The component that converts motor power into electricity is typically called an alternator in modern cars, while older vehicles may use a generator. The main difference is that an alternator produces alternating current (AC), whereas a generator produces direct current (DC). Terminology can vary, with terms like dynamo and magneto also used in different contexts. When considering a purchase, it's essential to specify the desired output characteristics, such as voltage, current type, and whether it needs to be high or low. Understanding these distinctions is crucial for selecting the right device for specific electrical needs.