Lithium batteries have become the most preferred option for electric vehicle users due to their cost effectiveness and efficiency. However, before jumping to conclusions, it is best to consider some important factors when choosing a battery including its high energy density, long cycle life, fast charge time and numerous safety precautions built into it. Most lithium batteries deliver great performance properties such as high concerns for the vehicle’s daily driving requirements and offer good long term value for the user. In this day and age, lithium batteries have continuous modern changes with the advance of new technology, thus they are able to reach the desired degree of efficiency which is required by electric vehicle producers and consumers themselves.