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    $\begingroup$ This is because I know the induced electric field does not have a potential associated with it. It's a barrier to learning when know something that isn't true. There is a potential associated with a changing magnetic field, it's just that it's a rather unusual multi-valued potential, which increases each time you go round a loop surrounding the changing field. $\endgroup$
    – Neil_UK
    Commented Aug 29, 2020 at 21:31
  • $\begingroup$ @Neil_UK Is it something like this - each time I go around the loop, the potential is regenerated? Further if I do not place any loop, the potential remains constant (given Magnetic field varies linearly) ? $\endgroup$
    – Tony Stark
    Commented Aug 30, 2020 at 2:29
  • $\begingroup$ The potential is not regenerated, the potential continually increases as you progress round the loop. Unfortunately, the best way to describe potential is change of energy as you move charge, and that's precisely the thing you're having trouble with. Consider a transformer, a 10 turn secondary generates 10x the total voltage that a 1 turn secondary does. If you do not place a loop? The loop is there, topologically, it doesn't matter whether you physically place a conductor there or not, see the Betatron $\endgroup$
    – Neil_UK
    Commented Aug 30, 2020 at 4:35
  • $\begingroup$ @Neil_UK In case it is not too much trouble,do you mind writing a proper answer as by far you have interpreted my question best, $\endgroup$
    – Tony Stark
    Commented Aug 30, 2020 at 5:21
  • $\begingroup$ How and why are not really questions that physics can answer. When we observe something, like a wire looped round a changing magnetic field gets hot, we then devise models to predict what will happen. The models have to be consistent with the observation. Potential is a 'book keeping' thing that helps us keep account of how the energy of a test charge varies as we take it round the loop, nothing more. Because the energy rises with every once around the loop, the potential, or pseudo-potential as it's sometimes called, has to be multi-valued. How energy gets from field to wire? QED may? $\endgroup$
    – Neil_UK
    Commented Aug 30, 2020 at 15:08