Optimized Electric Vehicle Charging Pricing Method Using Game Theory

Abstract

First, behavior models of the station operator and consumer are established considering all the main factors. Second, an optimized EV charging pricing method using Game Theory is introduced based on benefit-cost analysis. The calculation of government subsidies is also proposed in order to reach an equilibrium charging price. Finally, actual data of Hebei is used and results are shown to give supports to local government and charging station operator’s decision making.