Objective: Automotive is one of the most leading sectors in the fuel consumption and also responsible for the air pollution, hence it has become a necessity to switch from the conventional machine to the electric vehicles as to reduce the environmental hazard impacts, and based on the recent technologies the various electric vehicles have been introduced. Methods/statistical analysis: The electric vehicles have various advantages over the conventional cars as they maintain the emission and greenhouse gases, as they have a higher energy conversion efficiency, but the only disadvantages of the electric vehicles are the consistent replacement of the batteries, but that can also be replaced by recharging the battery through the renewable source of energy and the techno-economic model design of the vehicle will lead to evaluation of the unitary operating cost per electric drive vehicles using a methodology based on the depreciation charges and maintenance expenses. Findings: The finding of this work is to explore new and advanced hybrid technology that will help to improve the automobile industries and reduce the dependency on fossil fuel that also reduces the air pollution by the hybrid electric vehicles. Application/improvement: In this study, we have discussed the hybrid electric vehicle and its applications in various fields like electric bikes, electric cars, electric buses and other transportation and commercial purpose also. Now the Indian government also focuses on this sector and providing the subsidy for the buyers and manufacturers of electric vehicles.