New Energy
Why Global Battery Prices Are Expected to Drop Again in 2026
The technology is forecast to overcome tariffs and high metal costs to win new savings and help drive adoption of electric vehicles and energy storage systems.
A technician works on battery packs at a plant in Norway.
Photographer: Naina Helén Jåma/BloombergBattery prices are forecast to drop next year, though it’ll be a smaller dip than 2025 due to high costs of raw materials and tariffs .
The average price for a battery pack is expected to fall 3% next year to $105 per kilowatt-hour, according to a new BloombergNEF survey. The report attributes the dip to a glut of manufacturing capacity in China, increased competition and an ongoing shift to products that use lower-cost and safer lithium-iron phosphate technology.