The research article endeavors to explore the efficient multi-quadrant operations in Electric Vehicles (EV), which emphasizing among the renewable sources and Energy Storage Management Systems (ESMS). This coordination is facilitated through the latest advancements in converter circuits, aiming to enhance efficiency and performance in EV operations. The primary converting circuit, or inverter, is crucial in optimizing the utilization of energy sourced from renewable sources. The coordination among these systems along with the converter, produces harmonics, due to the shifting of operating modes in EV motors in quick sessions because of dynamic real-time road conditions. This research paper presents the design and implementation of Self Balancing Modulated Five-Level Inverter along with a powerful modulation technique and coordinated with the ESMS of electric car application. The proposed 5-Level inverter shows the reduction in torque distortions in an electric vehicle drives over conventional two-stage boost inverter (2SBI) circuits. The designed Five-Level Inverter (FLI) circuit characterized by reduced switching operations, shows a significant reduction in voltage stress gradients on switches and achieves self-balancing of voltages with reduced operating components. The developed three-phase boost single circuit named as SBAM-FLI is connected to the grid integrated renewable energy application and the system is tested at constant and variable torque conditions. A comparative analysis is conducted between the operation of self-balancing modulated FLI with 2SBI based on the obtained results and power loss analysis is performed for the performance evolution in EV applications. The proposed topology is adaptable to both the Trapezoidal and Sinusoidal Back EMF drive mechanisms, which shows significant improvement over conventional inverters. The experimental validation of proposed self-balancing modulated FLI design is presented in this research. The experimental setup was realized using Xilinx block sets and seamlessly integrated with the Basys-3 Artix-FPGA board, consequently, both the experimental and simulation outcomes of the proposed converter topology were validated and provides substantial impact on EV applications.