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Battery aging in electric and hybrid vehicles is a major issue, and one which has to be taken into consideration during all stages of the vehicle lifecycle. It depends on many factors, such as the cell chemistry, the cell design and stress factors as well as the current rate, ΔDOD and temperature. The stress factors have been identified as being crucial due to their influence on two important battery parameters: capacity and inner resistance. Battery aging models are essential to describing the interacting influences that stress factors have on battery parameters. They provide insights about battery aging without the need for extensive measurements. Various battery aging models with widely varying capabilities are described in the literature. The aim of this paper is to provide a decision guide for utilizing the most appropriate aging model for the major stages of the vehicle lifecycle: vehicle development, operation (onboard and offboard) and post-operation.