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Weighted average truck battery pack size and cost, 2020-2024

Last updated 7 Apr 2025

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Sources

IEA analysis based on data from Bloomberg New Energy Finance and EV Volumes .

Notes

MD = medium-duty; HD = heavy-duty. Trucks refers to medium- and heavy-duty freight trucks. Battery pack cost is calculated as the sales-weighted battery pack price per kWh for commercial vehicles multiplied by the sales-weighted battery pack size for the vehicle segment.

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