Polymer electrolytes are an important component of many electrochemical devices. This paper reviews stateof-the-art of the electrochemical and physical properties of polymer electrolytes. This review mainly encompasses the properties of different salts, solvents, and polymer hosts, which are encaged in liquid electrolytes. The additions of filler in polymer electrolytes result in composite polymer electrolytes, having high mechanical integrity and ionic conductivity, that are ideal electrolyte for these applications. The next generation state-of-the-art room-temperature ionic liquids based electrolytes, which are far superior to corresponding nonionic solvent-based electrolytes, are also discussed.