Optimized Control of Bidirectional EV Charging for Net Zero with Incentivized Prosumerism

The rise in energy demand of Electric Vehicles (EVs) is an increasing burden on the grid. Solutions proposed to reduce grid load, for example, storing surplus energy from EVs, are costly and do not address associated challenges such as communication reliability and the optimum number of charging stations. This paper proposes an optimized energy management by availing supply from EVs and renewable resources for achieving net zero. We consider that EVs sell their surplus energy via bidirectional Vehicle-to-Grid exchange. Demand and supply from EVs and energy output from renewables are intelligently predicted and shared with the grid through a 5G communication network. A cost minimization solution alters grid supply according to available EV supply. This paper analyzes the upper bounds of EV demand and supply, utilizes game theory to incentivize EVs, and discusses the optimum number of charging stations. Results show that the proposed solution reduces 38.21% of the grid load and 5.3% cost.