Figures include manufacturing of battery cells, cathode, and anode active materials. Does not include assembly of battery modules and packs. Spot prices were considered for the evaluation of mineral costs.
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Breakdown of battery manufacturing cost in the European Union 2023, by driver
In 2023, over ** percent of the manufacturing costs of batteries in the European Union came from the supply of materials for the production of this technology. Capital and operational costs (CAPEX and OPEX) accounted for less than ** percent of the total.Â
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IEA. (November 21, 2024). Distribution of battery production costs in the European Union in 2023, by main driver [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1610053/battery-manufacturing-cost-breakdown-by-driver-european-union/
IEA. "Distribution of battery production costs in the European Union in 2023, by main driver." Chart. November 21, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1610053/battery-manufacturing-cost-breakdown-by-driver-european-union/
IEA. (2024). Distribution of battery production costs in the European Union in 2023, by main driver. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1610053/battery-manufacturing-cost-breakdown-by-driver-european-union/
IEA. "Distribution of Battery Production Costs in The European Union in 2023, by Main Driver." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 21 Nov 2024, /statistics/1610053/battery-manufacturing-cost-breakdown-by-driver-european-union/
IEA, Distribution of battery production costs in the European Union in 2023, by main driver ÌÇÐÄÆƽâ°æ, /statistics/1610053/battery-manufacturing-cost-breakdown-by-driver-european-union/ (last visited July 27, 2026)
Distribution of battery production costs in the European Union in 2023, by main driver [Graph], IEA, November 21, 2024. [Online]. Available: /statistics/1610053/battery-manufacturing-cost-breakdown-by-driver-european-union/
