ECONOMIC IMPACT OF TRADIONAL METHOD AND V2H CHARGING MODEL FOR ELECTRIC VEHICLES IN INDIAN SCENARIO
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Abstract
The twenty-first century is beset by several issues, one of the most pressing of which is the preservation of human life. Our inventions and innovations catapulted humanity into the modern period, but the cost was our very life. One such issue is the environmental damage caused by the combustion of fossil fuels. Electric vehicles, as an alternative, have lately gained popularity, but also add to the burden on the electric grid system. But Indian power generation heavily relies fossil fuel with the added load electric vehicles might not make desired impact. In considering a new charging model called V2H charging model had gained popularity. V2H models simply uses use a relay switch that discharges during peak load and charges during lean times. The effectiveness of these two models on Indian consumption has been investigated. These two models are also compared to the traditional charging mechanism. According to a study, the smart charging approach is more efficient.