The Role of Lithium-Ion Batteries in the Growing Trend of Electric Vehicles

Within the automotive field, there has been an increasing amount of global attention toward the usability of combustion-independent electric vehicles (EVs). Once considered an overly ambitious and costly venture, the popularity and practicality of EVs have been gradually increasing due to the usage of Li-ion batteries (LIBs). Although the topic of LIBs has been extensively covered, there has not yet been a review that covers the current advancements of LIBs from economic, industrial, and technical perspectives. Specific overviews on aspects such as international policy changes, the implementation of cloud-based systems with deep learning capabilities, and advanced EV-based LIB electrode materials are discussed. Recommendations to address the current challenges in the EV-based LIB market are discussed. Furthermore, suggestions for short-term, medium-term, and long-term goals that the LIB-EV industry should follow are provided to ensure its success in the near future. Based on this literature review, it can be suggested that EV-based LIBs will continue to be a hot topic in the years to come and that there is still a large amount of room for their overall advancement.