The increasing use of non-renewable sources has led to an increase in global warming and carbon footprint. In this scenario EV, BESS and renewable sources such as wind turbine generator and SPVA have proved to be highly beneficial in creating a sustainable future. This work makes one such attempt and creates an islanded microgrid with renewable energy sources, BESS and V2G. A novel rule-based energy management unit has been developed in this work to help supply of energy generated as per the load demand. The results indicate that the developed system can successfully meet load requirements and this will help to reduce the carbon emissions to a bare minimum. The complete system has been primarily simulated on MATLAB/Simulink and then verified using Hardware-in-loop configuration on a Hardware Test Bench.