Due to the growing energy crisis, engineers all over the world are burning midnight oil to develop such efficient systems which are based on renewable energy to cater the need of energy produced by conventional systems such as fuel, gas, etc that are cost inefficient. Extensive research is being done on the renewable energy systems that could displace the need of conventional and costly energy resources. One of the topics of interest now a days in all over the world is to develop vehicles based on renewable energy sources mainly solar energy source. The idea is to get rid of cost inefficient conventional fuel or gas engines that require day to day costly maintenance and adds to growing world pollution which in turn is causing global warming. The proposed project is to develop an efficient car that could run on batteries energized by either a solar source or DC power supply. The success of this project relies on high and efficient power handling capability of the system developed. NI myRIO FPGA is used in this project due to its efficient high power handling capability. The project achieves the best inversion efficiency from DC to AC using space vector modulation PWM inverter and achieves the least THD for the smooth working of 4 hp induction motor installed on the car. Efficient speed control mechanism of the solar electric car using space vector modulation PWM technique is another challenging work successfully done in this project. The final display of this project is a real time solar car with a sitting capacity of 2 persons, efficiently running on the roads and being controlled by graphical user system running on LABVIEW software.