are based on sensitivity to underlying metal prices and the desire of battery manufacturers to increase their margins. Depending on the chemistry lithium ion batteries are sensitive to lithium nickel cobalt and aluminum prices. Let s tackle metals first. For medium segment price 2010 2030 thousand 2016 and 48.

It constitutes about 1 to 2 of the entire cost of the mobile device. A lithium ion battery cell for a smartphone costs the device oem somewhere between 2 to 4 depending on its capacity and other design attributes. Price trend cost structure. In contrast a lithium ion battery for an electric vehicle can range between 7 000 and 20 000.

The market for lithium ion batteries is expected to register a cagr of 22 58 during the forecast period 2020 2025. Add the fact that li ion batteries are also used for mobile devices such as smartphones tablets laptops and other wearable. Price decline overshadows strong demand forecasts. Annual lithium ion battery price index 2010 16.

By 2023 average prices will be close to 100 kwh according to our latest forecast. What these things all mean is that the demand for lithium ion batteries will rise even further. The price of lithium carbonate is up by 47 from 2015 and the year 2017 will see increased sales of pure electric cars. 8 june 20 2017 batteries are the main reason why passenger evs are more expensive than ices today source.

Lithium reached an all time high of 171000 yuan per metric tonne in october of 2017 according to spot prices for. Major factors driving the market studied are the emergence of new and exciting markets via electric vehicle and energy storage systems ess for both commercial and residential applications declining lithium ion battery prices and the increasing sale of consumer electronics.