Battery electric car price and battery system price changes in selected countries, 2023-2024

Sources

IEA analysis based on data from S&P Global Mobility, BNEF and EV Volumes.

Notes

SUV = sports utility vehicle. Prices adjusted for inflation before indexing. Car price change values reflect the change in the sales-weighted average car retail price values over the 2023-2024 period. The battery pack price is calculated based on the average battery size in a given country, segment and year, multiplied by the corresponding regional pack price.