Energy
Breaking Down the Cost of an EV Battery Cell
Subscribe to the Elements
free mailing list
for more like this

Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.

Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options .

Click here to license this visualization.
Breaking Down the Cost of an EV Battery Cell
This was originally posted on Elements . Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.
As electric vehicle (EV) battery prices keep dropping, the global supply of EVs and demand for their batteries are ramping up.
Since 2010, the average price of a lithium-ion (Li-ion) EV battery pack has fallen from $1,200 per kilowatt-hour (kWh) to just $132/kWh in 2021.
Inside each EV battery pack are multiple interconnected modules made up of tens to hundreds of rechargeable Li-ion cells. Collectively, these cells make up roughly 77% of the total cost of an average battery pack, or about $101/kWh.
So, what drives the cost of these individual battery cells?
The Cost of a Battery Cell
According to data from BloombergNEF , the cost of each cell’s cathode adds up to more than half of the overall cell cost.
EV Battery Cell Component | % of Cell Cost |
---|---|
Cathode | 51% |
Manufacturing and depreciation | 24% |
Anode | 12% |
Separator | 7% |
Electrolyte | 4% |
Housing and other materials | 3% |
Percentages may not add to 100% due to rounding.
Why Are Cathodes so Expensive?
The cathode is the positively charged electrode of the battery. When a battery is discharged, both electrons and positively-charged molecules (the eponymous lithium ions) flow from the anode to the cathode, which stores both until the battery is charged again.
That means that cathodes effectively determine the performance, range, and thermal safety of a battery, and therefore of an EV itself, making them one of the most important components.
They are composed of various metals (in refined forms) depending on cell chemistry, typically including lithium and nickel. Common cathode compositions in modern use include:
- Lithium iron phosphate (LFP)
- Lithium nickel manganese cobalt (NMC)
- Lithium nickel cobalt aluminum oxide (NCA)
The battery metals that make up the cathode are in high demand, with automakers like Tesla rushing to secure supplies as EV sales charge ahead. In fact, the commodities in the cathode, along with those in other parts of the cell, account for roughly 40% of the overall cell cost.
Other EV Battery Cell Components
Components outside of the cathode make up the other 49% of a cell’s cost.
The manufacturing process, which involves producing the electrodes, assembling the different components, and finishing the cell, makes up 24% of the total cost.
The anode is another significant component of the battery, and it makes up 12% of the total cost—around one-fourth of the cathode’s share. The anode in a Li-ion cell is typically made of natural or synthetic graphite, which tends to be less expensive than other battery commodities.
Although battery costs have been declining since 2010, the recent surge in prices of key battery metals like lithium has cast a shadow of doubt over their future. How will EV battery prices evolve going forward?
Energy
Map: Oil and Gas Spills in the U.S. Since 2010
Oil and gas spills can be messy, but where are they most likely to occur? This graphic looks at oil and gas spills in the U.S. since 2010.

Mapped: Oil and Gas Spills in the U.S. Since 2010
The recent energy crisis has highlighted the integral role that hydrocarbons play in fueling the modern world, but these fossil fuels still come with their fair share of downsides.
Aside from the obvious climate impact they bring, one other downside in particular is spills, which can lead to ecological and economic damage. These can happen due to pipeline leaks, train derailments , or other industrial disasters.
This graphic from Preyash Shah provides a visual overview of every oil and gas spill in the contiguous U.S. since 2010. Data is tracked by the U.S. government’s Pipeline and Hazardous Materials Safety Administration (PHMSA).
U.S. Oil and Gas Spills (2010‒2022)
The majority of spills that have occurred come mostly from crude oil , followed by petroleum products and gas. Note that this data covers the quantity of spills and not damages or volume.
Spills by Product Type | Portion of all U.S. Spills |
---|---|
Crude oil | 51% |
Petroleum products | 32% |
Diesel | 14% |
Gasoline | 13% |
Others | 5% |
Highly volatile liquids & flammable gas | 16% |
Liquefied petroleum gas / natural gas liquids | 8% |
Other highly volatile liquids | 6% |
Anhydrous ammonia | 2% |
Others | 3% |
Carbon dioxide | 2% |
Biofuel | 1% |
Crude oil, which makes up just over half of documented spills, is also one of the most costly. Contaminations can persist for years after a spill, and its impact on local mammals and waterfowl is particularly harsh.
This has been the case with the Deepwater Horizon spill (also known as the “BP oil spill”), which experts say is still causing harm in the Gulf of Mexico.
Other products with lots of spills include petroleum products such as diesel or gasoline, as well as liquefied natural gas or other volatile liquids. Interestingly, liquefied carbon dioxide can also be transported in pipelines , commonly used for carbon capture storage, but requires high pressure to maintain its state.
When looking at the location of spills, it’s clear that the South Central states have experienced the highest number of disasters. In contrast, the West Coast has had substantially less activity. However, this makes much more sense when looking at the dominant oil producing states , where Texas and surrounding neighbors reign supreme.
Rank | State | Oil & Gas Spills (2010-2022) |
---|---|---|
1 | Texas | 1936 |
2 | Oklahoma | 407 |
3 | Louisiana | 297 |
4 | California | 253 |
5 | Kansas | 208 |
6 | Illinois | 181 |
7 | Wyoming | 155 |
8 | New Jersey | 128 |
9 | New Mexico | 114 |
10 | North Dakota | 98 |
11 | Indiana | 93 |
12 | Minnesota | 83 |
13 | Ohio | 82 |
14 | Pennsylvania | 71 |
15 | Iowa | 66 |
16 | Missouri | 65 |
17 | Michigan | 56 |
18 | Colorado | 55 |
19 | Mississippi | 53 |
20 | Montana | 46 |
21 | Wisconsin | 42 |
22 | Alabama | 36 |
23 | Arkansas | 33 |
24 | Newbraska | 31 |
25 | Georgia | 28 |
26 | Virginia | 27 |
27 | North Carolina | 24 |
28 | Kentucky | 21 |
29 | South Carolina | 19 |
30 | Alaska | 16 |
30 | New York | 16 |
32 | Tennessee | 15 |
33 | South Dakota | 14 |
33 | Washington | 14 |
35 | Florida | 13 |
36 | Maryland | 11 |
37 | Utah | 9 |
38 | Idaho | 8 |
38 | Oregon | 8 |
40 | Hawaii | 7 |
41 | West Virginia | 6 |
42 | Massachesueuts | 3 |
43 | Conneticut | 2 |
43 | Maine | 2 |
43 | Nevada | 2 |
43 | Puerto Rico | 2 |
47 | Arizona | 0 |
47 | Delaware | 0 |
47 | New Hampshire | 0 |
47 | Vermont | 0 |
Of the 4,901 spills during this period, Texas accounts for 1,936 or roughly 40% of all oil and gas spills . This is followed by Oklahoma, which has had 407 spills and is one of the largest net exporters of oil and gas in the country.
What Causes Spills?
Oil and gas spills actually have a surprisingly long history, with one of the earliest dating back to 1889 , when a spill was reported on the coast between Los Angeles and San Diego.
Causes have consisted primarily of weather, natural disasters, equipment and technological malfunction, as well as human error.
However, they only became a widespread problem around the halfway mark of the 20th century, when petroleum extraction and production really began to take off. This era also saw the emergence of supertankers, which can transport half a million tons of oil but therefore make the risk of spills even costlier.
In fact, the biggest spill off U.S. waters after the Deepwater Horizon disaster is the 1989 Exxon Valdez spill in Alaska, when a tanker crashed into a reef and 11 million gallons of oil spilled into the Pacific Ocean.
-
Politics 4 weeks ago
Ranked: The World’s Most and Least Powerful Passports in 2023
-
Money 2 weeks ago
Visualized: The Most (and Least) Expensive Cities to Live In
-
Datastream 2 hours ago
Mapped: Legal Sports Betting Totals by State
-
Markets 4 weeks ago
Ranked: America’s Best Places to Work in 2023
-
Energy 2 weeks ago
Which Countries are Buying Russian Fossil Fuels?
-
Green 3 weeks ago
Explainer: What to Know About the Ohio Train Derailment
-
Markets 7 days ago
Visualized: The State of the U.S. Labor Market
-
Green 3 weeks ago
Chart: Automakers’ Adoption of Fuel-Saving Technologies