An energy recovery device for recovering parasitic energy loss occurring in a moving vehicle; comprising a suspension having at least a frame side member, a drive side member, and an elastic member therebetween such that the frame and drive side members may move inwardly and outwardly with respect to one another; a coil housing having a plurality of coils (90a, 90b, 90n) disposed therewith in operative connection with one of the drive side and the frame side members; a magnet member having a plurality of magnets (80a, 80b, 80c, 80d, 80e, 80f, 80n), and least one magnet disposed therewith, in operative connection with the other of the drive side and frame side members, such that the magnet member positions the magnets thereof adjacent to the coils of the coil housing; the plurality of magnets comprising at least one fixed magnet; the energy recovery device being characterized in that the plurality of magnets comprise a plurality of freely moving magnets, wherein said magnet member includes a housing securing at least two magnets, wherein a first of the magnets is affixed to the housing and a second (80b, 80c, 80d, 80e, 80f, 80n) of the magnets is free to move, with respect to the first of the magnets, such that at least the second of the magnets moves adjacent to the coil, wherein the first and second magnets are spaced from one another by magnetic repelling forces maintained between the first and second magnets; the plurality of coils spaced apart by the same spacing as the spacing between the magnets; and in that, in response to movement induced between the coil and magnet by movement of the suspension, electricity is generated by the movement of the magnets with respect to the coils. a suspension having at least a frame side member, a drive side member, and an elastic member therebetween such that the frame and drive side members may move inwardly and outwardly with respect to one another; a coil housing having a plurality of coils (90a, 90b, 90n) disposed therewith in operative connection with one of the drive side and the frame side members; a magnet member having a plurality of magnets (80a, 80b, 80c, 80d, 80e, 80f, 80n), and least one magnet disposed therewith, in operative connection with the other of the drive side and frame side members, such that the magnet member positions the magnets thereof adjacent to the coils of the coil housing; the plurality of magnets comprising at least one fixed magnet; the energy recovery device being characterized in that the plurality of magnets comprise a plurality of freely moving magnets, wherein said magnet member includes a housing securing at least two magnets, wherein a first of the magnets is affixed to the housing and a second (80b, 80c, 80d, 80e, 80f, 80n) of the magnets is free to move, with respect to the first of the magnets, such that at least the second of the magnets moves adjacent to the coil, wherein the first and second magnets are spaced from one another by magnetic repelling forces maintained between the first and second magnets; the plurality of coils spaced apart by the same spacing as the spacing between the magnets; and in that, in response to movement induced between the coil and magnet by movement of the suspension, electricity is generated by the movement of the magnets with respect to the coils.