Light metals have been widely used as electrode materials for batteries owing to their low standard redox potential, their low equivalent weight, large specific capacity, and great abundance. Both primary and secondary cells including light metals as electrode material have influenced all aspects of our lives, e.g., electrically operated toys, power tools, and portable electronics such as cell phones, smart pads, and laptop computers. Among all battery systems, rechargeable lithium (Li) ion cells have been used most widely in recent years owing to their high specific power, high energy density, and ambient temperature operation. However, Li‐ion cells are facing difficult challenges in satisfying the emerging market for advanced applications demanding high‐performance rechargeable batteries for applications such as electric vehicles, high‐performance portable electronics, and large‐scale electrical energy storage systems. Unfortunately, current Li‐ion cells cannot satisfy demands such as low cost, much improved safety, larger energy density, faster charge/discharge rates, and longer service life, so intensive effort is necessary to develop the next generation of cells. In this article, the limitations of current Li‐ion cells and various advanced materials for each component of the Li‐ion cell, in addition to other promising candidates for cells beyond Li ion, such as the Li/S cell and Na‐ and Mg‐based rechargeable cells, and metal/air cells are discussed.