How Much Does a Lithium-Ion Battery Cost in 2024?

Most lithium batteries cost $10 to $20,000, depending on the device. EV batteries usually cost $4,760 – $19,200, and solar batteries cost $6,800 – $10,700.

Most lithium-ion batteries cost $10 to $20,000, depending on the device it powers. An electric vehicle battery is the most expensive, typically costing $4,760 to $19,200. Next is solar batteries, which usually cost $6,800 to $10,700. However, most outdoor power tool batteries only cost $85 to $330, and cell phone batteries can run as little as $10.

Due to an increasing concern about climate change, there is a high public interest in battery technology. Lithium-ion (Li-ion) batteries are a source of clean, renewable energy. However, many consumers looking to switch from gas-guzzling power tools and automobiles are left wondering how much Li-ion batteries cost, so we broke it down for you. 

In this cost guide:

Average costs of a lithium-ion battery in 2024

Average lithium-ion battery cost$10 – $20,000
Average electric vehicle battery cost$4,760 – $19,200
Average solar battery cost$6,800 – $10,700
Average outdoor tool battery cost$85 – $330
Average personal electronic battery cost$10 – $90

We searched for batteries on various online platforms (i.e., Home Depot, BestBuy, Amazon, BatteriesPlus) and researched financial data from news and government reports to bring you the full scope of lithium-ion battery prices. If you are looking for a low-cost battery, consider buying one that is used or refurbished. 

Cost by device

Larger devices need more power leading to higher battery prices. So we broke down Li-ion battery costs by the type of device it powers:

Electric vehicle (EV) batteries

Most EV battery packs cost $4,760 to $19,200. However, if you want to save money, consider a used battery. We searched online for used and refurbished EV batteries and found them for as low as $750.

EV battery pack costs differ by auto manufacturer, as shown in the table below.

AutomakerTypical battery cost
Tesla$11,000 – $20,000
Toyota (Hybrid)$2,000 – $8,000
Volkswagen $12,000 – $15,000

*The prices in the table above are for the battery only, and do not include installation costs.

Solar panel batteries

Solar panel batteries typically cost $6,800 to $10,700 (not including installation). Solar batteries are essential to a solar energy system because they store excess energy that you can use when the sun isn’t shining. The more power your solar batteries store, the higher their price and the less dependent you are on the grid. 

Outdoor power tool batteries

Most outdoor power tool batteries cost between $85 and $330

Average cost$205
Typical price range$85 – $330
Extreme low end cost$40
Extreme high end cost$600

The cost of a power tool’s battery depends on its voltage, amp hours, and the brand.  The table below shows typical battery cost by brand.

BrandTypical cost
Dewalt$60 – $240
Ego$180 – $600
Greenworks$40 – $300
Kobalt$100 – $360
Milwaukee$65 – $300
Ryobi$100 – $200

High-efficiency Li-ion batteries, such as Ego’s ARC lithium batteries, cost more than a standard Li-ion battery.

Personal electronics batteries

Most personal electronic batteries cost $9 to $90, as shown in the table below.

ElectronicTypical battery cost
Cellphone$10 – $35
Tablet$15 – $50
Laptop$20 – $90

Less powerful electronics require a less powerful battery, so expect cutting-edge technology to run on an expensive battery.

Cost by kilowatt-hours

According to BloombergNEF, the average lithium-ion battery costs $151 per kilowatt-hour (kWh), and the average battery-powered electric vehicle (BEV) battery costs $138 per kWh. In 2021 the average per kWh cost was $141. However, overall Li-ion costs have dramatically decreased over the last ten years. 

What is a kWh? Kilowatt-hours (kWh) measure a battery’s energy storage capacity. A kilowatt (kW) is a unit that measures electric energy consumption, and a kilowatt-hour is the energy a 1-kW device consumes in an hour. To calculate a battery’s kWh, use the following formula:

kWh = Amp hours × Voltage ÷ 1,000

So, if you have a 12-Ah 100-volt battery, its kWh would equal 12 x 100 ÷ 1,000. Thus, it is a 1.2 kWh battery.

Other factors that affect cost

The cost of a lithium-ion battery is also impacted by the following:

Battery type

The cost of a Li-ion battery depends on its chemistry. For example, batteries containing semi-precious metals cost more than batteries made from inexpensive raw materials.

Here are the most popular types of Li-ion batteries:

  • Lithium Iron Phosphate (LFP) batteries are often used as a power source in RVs, boats, and electric scooters.  Most LFP batteries cost $120 to $1,950 and the average LFP costs about $560.
  • Lithium Manganese Oxide (LMO) batteries cost less than LFPs and are commonly used in power tools and electric bikes. Some electric vehicles also use LMOs. 
  • Lithium Nickel Manganese Cobalt Oxide (NMC) batteries cost about 20% more than LFP batteries and they are used in power tools and electric powertrains. 
  • Lithium Nickel Cobalt Aluminium Oxide (NCA) batteries cost about the same as NMC batteries and they power many electric cars, including Teslas. 
  • Lithium Titanate (LTO) batteries are the most expensive and they are used in electric vehicles, solar energy, aerospace, and military equipment.
  • Lithium Cobalt Oxide (LCO) batteries typically cost $10 – $90 and are used in cell phones, laptops, and digital cameras. 


The more power a battery contains, the more it will cost. Therefore, batteries with a higher voltage (volt) are more expensive. Electric vehicle and solar panel batteries are often described with kilowatt-hours, but most power tool batteries are less than one kWh and described using voltage and amp hours. 

The table below shows the average cost of a power tool battery based on its voltage.

VoltageAverage cost
12 – 24 $135
36 – 40$180
56 – 60$285

Amp hours

The more amp hours (Ah) a battery has, the longer a device can run on a single battery charge. So next, we’ll break down the cost of a power tool battery by Ah. Please see the results in the table below.

Amp hoursAverage cost
2 – 2.5$110
5 – 6$190
8 – 9$220
10 – 12$335

Related products and services

You may be interested in products that run on lithium-ion batteries, including:

Solar panel installation

Most homeowners pay $15,000 to $26,000 for solar panel installation, but the cost of solar panels depends on the type of panels, the size of the home, and labor costs. However, federal, state, and local incentives significantly reduce that price. Additionally, most homeowners enjoy an energy cost reduction that allows them to recoup their costs in 6 to 10 years. 

Average cost$20,000
Typical price range$15,000 – $26,000
Extreme low end cost$5,000
Extreme high end cost$50,000

Outdoor power tools

Battery-powered outdoor tools are soaring in popularity due to environmentally conscious consumers and lawmakers. In fact, Washington University in St. Louis reports that gas tools (such as leaf blowers and lawn mowers) pollute the air more than cars. In contrast, most battery tools release zero emissions. 

However, gas-powered tools aren’t just bad for the air; they are also noisy, painful to maintain, and expensive. Furthermore, recent technological advances have paved the way for a new generation of beastly battery tools that can compete with gas-powered models. So, consider investing in battery-powered tools. They are easier to use and typically cost less than the gas alternative. 

Lawn mowers

Most battery-powered lawn mowers cost $215 to $730, but riding mowers can cost as much as $4,000. Since gas lawn mowers are one of the largest contributors to air pollution, you should check out our list of the 8 best battery-powered lawn mowers

Average cost$475
Typical price range$215 – $730
Extreme low end cost$150
Extreme high end cost$4,000

Leaf blowers

Most battery-powered leaf blowers cost $100 to $250, which is significantly less than gas-powered models. And there is no need to worry about their strength because the best battery leaf blowers will blow you away!

Average cost$150
Typical price range$100 – $250
Extreme low end cost$65
Extreme high end cost$500

Snow blowers

Battery-powered snow blowers typically cost $300 to $1,800, so we researched and uncovered the 8 best battery snow blowers.

Typical price range$300 – $1,800
Average 1-stage blower$550
Average 2-stage blower$1,380


A typical battery-powered chainsaw costs $180 to $380 and is great for pruning small to medium trees.  However, the best battery chainsaws cost $270 to $480

Average cost$280
Typical price range$180 – $380
Extreme low end cost$130
Extreme high end cost$500

Hedge trimmers

Most battery-powered hedge trimmers cost $60 to $200, and we compiled a list of the best battery-powered hedge trimmers.

Average cost$110
Typical price range$60 – $200
Extreme low end cost$35
Extreme high end cost$1,135

Electric vehicles 

Lithium-ion automotive technology has given birth to various electric cars, SUVs, and pick-up trucks. Most electric vehicles cost $33,627 to $80,824, with luxury models costing significantly more than standard sedans. 

Average cost$57,225
Typical price range$33,625 – $80,825
Extreme low end cost$27,400
Extreme high end cost$2,400,000

Landscape lighting

The right landscape lighting can add to your outdoor ambiance and increase your property’s curb appeal. Thankfully, there are many lithium-ion and solar-powered options to illuminate your landscape. Professionally installed landscape lighting typically costs between $2,100 and $4,900, but do-it-yourself battery-powered lighting is usually just $100 to $1,500

Average cost$3,500
Typical price range$2,100 – $4,900
Extreme low end cost$500
Extreme high end cost$7,000

Cost of lithium-ion battery by location

Lithium-ion battery prices differ between countries. Li-ion batteries are the cheapest in China, but they have a lower cost in Europe than in the United States. About 80% of Li-ion battery cells are made in China.

FAQ about lithium-ion batteries

1. How many years will a lithium-ion battery last?

Lithium-ion batteries usually last at least 2 to 5 years, but some can last as long as 15 to 20 years.

2. How damaging is lithium mining?

Lithium-ion batteries are more eco-friendly than gas-powered products, but lithium mining negatively affects the environment in the following ways:

It requires a lot of water, and there often isn’t enough water left for local farmers and wildlife.
It deteriorates the soil structure.

It pollutes the air. According to MIT, most lithium is extracted from hard rock mines using equipment that runs on fossil fuels. As a result, 15 metric tons of CO2 are released into the air to get one metric ton of lithium. 

3. Should lithium batteries be 100% charged?

It is better not to charge the battery fully; many Li-ion battery chargers say it is at 100% before it actually gets there. It is also better not to fully drain the battery before placing it on a charger.  Not allowing the battery to charge or discharge fully will increase its lifespan. 

Final thoughts

Lithium-ion batteries have revolutionized the automobile and electronics market. They are safe, lightweight, and provide constant power. Although their cost has recently increased, the price has steadily decreased over the years. 

Although EV maintenance is still expensive for many Americans, battery-powered outdoor tools are often less costly than their gas-guzzling counterparts. However, high-end equipment used by pros is costly. As a result, most homeowners prefer to let a lawn care pro handle the hard work. 

Note: LawnLove may get a referral fee for matching you with contractors in your area.

Main Image Credit: Juan Ramon Roballo’s Images | Canva Pro | License

Michelle Selzer

Michelle Selzer is a witty writer with a passion for plants and outdoor power tools. When she's not out in the yard, Michelle enjoys fishing, hunting, and chasing waterfalls.