Fact #914: February 29, 2016 Plug-in Vehicle Sales Climb as Battery Costs Decline

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In 2009, the cost for lithium-ion plug-in vehicle batteries was about $1,000 per kilowatt-hour (kW-hr) and plug-in vehicle sales were negligible. The first mass-marketed plug-in vehicles were introduced just prior to 2011, when the cost of batteries was nearing $600 per kW-hr. Since that time, battery costs have continued to fall and more plug-in vehicles have entered the market. From 2009 to 2014 the cost of batteries dropped by 71% while cumulative sales of plug-in vehicles rose to nearly 300,000 vehicles during that time.

Battery Costs versus Plug-in Vehicle Sales, 2009-2014

Graph showing battery costs versus plug-in vehicle sales, 2009-2014

Fact #914 Dataset

Supporting Information

Battery Costs versus Plug-in Vehicle Sales, 2009-2014
YearU.S. EV Deployment (Cumulative Sales of
Plug-in Vehicles)
U.S. EV Battery Costs
(Dollars per Kilowatt-hour for a Lithium-ion Battery)
20090$1,000
20100$753
201117,500$580
201250,000$444
2013170,000$324
2014290,000$289

Source: U.S. Department of Energy, Revolution…Now - The Future Arrives for Five Clean Energy Technologies – 2015 Update, November 2015, p. 14.

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