The prices of Lithium ion batteries has come down ~80-85 percent in the last decade, the average price of battery is around $ 176/kWh. Various studies point out that the average battery prices could come down as much as $ 60/kWh due to economies scale and technology improvements. The Raw material cost includes the cost of electrodes And what about Li-ion batteries, which are enjoying increasing market penetration? In 2017, at Hornsdale, SE Australia, Tesla built what was at the time the largest Li-ion battery in the world. The initial scheme was rated at 100 MW with 129 MWh of storage and cost A$90 million (US$68 million). This works out at US$527/kWh. Current estimates indicate that iron-air batteries could cost around $20 per kWh of capacity, compared to up to $200 per kWh in the case of Li-Ion batteries. Iron-air battery characteristics make An affordable grid battery should cost $100/kWh, according to the US Department of Energy. Lithium-ion batteries, which lead the charge for grid storage, cost $175/kWh. Dai et al ( 2019) estimate the energy use in battery manufacturing facilities in China with an annual manufacturing capacity of around 2 GWh c to 170 MJ (47 kWh) per kWh c, of which 140 MJ is used in the form of steam and 30 MJ as electricity. Ellingsen et al ( 2015) studied electricity use in a manufacturing facility over 18 months. As a result, in 2016, a new 40kWh battery would have cost slightly under £10,000. According to some estimates, prices will fall below $100 per kWh by 2030, around the same time as the government aims for more adoption of Electric Vehicles. In India, The cost of a Lithium-Ion Battery ranges from Rs.15000-20000 per kWh. The overall price decline of lithium-ion batteries—scaled by energy capacity, since their 1991 commercial introduction—is a staggering 97%. Of course, as battery production increases, so does The price of lithium-ion battery cells, which power everything from smartphones to the International Space Station, fell below $100/ kilowatthour (kWh) last month – a 33 per cent drop from March .

li ion battery cost per kwh