Optimized Dynamic Vehicle-to-Vehicle Charging for Increased Profit

Shorooq Alaskar () and Mohamed Younis
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Shorooq Alaskar: Department of Computer Science and Electrical Engineering, University of Maryland, Baltimore County, Baltimore, MD 21250, USA
Mohamed Younis: Department of Computer Science and Electrical Engineering, University of Maryland, Baltimore County, Baltimore, MD 21250, USA

Energies, 2024, vol. 17, issue 10, 1-23

Abstract: Many challenges have arisen as a result of the rapid growth of the electric vehicles (EVs) market, due to the lack of charging infrastructure capable of handling such a large number of EVs. To alleviate power grid system overloads and reduce the cost of corresponding infrastructure deployments, a direct vehicle-to-vehicle (V2V) energy exchange strategy has become an emerging research topic. In this paper, we formulate the problem of V2V energy charging on a time–space network and develop a dynamic-programming solution methodology for efficiently finding the solution. The algorithm can pair and route the energy supplier (ES) and the requester (ER) in such a way that maximizes the supplier’s profit. Specifically, the ES is incentivized to rendezvous ERs at any encounter nodes in order to dispense the requested energy amount through platooning. Unlike existing V2V charging solutions, our approach involves charging while vehicles are in motion. We validate the effectiveness of our approach in maximizing the profit of the ES and reducing the incurred overhead on the ER in terms of increased trip time, distance, and energy consumption.

Keywords: electric vehicle; V2V charging; vehicular routing; time-space network (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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