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Li-ion Battery Prices Could Drop to $108/kWh in 2050: NREL

Lithium-ion cabinets built with LFP cells account for the largest share of the cost

September 22, 2025

/ Arjun Joshi
/ Energy Storage, Market & Policy
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The cost of four-hour lithium-ion (Li-ion) battery systems could decline from $334/kWh in 2024 to as low as $108/kWh or remain as high as $307/kWh by 2050, according to the National Renewable Energy Laboratory (NREL).

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Arjun Joshi

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Battery storageLFPLithium-Ion batteryNREL
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