Most lithium-ion batteries cost $10 to $20,000, depending on the device it powers. An electric vehicle battery is the most expensive, typically costing $4,760 to $19,200. Next is solar batteries, which usually cost $6,800 to $10,700. However, most outdoor power tool batteries only cost $85 to $330, and cell batteries can run as little as $10.
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Due to an increasing concern about climate change, there is a high public interest in battery technology. Lithium-ion (Li-ion) batteries are a source of clean, renewable energy. However, many consumers looking to switch from gas-guzzling power tools and automobiles are left wondering how much Li-ion batteries cost, so we broke it down for you.
In this cost guide:
Average costs of a lithium-ion battery in
Average lithium-ion battery cost$10 &#; $20,000Average electric vehicle battery cost$4,760 &#; $19,200Average solar battery cost$6,800 &#; $10,700Average outdoor tool battery cost$85 &#; $330Average personal electronic battery cost$10 &#; $90We searched for batteries on various online platforms (i.e., Home Depot, BestBuy, Amazon, BatteriesPlus) and researched financial data from news and government reports to bring you the full scope of lithium-ion battery prices. If you are looking for a low-cost battery, consider buying one that is used or refurbished.
Cost by device
Larger devices need more power leading to higher battery prices. So we broke down Li-ion battery costs by the type of device it powers:
Electric vehicle (EV) batteries
Most EV battery packs cost $4,760 to $19,200. However, if you want to save money, consider a used battery. We searched online for used and refurbished EV batteries and found them for as low as $750.
EV battery pack costs differ by auto manufacturer, as shown in the table below.
AutomakerTypical battery costTesla$11,000 &#; $20,000Toyota (Hybrid)$2,000 &#; $8,000Hummer$10,000Volkswagen $12,000 &#; $15,000*The prices in the table above are for the battery only, and do not include installation costs.
Solar panel batteries
Solar panel batteries typically cost $6,800 to $10,700 (not including installation). Solar batteries are essential to a solar energy system because they store excess energy that you can use when the sun isn&#;t shining. The more power your solar batteries store, the higher their price and the less dependent you are on the grid.
Most outdoor power tool batteries cost between $85 and $330.
Average cost$205Typical price range$85 &#; $330Extreme low end cost$40Extreme high end cost$600The cost of a power tool&#;s battery depends on its voltage, amp hours, and the brand. The table below shows typical battery cost by brand.
BrandTypical costDewalt$60 &#; $240Ego$180 &#; $600Greenworks$40 &#; $300Kobalt$100 &#; $360Milwaukee$65 &#; $300Ryobi$100 &#; $200High-efficiency Li-ion batteries, such as Ego&#;s ARC lithium batteries, cost more than a standard Li-ion battery.
Personal electronics batteries
Most personal electronic batteries cost $9 to $90, as shown in the table below.
ElectronicTypical battery costCellphone$10 &#; $35Tablet$15 &#; $50Laptop$20 &#; $90Less powerful electronics require a less powerful battery, so expect cutting-edge technology to run on an expensive battery.
Cost by kilowatt-hours
According to BloombergNEF, the average lithium-ion battery costs $151 per kilowatt-hour (kWh), and the average battery-powered electric vehicle (BEV) battery costs $138 per kWh. In the average per kWh cost was $141. However, overall Li-ion costs have dramatically decreased over the last ten years.
What is a kWh? Kilowatt-hours (kWh) measure a battery&#;s energy storage capacity. A kilowatt (kW) is a unit that measures electric energy consumption, and a kilowatt-hour is the energy a 1-kW device consumes in an hour. To calculate a battery&#;s kWh, use the following formula:
kWh = Amp hours × Voltage ÷ 1,000So, if you have a 12-Ah 100-volt battery, its kWh would equal 12 x 100 ÷ 1,000. Thus, it is a 1.2 kWh battery.
Other factors that affect cost
The cost of a lithium-ion battery is also impacted by the following:
Battery type
The cost of a Li-ion battery depends on its chemistry. For example, batteries containing semi-precious metals cost more than batteries made from inexpensive raw materials.
Here are the most popular types of Li-ion batteries:
Voltage
The more power a battery contains, the more it will cost. Therefore, batteries with a higher voltage (volt) are more expensive. Electric vehicle and solar panel batteries are often described with kilowatt-hours, but most power tool batteries are less than one kWh and described using voltage and amp hours.
The table below shows the average cost of a power tool battery based on its voltage.
VoltageAverage cost12 &#; 24 $ &#; 40$ &#; 60$+$335Amp hours
The more amp hours (Ah) a battery has, the longer a device can run on a single battery charge. So next, we&#;ll break down the cost of a power tool battery by Ah. Please see the results in the table below.
Amp hoursAverage cost2 &#; 2.5$$ &#; 6$ &#; 9$ &#; 12$335You may be interested in products that run on lithium-ion batteries, including:
Solar panel installation
Most homeowners pay $15,000 to $26,000 for solar panel installation, but the cost of solar panels depends on the type of panels, the size of the home, and labor costs. However, federal, state, and local incentives significantly reduce that price. Additionally, most homeowners enjoy an energy cost reduction that allows them to recoup their costs in 6 to 10 years.
Average cost$20,000Typical price range$15,000 &#; $26,000Extreme low end cost$5,000Extreme high end cost$50,000Battery-powered outdoor tools are soaring in popularity due to environmentally conscious consumers and lawmakers. In fact, Washington University in St. Louis reports that gas tools (such as leaf blowers and lawn mowers) pollute the air more than cars. In contrast, most battery tools release zero emissions.
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However, gas-powered tools aren&#;t just bad for the air; they are also noisy, painful to maintain, and expensive. Furthermore, recent technological advances have paved the way for a new generation of beastly battery tools that can compete with gas-powered models. So, consider investing in battery-powered tools. They are easier to use and typically cost less than the gas alternative.
Lawn mowers
Most battery-powered lawn mowers cost $215 to $730, but riding mowers can cost as much as $4,000. Since gas lawn mowers are one of the largest contributors to air pollution, you should check out our list of the 8 best battery-powered lawn mowers.
Average cost$475Typical price range$215 &#; $730Extreme low end cost$150Extreme high end cost$4,000Leaf blowers
Most battery-powered leaf blowers cost $100 to $250, which is significantly less than gas-powered models. And there is no need to worry about their strength because the best battery leaf blowers will blow you away!
Average cost$150Typical price range$100 &#; $250Extreme low end cost$65Extreme high end cost$500Snow blowers
Battery-powered snow blowers typically cost $300 to $1,800, so we researched and uncovered the 8 best battery snow blowers.
Typical price range$300 &#; $1,800Average 1-stage blower$550Average 2-stage blower$1,380Chainsaws
A typical battery-powered chainsaw costs $180 to $380 and is great for pruning small to medium trees. However, the best battery chainsaws cost $270 to $480.
Average cost$280Typical price range$180 &#; $380Extreme low end cost$130Extreme high end cost$500Hedge trimmers
Most battery-powered hedge trimmers cost $60 to $200, and we compiled a list of the best battery-powered hedge trimmers.
Average cost$110Typical price range$60 &#; $200Extreme low end cost$35Extreme high end cost$1,135Electric vehicles
Lithium-ion automotive technology has given birth to various electric cars, SUVs, and pick-up trucks. Most electric vehicles cost $33,627 to $80,824, with luxury models costing significantly more than standard sedans.
Average cost$57,225Typical price range$33,625 &#; $80,825Extreme low end cost$27,400Extreme high end cost$2,400,000Landscape lighting
The right landscape lighting can add to your outdoor ambiance and increase your property&#;s curb appeal. Thankfully, there are many lithium-ion and solar-powered options to illuminate your landscape. Professionally installed landscape lighting typically costs between $2,100 and $4,900, but do-it-yourself battery-powered lighting is usually just $100 to $1,500.
Average cost$3,500Typical price range$2,100 &#; $4,900Extreme low end cost$500Extreme high end cost$7,000Cost of lithium-ion battery by location
Lithium-ion battery prices differ between countries. Li-ion batteries are the cheapest in China, but they have a lower cost in Europe than in the United States. About 80% of Li-ion battery cells are made in China.
FAQ about lithium-ion batteries
1. How many years will a lithium-ion battery last?Lithium-ion batteries usually last at least 2 to 5 years, but some can last as long as 15 to 20 years.
2. How damaging is lithium mining?Lithium-ion batteries are more eco-friendly than gas-powered products, but lithium mining negatively affects the environment in the following ways:
It requires a lot of water, and there often isn&#;t enough water left for local farmers and wildlife.
It deteriorates the soil structure.
It pollutes the air. According to MIT, most lithium is extracted from hard rock mines using equipment that runs on fossil fuels. As a result, 15 metric tons of CO2 are released into the air to get one metric ton of lithium.
It is better not to charge the battery fully; many Li-ion battery chargers say it is at 100% before it actually gets there. It is also better not to fully drain the battery before placing it on a charger. Not allowing the battery to charge or discharge fully will increase its lifespan.
Lithium-ion batteries have revolutionized the automobile and electronics market. They are safe, lightweight, and provide constant power. Although their cost has recently increased, the price has steadily decreased over the years.
Although EV maintenance is still expensive for many Americans, battery-powered outdoor tools are often less costly than their gas-guzzling counterparts. However, high-end equipment used by pros is costly. As a result, most homeowners prefer to let a lawn care pro handle the hard work.
Note: LawnLove may get a referral fee for matching you with contractors in your area.
Main Image Credit: Juan Ramon Roballo&#;s Images | Canva Pro | License
Michelle Selzer is a witty writer with a passion for plants and outdoor power tools. When she's not out in the yard, Michelle enjoys fishing, hunting, and chasing waterfalls.
ALL ABOUT BATTERIES
ACC&#;s mission is to accelerate sustainable mobility for all. For all&#; Not for a few happy privileged people. For everyone! Indeed, if we really want to have an impact and reduce transport related carbon emissions, electric vehicles need to be widely adopted.
As Carlos Tavares said during the Las Vegas CES last year, &#;it is impossible to pass on the total cost to consumers, as it would discourage middle-class consumers from paying thousands of dollars more just to have an electrified powertrain. If EVs are not affordable to the middle class, then their volumes will be small. If the volumes are small, the impact on the planet will be limited, which destroys the purpose of our efforts.&#;*
And since the battery accounts for a third of the price of the vehicle, it is one of the main adjustment levers that we have to date to reduce the price of electric vehicles. A fantastic opportunity for us, but also a challenging one.
How are the costs of a battery distributed? Which factors influence these costs? What are the challenges that we, as a cells manufacturer, are facing? This is what we&#;ll try to answer in this article.
A battery pack is made up of multiple interconnected modules composed of tens to hundreds of rechargeable Li-ion cells, with cells accounting for approximately 60-70% of the total cost of an average battery pack.
Each cell is composed of a cathode, an anode, electrolyte and multiple components such as separators, cans, or connectors. The cathode, which is the positively charged electrode of the battery, is one of the most critical components. Indeed, when a battery is discharged, both electrons and positively charged molecules (lithium ions) flow from the anode to the cathode, which stores both, until the battery is charged again. This means that the cathode significantly determines the performance, range, and thermal safety of the battery, and ultimately of the EV itself.
The cathode accounts for approximately 35% of the overall cell&#;s cost &#; depending of the price of raw materials. It comprises various refined metals, including lithium and nickel, depending on the cell&#;s chemistry. Contemporary cathode compositions, such as lithium nickel manganese cobalt (NMC) that is used in ACC&#;s cells, lithium iron phosphate (LFP), or lithium nickel cobalt aluminum oxide (NCA), are in high demand. Automakers such as Tesla are rushing to secure supplies of the battery metals that make up the cathode, as EV sales soar.
Next in line are the plant&#;s costs: energy bills, maintenance, etc.. These make up 20% of the total cost.
The Anode is another crucial component of the battery, accounting for approximately 10% of the total cost. The anode in a Li-ion cell is usually made of natural or synthetic graphite, which tends to be less expensive than other battery commodities.
The Electrolyte and the other components outside of the cathode constitute the remaining 35% of the cell&#;s cost.
As the price of batteries continues to decrease, electric vehicles (EVs) are becoming increasingly popular. However, producing battery cells for EVs at low cost remains a significant challenge.
Since , the average cost of a lithium-ion (Li-ion) EV battery pack has dropped from $1,200 per kilowatt-hour (kWh) to just $132/kWh in *. However, the recent surge in prices of essential battery metals like lithium has raised concerns about their future affordability. In , battery prices increased for the first time, rising to $135/kWh. They have since fallen, but prices remain volatile. ***
At ACC we are working hard to reduce our costs through process and product innovations. And with such a cracking team working relentlessly towards this goal, there is no doubt that we&#;ll make significant progress over the next few years.
*Source : Stellantis CEO says EV cost burden is 'beyond the limits' for automakers | Reuters
**Source: BloombergNEF
*** Source: https://asia.nikkei.com/Spotlight/Market-Spotlight/Battery-costs-rise-as-lithium-demand-outstrips-supply
Battery cost forecasting: a review of methods and results with an outlook to - Energy & Environmental Science (RSC Publishing) DOI:10./D1EEC
Breaking Down the Cost of an EV Battery Cell (visualcapitalist.com)
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