Time is affected by gravitational potential, as established by relativity, but the impact of electromagnetic fields on time is less clear. Local proper time can vary due to the curvature of space-time created by electromagnetic fields, although this effect is typically very small and difficult to observe in laboratory conditions. The discussion also touches on the idea that all energy, including electromagnetic fields, has a gravitational effect. Additionally, there are references to theories like Kaluza-Klein that seek to unify electromagnetism and gravity. Overall, more research and experimentation are needed to fully understand the relationship between time and electromagnetic fields.