Energy Storage and Electric Vehicles: Technology, Operation, Challenges, and Cost-Benefit Analysis

Abstract

With ever-increasing oil prices and concerns for the natural environment, there is a fast-growing interest in electric vehicles (EVs) and renewable energy resources (RERs), and they play an important role in a gradual transition. However, energy storage is the weak point of EVs that delays their progress. The world's EV industry is accelerating to faster adoption with appropriate incentives to the EV owners, policy support, and encouraging local manufacturing. The increasing demand for EV's has presented itself as an authentic alternative to internal combustion engines (ICE). The main feature of the RERs is their variability and intermittency. These drawbacks are overcome by integrating more than one renewable energy source including backup sources and storage systems. This paper presents various technologies, operations, challenges, and costbenefit analysis of energy storage systems and EVs.

Opportunities, Challenges and Strategies for Developing Electric Vehicle Energy Storage Systems under the Carbon Neutrality Goal

“…Electric vehicle users can benefit economically by "shaving peaks and filling valleys" and providing auxiliary services such as frequency regulation, voltage regulation, and spinning reserve for the power grid [33]. However, the profitability mechanism of auxil iary services is still unclear.…”

Modelling the Optimal Electricity Mix for Togo by 2050 Using OSeMOSYS

“…Hansen et al proposed a feasible transition strategy to reach 100% renewable energy, taking into account all energy sectors (Hansen et al 2019). To achieve this high share of renewable energy, there are some crucial measures, such as the use of electric vehicles to replace internal combustion engine vehicles (Salkuti 2021). This allows more electrical storage to be added to the energy system and greatly increases the energy efficiency of the transport sector by using renewable energy sources.…”

“…In particular within the heating sector, there is significant potential for energy savings, while complementary savings are also possible in the industry and electricity sectors. Furthermore, technologies such as electric vehicles, mini-grids, heat pumps and electrolysers improve the efficiency of the energy system while increasing its flexibility and allowing the integration of more renewable electricity (Kyriakopoulos & Arabatzis 2016;Hansen et al 2019;Salkuti 2021). Also in the Latin America, the electricity mix of countries has been changing significantly in the last few years.…”

Co‐simulation of integrated transmission and distribution systems (ITDS)

“…The assessments of EV batteries in phases like development, life cycle, energy management and integration with distribution networks using improved machine learning based analysis has been addressed in [23]. The inclusion of EVs in the system considering the intermittency of various RES with cost benefit analysis of the same has been presented in [24]. The prototype design for a 1 kW inductive wireless power transfer system with a high frequency supply and power converters for electric vehicle charging station (EVCS) with charging standards has been provided in [25].…”