Overview of Electric Vehicle: Opportunities and Challenges with Smart Grid

Abstract

Electric vehicle (EV) has become the green transportation tool for the twenty-first century due to rise in pollution level all across the world. Due to environmental concerns and growing price of gasoline and other fuels required for transportation, there is a need of EV which will curb the emission of harmful pollutants in the atmosphere. Therefore, the automobile industries have started to take necessary steps for the same, thus giving rise to EV in the society. EV is a highly researchable topic and has gained immense attention in past few years. This paper briefly introduces the electric vehicle including its types, components, and the concerned economics. It also discusses about the interaction of EV with the grid and the optimization objectives that the EV industry is focusing upon. This paper also states the challenges that the optimization techniques might face while integrating EV with the grid.