Power electronics plays a major role in development and advancement of electric vehicles as it enables efficient energy conversion, optimal power management, maximizes the utilization of clean energy and reduces the reliance on fossil fuels. So, by leveraging power electronic technology, electric vehicles can achieve higher energy efficiency, reduced emissions and can contribute to a more sustainable and greener future of transportation which is the need of hour. One of the key components in the electric vehicle is power electronic converter which converts electrical energy between different forms and for controlling the voltage and current levels. Power electronic converters enable efficient power flow, control the speed and torque of electric motor, and facilitate regenerative braking. The first step to design a power converter is the selection of switching device which is based on the power loss analysis of the converter. The detailed study is to determine power loss with higher accuracy by considering parasitic elements and dependence factors like junction temperature, gate-source voltage, etc.