Cathodes used in lithium-ion batteries for electric vehicles (EVs) account for the largest share of a cell's cost, making up
**
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percent of costs in 2024. Cathode materials include lithium, cobalt, manganese, and nickel. Meanwhile, the anode - frequently made of graphite - accounted for
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Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component
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* Includes all other components. This share was calculated by Statista based on cathode and anode data provided by the source. Figures are based on an average pack's battery cell cost of 78 U.S. dollars per kilowatt-hour.
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Visual Capitalist. (September 26, 2024). Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component [Graph]. In Statista. Retrieved September 24, 2025, 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 as of September 2024, by battery component." Chart. September 26, 2024. Statista. Accessed September 24, 2025. https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist. (2024). Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component. Statista. Statista Inc.. Accessed: September 24, 2025. 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 as of September 2024, by Battery Component." Statista, Statista Inc., 26 Sep 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 as of September 2024, by battery component Statista, https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/ (last visited September 24, 2025)
Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component [Graph], Visual Capitalist, September 26, 2024. [Online]. Available: https://www.statista.com/statistics/1330756/ev-battery-cost-breakdown-by-component/
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