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With their high-energy density, high-power density, long life, and low self-discharge, lithium-ion capacitors are a novel form of electrochemical energy storage devices which are extensively utilized in electric vehicles, energy storage systems, and portable electronic gadgets. Li-ion capacitor aging mechanisms and life prediction techniques, however, continue to be active research areas. This paper examines the aging process for Li-ion batteries, covering the alterations in cell composition, the effect of the electrode charge state, temperature effects, and electrolyte deterioration. Additionally, this research offers approaches for predicting the lifespan of lithium-ion batteries, including those based on physical models, machine learning, and artificial intelligence. In this work, cycle life testing techniques are also discussed, including accelerated aging experiments for lithium-ion capacitors. The paper concludes by discussing future directions for the creation of aging mechanisms and lithium-ion capacitor life prediction techniques. [ABSTRACT FROM AUTHOR]