I'm not actually building it. I'm given a task to write the proposal and final report of the project so I have to include 2 research questions & 2 corresponding principles involved. One question is how can the solar energy be converted into electrical energy? The principle involved in photo electric effect.
Ah ok. In that case I would draw a block diagram showing the following five blocks..
Solar cells
A Charge Controller & Battery Management System
The Battery
A speed controller
A motor/generator
You can explain that the charge controller and BMS is a complicated microcontroller based circuit that matches the performance of the solar cells to the battery and provides other support and safety functions. For example it might provide the following features:
Matching the Voltage of the cells to the battery (DC-DC capability).
Maximising efficiency of the solar panels (by ensuring that the solar cells operate at their Maximum Power Point for the available level of illumination and load).
Managing the battery (Preventing over or under charging, Providing a battery "fuel gauge". Temperature control, overload protection)
If the car has regenerative braking it may also provide support for that. Normally this involves turning the motor into a generator and putting the energy back into the battery via the charger. But there is a lot more to it. For example you can't use regenerative braking if the battery is already full, you have to dump the power somewhere else or use conventional brakes that waste it as heat.
There are several ways to build a DC-DC convertor. The type used in a solar powered car is probably going to be based on some sort of switched mode power supply due to the power levels involved and the need to maximise efficiency. These would use inductors/transformers so it's not unreasonable to refer to mutual induction as a principle of operation.
That should give you some ideas but don't just copy the above into your report. I may have inserted a deliberate mistake :-)