A Study on Latest trends in Automobile Industries with Reference to Electric Vehicles and Smart Grids

Automobile is trending now a day because every use personal vehicle for travelling and this paper reveals some of the aspects about the one of the personal vehicles i.e Electric Vehicle and further about Smart grids for that electric vehicle. This is about how Electrical Vehicles can contribute to grid stabilization, simulation-based research for smart charging, grid communication, block chain based technology for Electric Vehicles with the purpose of achieving the international environmental and sustainable goals. Smart grid and future electric vehicle is the most emerging issues that are integrating in the near future. With the increase numbers of EV’s, new challenges are imposed to the grid, in terms of synergistic, continuous, dynamic, and stable integration of electric mobility problems. What was impossible to achieve back in history, eliminating Electrical Vehicles from the market due to its disadvantages is now possible via the Smart Grid integration. This paper presents a review of electrical vehicles and the novel proposals on how to smartly integrate it into the Smart Grid. Moving forward the future characteristic of a smart grid includes, flexibility being able to adapt to the changing needs that a system could require, clever and safe these are the values of the smart grid, efficient where minimizing new infrastructure for electrical grid is the aim, open to be integrated with renewable energies safely, and finally sustainable a key point to the future environment and sociable acceptance. Due to the world vision of smart grid, things are changing rapidly.