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Lithium (Li)-based batteries have wide applications in the everyday gadgets. Li-based batteries have prominent usage in the automotive sector. All the major OEMs for manufacturing hybrid electric vehicles (HEVs) and electric vehicles (EVs) use only Li batteries and are still going to continue for the next decades. However, during the operation of these batteries, they are susceptible to environmental and battery factors. The amount of charge currently taken in or out influences the internal resistance and temperature of the battery. Therefore, the amount of heat generated by the Li-ion batteries during operation is critical for designing a cost-effective and efficient thermal management system (TMS) for HEVs and EVs.