How Much Does a Lithium-Ion Battery Cost in 2024?

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 phone batteries can run as little as $10.

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. 

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