Motion visual evoked potentials (motion VEPs) have been used since the late 1960s to investigate the properties of human visual motion processing, and continue to be a popular tool with a possible future in clinical diagnosis. This review first provides a synopsis of the characteristics of motion VEPs and then summarizes important methodological aspects. A subsequent overview illustrates how motion VEPs have been applied to study basic functions of human motion processing and shows perspectives for their use as a diagnostic tool.