Despite their numerous advantages, lithium-ion batteries face several challenges that hinder their widespread adoption in various industries. These challenges include concerns over safety and thermal management, especially in high-energy applications like electric vehicles; limited availability and fluctuating prices of raw materials such as lithium and cobalt; recycling and disposal issues related to battery waste; and the need for continued research and development to improve energy density, cycle life, and environmental sustainability. Addressing these challenges requires collaboration among industry stakeholders, policymakers, and researchers to ensure the continued advancement and responsible deployment of lithium-ion battery technology.