Growing awareness of climate change concerns and the environmental impacts of fossil fuel vehicles has heightened interest in electric vehicles (EVs). Therefore, EVs represent a significant component of sustainable transportation solutions. Additionally, with advancements in battery technology, EVs now have longer ranges and are offered at more competitive prices. With their notable features such as high energy density, lightness, low maintenance requirement, and long life, lithium-ion batteries (LiBs) appear to be the most suitable battery option for EVs. Nevertheless, current LiB technology faces battery costs, energy storage capacity, charging times, and safety issues. In this context, it is clear that future research and development will focus on improving the efficiency of LiB technology and making these batteries more sustainable, reliable, and economical. This study aims to provide an evaluation of the LiBs used in the automotive sector by examining the historical development, basics of operational principles, various geometric types, cost evaluation, and their advantages and disadvantages. By covering these aspects, the study seeks to offer a comprehensive assessment of the LiBs employed in the automotive industry, spanning from their historical evolution to their presentday utilization. The study also intends to serve as a reference source for researchers planning to conduct studies on LiBs in EVs by providing fundamental concepts and evaluations related to these batteries.