In the current era, an automobile vehicle company’s major focus is now on conserving natural resources, reducing consumption of fuel, and reducing the weight of vehicle components. To reduce greenhouse gas emissions and fuel consumption and mitigate global warming, an electric vehicle will be a viable option. However, the EV’s main issue is the vehicle’s battery longevity. More power is necessary to drive a vehicle. The best solution to the issue is to reduce the vehicle component weight. Electric Vehicle suspension systems are another sector in which these developments are performed on a regular basis. Substantial steps are being taken to improve the vehicle ride quality. In this study, static and dynamic analysis has been carried out by finite element analysis at Ansys workbench and taken structural steel material for mono leaf spring. In composite material, carbon fiber and glass fiber have been considered as reinforcement and resin epoxy has been taken as matrix for mono leaf spring. The composite material fabrication has been accomplished layer by layer at Ansys ACP. After analysis, this study has revealed that by using composite material a magnificent amount of weight reduction has been achieved without sacrificing load-bearing capability, strength, and rigidity.