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How Much Electricity Sharing Will Electric Vehicle Owners Allow from Their Battery? Incorporating Vehicle-to-Grid Technology and Electricity Generation Mix

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  • Kyuho Maeng

    (Department of Industrial Engineering, College of Engineering, Yonsei University, 50 Yensei-Ro, Seodaemun-gu, Seoul 03722, Korea)

  • Sungmin Ko

    (Department of Industrial and Management Systems Engineering, Kyung Hee University, 1732 Deogyeong-daero, Giheung-gu, Yongin, Gyeonggi 17104, Korea)

  • Jungwoo Shin

    (Department of Industrial and Management Systems Engineering, Kyung Hee University, 1732 Deogyeong-daero, Giheung-gu, Yongin, Gyeonggi 17104, Korea)

  • Youngsang Cho

    (Department of Industrial Engineering, College of Engineering, Yonsei University, 50 Yensei-Ro, Seodaemun-gu, Seoul 03722, Korea)

Abstract

Global trends and prospects of environmentally friendly transportation have helped to popularize electric vehicles (EVs). With the spread of EVs, vehicle-to-grid (V2G) technology is gaining importance for its role in connecting the electricity stored in the battery of EVs to a grid-like energy storage system (ESS). Electricity generation mix and battery for V2G energy storage have a decisive effect on the stabilization of a V2G system, but no attempt has been made. Therefore, this study analyzes consumer preference considering the electricity generation mix and battery for the V2G. We conduct a conjoint survey of a 1000 South Koreans and employ the multiple discrete-continuous extreme value model. The results show that drivers prefer plug-in hybrid- and battery EVs to other vehicles. Additionally, findings show that driver’s utility changes at 27.9% of the battery allowance for V2G system and it becomes positive after 55.7%. Furthermore, we conduct a scenario analysis considering the electricity generation mix (more traditional vs. renewable) and battery allowance. Based on this analysis, we suggest some policies and corporate strategies to support the success of the V2G market depending on energy policies and battery allowance level.

Suggested Citation

  • Kyuho Maeng & Sungmin Ko & Jungwoo Shin & Youngsang Cho, 2020. "How Much Electricity Sharing Will Electric Vehicle Owners Allow from Their Battery? Incorporating Vehicle-to-Grid Technology and Electricity Generation Mix," Energies, MDPI, vol. 13(16), pages 1-25, August.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:16:p:4248-:d:399983
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    2. Ko, Sungmin & Shin, Jungwoo, 2023. "Projection of fuel cell electric vehicle demand reflecting the feedback effects between market conditions and market share affected by spatial factors," Energy Policy, Elsevier, vol. 173(C).
    3. Md. Rayid Hasan Mojumder & Fahmida Ahmed Antara & Md. Hasanuzzaman & Basem Alamri & Mohammad Alsharef, 2022. "Electric Vehicle-to-Grid (V2G) Technologies: Impact on the Power Grid and Battery," Sustainability, MDPI, vol. 14(21), pages 1-53, October.
    4. Jesús Rodríguez-Molina & Pedro Castillejo & Victoria Beltran & Margarita Martínez-Núñez, 2020. "A Model for Cost–Benefit Analysis of Privately Owned Vehicle-to-Grid Solutions," Energies, MDPI, vol. 13(21), pages 1-38, November.
    5. Cristina Sousa & Evaldo Costa, 2022. "Types of Policies for the Joint Diffusion of Electric Vehicles with Renewable Energies and Their Use Worldwide," Energies, MDPI, vol. 15(20), pages 1-19, October.

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