LeoGlossary: Electric Vehicle (EV)

An electric vehicle is one that has no internal combustion engine (ICE). Instead, it employs an electric motor to run the wheels.

The main components:

• electric battery
• inverter
• electric motor
• regenerative braking system
• power control unit

The best example of an electric vehicle company is Tesla. A couple others are Rivian and Lucid.

These companies are in contrast to legacy automotive companies such as VW, GM, Ford, Toyota, and Honda. We are seeing some of these companies trying to transition to the production of EVs.

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