The automobile industry is moving fast towards Electric Vehicles (EV); however this paradigm shift is currently making its smooth transition through the phase of Hybrid Electric Vehicles. There is an ever-growing need for integration of hybrid energy sources especially for vehicular applications. Different energy sources such as batteries, ultra-capacitors, fuel cells etc. are available. Usage of these varied energy sources alone or together in different combinations in automobiles requires advanced power electronic circuits and control methodologies. An exhaustive literature survey has been carried out to study the power electronic converter, switching modulation strategy to be employed and the particular machine to be used in an EV. Adequate amount of effort has been put into designing the vehicle specifications. Owing to stronger demand for higher performance and torque response in an EV, the Permanent Magnet Synchronous Machine has been favored over the traditional Induction Machine. The aim of this thesis is to demonstrate the use of a multi level inverter fed Brush Less Direct Current (BLDC) motor in a field oriented control fashion in an EV and make it follow a given drive cycle. The switching operation and control of a multi level inverter for specific power level and desired performance characteristics is investigated. The EV has been designed from scratch taking into consideration the various factors such as mass, coefficients of aerodynamic drag and air friction, tire radius etc. The design parameters are meant to meet the requirements of a commercial car. The various advantages of a multi level inverter fed PMSM have been demonstrated and an exhaustive performance evaluation has been done. The investigation is done by testing the designed system on a standard drive cycle, New York urban driving cycle. This highly transient driving cycle is particularly used because it provides rapidly changing acceleration and deceleration curves. Furthermore, the evaluation of the system under fault conditions is also done. It is demonstrated that the system is stable and has a ride-through capability under different fault conditions. The simulations have been carried out in MATLAB and Simulink, while some preliminary studies involving switching losses of the converter were done in PSIM.