DOI:10.35833/MPCE.2019.000326 Grid Integration of Electric Vehicles for Economic Benefits: A Review Page view: 0        Net amount: 129 Author: Harshavardhan Patil1,Vaiju Nago Kalkhambkar1 Author Affiliation: Rajarambapu Institute of Technology (affiliated to Shivaji University, Kolhapur), Islampur, India Foundation: Abstract: Emissions from the internal combustion engine (ICE) vehicles are one of the primary cause of air pollution and climate change. In recent years, electric vehicles (EVs) are becoming a more sensible alternative to these ICE vehicles. With the recent breakthroughs in battery technology and large-scale production, EVs are becoming cheaper. In the near future, mass deployment of EVs will put severe stress on the existing electrical power system (EPS). Optimal scheduling of EVs can reduce the stress on the existing network while accommodating large-scale integration of EVs. The integration of these EVs can provide several economic benefits to different players in the energy market. In this paper, recent works related to the integration of EV with EPS are classified based on their relevance to different players in the electricity market. This classification refers to four players: generation company (GENCO), distribution system operator (DSO), EV aggregator, and end user. Further classification is done based on scheduling or charging strategies used for the grid integration of EVs. This paper provides a comprehensive review of technical challenges in the grid integration of EVs along with their solution based on optimal scheduling and controlled charging strategies. Keywords: Electric vehicle (EV) scheduling ; economic benefit ; vehicle-to-grid (V2G) ; aggregator ; EV grid integration ; distribution system operator (DSO) ; cost minimization Received:May 14, 2019               Online Time:2021/01/22 View Full Text       Download reader