Intensive research has been done on lithium-air batteries, especially in the last few years. Due to their very high theoretical specific energy, lithium-air batteries are one of the most promising candidates to power future electric vehicles. However, this new technology is in a very early stage of development, and several challenges must be overcome before there will be a commercially viable product. This review describes the most important critical aspects in the development of lithium-air batteries: the electrocatalysis of the oxygen electrode reactions, the degradation of the electrolyte and the oxygen electrode components, the structure of the oxygen electrode, and the passivation of the oxygen electrode during the discharge of the battery. Recent works in these areas are critically reviewed, and suitable research strategies to address these issues are discusse