What is the difference between potential energy and kinetic energy, and how do they differ from each other?

Potential energy is the energy stored in an object due to its position or state, while kinetic energy is the energy of motion. The key difference is that potential energy is stored energy that has the potential to do work, while kinetic energy is the energy of an object in motion. In simpler terms, potential energy is like a coiled spring ready to release its energy, while kinetic energy is like a moving car in motion.