Electric vehicles (EVs) have emerged as a potential solution to address the ecological issues posed by conventional internal combustion engine vehicles. The current study entails a comprehensive overview of the advancements and challenges in EV technology, focusing on key areas of development, including battery technology, environmental impact, charging infrastructure, and vehicle design. The current study begins by summarizing the significant improvements in battery energy density, cost reduction, and durability, which have contributed to the growing popularity of EVs. Evaluating developments in battery chemistry, energy density, and affordability, the study emphasizes how vital batteries are to determining the range and efficiency of electric vehicles. Focusing on deploying fast-charging networks and wireless charging technologies highlights the lack of technological advancements in the current charging infrastructure. Maximizing EV performance and range encompasses advancements in lightweight materials, aerodynamic improvements, and the integration of advanced driver-assistance systems. Environmental factors play a major role in this assessment since reducing air pollution and greenhouse gas emissions drives the switch to EVs. In this study, the life cycle of EVs is compared to that of conventional vehicles, and the possibility of EVs reducing the transportation sector's overall carbon footprint will contribute to net zero carbon emissions. In conclusion, this comprehensive review of recent developments and trends in EV technology, such as solid-state batteries, driverless EVs, and the contribution of tax breaks to EV adoption. To conclude, this thorough analysis is an invaluable resource for scholars, decision-makers, and industry participants who seek to comprehend the condition of EV technology today, its obstacles, and its potential to transform sustainable transportation completely.