I. Introduction
Electric Vehicles (EVs) have emerged as an inevitable entity to cope up with the depletion of the fossil fuels globally and the consequential rise in oil prices. Moreover, EVs have several environmental benefits compared to conventional internal combustion vehicles. The growth in the production and sales of the EVs has been increasing every year and there has been tremendous efforts from the global community to implement the EV technologies. Globally, the number of EVs exceeds 3 million and it is expected to reach a count of 220 million EVs by the end of 2030 [1]. Lithium ion batteries are widely used as the source of energy for the EVs. These batteries are the most preferable technology due to their relatively high voltage profile, enhanced volumetric and gravimetric energy density and a longer cycle life. The lithium ion batteries come with various chemistries that comprise various combinations of anode and cathode materials. Each chemistry has its own advantages and short-comings in terms of safety, performance, cost, cycle life and other parameters. Between the years 2010 and 2017, the production capacity of lithium ion batteries for EVs has increased from 0.4 to 94.2 GWh [1].