High rate and long cycle life performance for electrodeposited, binder‐free V2O5 thin film cathodes and lithium metal anodes is described using liquid and polymer gel electrolytes of the pyrrolidinium based (C4mpyrTFSI) ionic liquid (IL). Sharp well‐defined voltammetric peaks typically seen with nanostructured V2O5 materials in organic electrolytes, support the fast kinetics observed. The addition of vinylene carbonate (VC) stabilises the electrolyte interface leading to higher electrode capacities than for the additive‐free electrolyte, ∼120 versus ∼90 mAh g−1 at 0.75 C. Polymer gel electrolytes based on the IL yield similar electrode capacities, coulombic efficiencies and high rate performances without the VC‐additive. The polymer gel option delivers the better long‐term stability up to 400 cycles with lithium metal anodes with minimal capacity fade at elevated charge and discharge rates up to 5 C.