No. They are not the same. Sweetened condensed milk is made by evaporating most of the water content from regular milk and then adding sugar resulting in a thick and syrupy consistency due to its high sugar content. It has very sweet with a rich, caramelized flavor. Similarly, evaporated milk is made by removing water from regular milk, but it contains no added sugar. It's thicker than regular milk but less thick than sweetened condensed. And it has a rich and creamy texture and flavor.