Synergy between solar energy and electric transport

Abstract

Both electric transport and solar photovoltaic technologies experience rapid development and increasingly large role in transport and energy, and their mutual interaction can be seen both as challenge and opportunity. The goal of this study was to investigate potential synergy between both technologies from the economic perspective of a household consumer, and to compare various scenarios of use of the technologies in case of Latvia. The study compares such factors as energy costs, grid costs, taxes as well as costs related with planned maintenance of vehicles as main parameters for the analysis. Research confirms that synergy of solar energy and electric vehicles provides significant potential economic benefits for household consumers.