Cost minimization control for electric vehicle car parks with vehicle-to-grid technology

Su, Xiaoke and Yue, Hong and Chen, Xu (2019) Cost minimization control for electric vehicle car parks with vehicle-to-grid technology. Systems Science and Control Engineering. ISSN 2164-2583 (In Press)

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    Abstract

    The high demand side cost of electric vehicles (EVs) affects the wide use of EVs in practice. In this work, a electricity cost model for EVs in a smart car park has been built up, which includes key factors such as the charging and discharging costs, the battery degradation cost, the driving probability, the feed-in tariff (FIT), and the vehicle-to-grid (V2G) rebates. Each EVs’ charging and discharging status are designed through an optimization route so as to minimize the car park electricity cost. Results from comprehensive simulation studies demonstrate the potential of V2G benefits for a car park system with multiple EVs subject to EV and battery characteristics, FIT and policy support.