Electric Vehicle Charging Stations Business Models for India
Abstract
In recent years, installation of renewable energy facilities is
increasing rapidly in response to the movement to suppress the release of
greenhouse gasses responsible for the warming of the earth and to save fossil
fuels, which are growing increasingly precious. Furthermore, the cost of
photovoltaic systems is decreasing year by year. Therefore, it is assumed that
price of photovoltaic power will be falling in the future. However, in Japan,
the large amount of surplus electricity power from photovoltaic systems exerts
a bad influence on the power grid. In this study, an EV charging station
utilizing renewable energy is proposed as a business model. The proposed EV
charging station purchases power from photovoltaic systems at a low price and
use that power to charge a fixed battery. Then the power is sold, being used to
charge electric vehicles during the daytime. Moreover, the station can provide
power to smart houses at an economical price when load demand is high. The
effectiveness of the proposed EV charging station was verified with numerical
simulations.
Country : India
1 Rajonr dipak2 Jaydip Ughade
Assistant Professor, B.E., Electrical Engineering, SND College of Engineering and Research Centre Yeola, Pune, Maharashtra, India
Student, B.E., Electrical Engineering, SND College of Engineering and Research Centre Yeola, Pune, Maharashtra, India
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