Multi-Battery Swapping Station Modelling for EVs With Strategic Discounting and Solar Energy

Abstract

The successful roll-out of electric vehicles (EVs) in the market requires adequate charging infrastructure to mitigate concerns regarding their range and long charging delays. With this motivation, a business model is proposed in this paper for the modelling of multi-battery swapping stations for EVs with some strategic discounts. The proposed model generates profits for their owners while providing an efficient alternative to charging EV batteries. This model also utilizes solar energy for charging these batteries, with the provision to supply excess power back to the grid. The proposed model considers two different types of batteries along with discounts during solar peak hours. The results show its feasibility and effectiveness in providing the required services.