Profit improvement strategy of electric vehicle charging stations sharing carbon trading revenue

Abstract

With the development of electric vehicles (EVs), a large number of electric vehicle charging stations (CSs) have been rapidly rolled out to meet the charging demand of EVs. However, high construction costs and long payback periods motivate investigations to improve the profits of CSs. Considering the profit improvement of CSs and carbon emission reductions, this paper first proposes a carbon revenue model for CSs to participate in the carbon trading market. A charging price strategy is proposed to share the carbon revenue with EV users to reduce the charging cost of users, increase the charging income of CSs, and reduce carbon emissions. By describing the EV users' response to the charging price based on the fuzzy theory, this paper establishes the charging behavior model of EV users and solves the profit optimization of the dynamic charging price model by particle swarm optimization algorithm. Finally, the results of the simulation case demonstrate the effectiveness of the proposed strategy. A sensitivity analysis of various grid power purchase prices illustrates the difference between the fixed and dynamic charging price methods. The dynamic charging price method is superior, and under the power purchase price of 0.5 yuan/kWh, it can lower EV user charging costs by 16.25%, improve CS profits by 30.09%, and reduce carbon emissions by 74.68%.