The global reliance on electric vehicles (EVs) has been rapidly increasing due to the excessive use of fossil fuels and the resultant CO2 emissions. Moreover, EVs facilitate using alternative energy sources, such as energy storage systems (ESSs) and renewable energy sources (RESs), promoting mobility while reducing dependence on fossil fuels. However, this trend is accompanied by multiple challenges related to EVs’ traction systems, storage capacity, chemistry, charging infrastructure, and techniques. Additionally, the requisite energy management technologies and the standards and regulations needed to facilitate the expansion of the EV market present further complexities. This paper provides a comprehensive and up-to-date review of the state of the art concerning EV-related components, including energy storage systems, electric motors, charging topologies, and control techniques. Furthermore, the paper explores each sector’s commonly used standards and codes. Through this extensive review, the paper aims to advance knowledge in the field and support the ongoing development and implementation of EV technologies.