Powering Sustainability: Electric Vehicles and V2G Technology
Abstract/Description
Constant fuel price hikes paired with energy directed interests of numerous countries have created consumer attention and market integration for electric vehicles with a shift away from internal combustion engines. While EVs represent a significant step forward for the environment, their growing energy demands also pose some serious challenges for the stability of the power grid by creating a dilemma for electric utilities, grid operators and vehicle owners due to a massive new source of electricity demand. To accommodate this, utilities will need to upgrade distribution infrastructure, transmission infrastructure and increase overall electricity generation vehicle-to-grid technology adaption. Renewable sources such as solar and winds are quickly gaining momentum, but they are intermittent and inconsistent. To maximize the benefits of renewable energy, we need technologies that enable efficient EV batteries to capture energy from power grids when it’s available and store it for distribution when it’s needed. This bidirectional charging infrastructure can reduce energy costs and price volatility. However effective transition to a truly integrated vehicle-grid system can only be achieved by addressing the various obstacles leading to sustainable energy within smart cities. Zero carbon emission system can generate a significant ROI for consumers, grid owners as well as the economy as a whole.
Keywords
Electric vehicles, Vehicle-to-grid Technology, Sustainable transportation, Renewable energy, Smart Grid, Carbon Emissions, Energy Management, Peak Load Shaving
Track
Marketing
Session Number/Theme
3A
Session Chair
Dr. Wajid Rizvi ; Dr. Farah Naz Baig
Start Date/Time
27-5-2023 2:30 PM
End Date/Time
27-5-2023 4:30 PM
Location
MCS-5, AMAN-CED, First Floor
Recommended Citation
Shahzad, S. (2023). Powering Sustainability: Electric Vehicles and V2G Technology. 3rd IBA SBS International Conference 2024. Retrieved from https://ir.iba.edu.pk/sbsic/2023/program/40
COinS
Powering Sustainability: Electric Vehicles and V2G Technology
MCS-5, AMAN-CED, First Floor
Constant fuel price hikes paired with energy directed interests of numerous countries have created consumer attention and market integration for electric vehicles with a shift away from internal combustion engines. While EVs represent a significant step forward for the environment, their growing energy demands also pose some serious challenges for the stability of the power grid by creating a dilemma for electric utilities, grid operators and vehicle owners due to a massive new source of electricity demand. To accommodate this, utilities will need to upgrade distribution infrastructure, transmission infrastructure and increase overall electricity generation vehicle-to-grid technology adaption. Renewable sources such as solar and winds are quickly gaining momentum, but they are intermittent and inconsistent. To maximize the benefits of renewable energy, we need technologies that enable efficient EV batteries to capture energy from power grids when it’s available and store it for distribution when it’s needed. This bidirectional charging infrastructure can reduce energy costs and price volatility. However effective transition to a truly integrated vehicle-grid system can only be achieved by addressing the various obstacles leading to sustainable energy within smart cities. Zero carbon emission system can generate a significant ROI for consumers, grid owners as well as the economy as a whole.
