* Includes all other components. This share was calculated by ÌÇÐÄÆƽâ°æ based on cathode and anode data provided by the source.  Figures are based on an average pack's battery cell cost of 78 U.S. dollars per kilowatt-hour.
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Electric vehicle battery cost share 2024, by component
Cathodes used in lithium-ion batteries for electric vehicles (EVs) account for the largest share of a cell's cost, making up ** percent of costs in 2024. Cathode materials include lithium, cobalt, manganese, and nickel. Meanwhile, the anode - frequently made of graphite - accounted for ** percent of costs that year.
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Visual Capitalist. (September 26, 2024). Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 15, 2026, from /statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist. "Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component." Chart. September 26, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 15, 2026. /statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist. (2024). Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 15, 2026. /statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist. "Distribution of Costs of Lithium-ion Battery Cells Used in Electric Vehicles Worldwide as of September 2024, by Battery Component." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Sep 2024, /statistics/1330756/ev-battery-cost-breakdown-by-component/
Visual Capitalist, Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component ÌÇÐÄÆƽâ°æ, /statistics/1330756/ev-battery-cost-breakdown-by-component/ (last visited July 15, 2026)
Distribution of costs of lithium-ion battery cells used in electric vehicles worldwide as of September 2024, by battery component [Graph], Visual Capitalist, September 26, 2024. [Online]. Available: /statistics/1330756/ev-battery-cost-breakdown-by-component/
