Battery electric car price changes by contributing factor in China, the United States and Germany, 2024-2025

Sources

IEA analysis based on EV Volumes for the battery size, BNEF for the battery price and S&P Global Mobility for car price data.

Notes

Prices are adjusted for inflation. The figure show sales-weighted average prices. The method shows the impacts on prices of changes in battery pack size, battery pack price, segment-size mix, and the introduction of new models. “Others” captures price changes caused by carmakers’ pricing strategies, non-battery component cost changes and within-model shifts across incumbent trims.