Predicted costs of lithium-ion batteries in EVs by element 2012-2016

This statistic shows a projection of the costs of lithium-ion batteries for electric vehicles in 2012 and 2016, by value chain elements in 2012 and 2016. In 2012, lithium-ion battery modules cost 47 U.S. dollars per kilowatt hour in electric vehicles. The reduction in cost of lithium-ion batteries will be heavily influential on the success of plug-in hybrid electric vehicles. Charging infrastructure as well as customer acceptance will be important in the growth of this industry. The reduction in costs of cobalt, metal, wiring, and plastic have helped lower battery costs.

Typical breakdown of EV lithium ion battery cost in 2012 and 2016, by value chain element

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Release date

November 2013



Survey time period


Supplementary notes

EVs: electric vehicles

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Statistics on "Electric vehicles in Asia Pacific"

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