V2G or VEG?An investigation into the business model for future electric vehicles based on technological developments

doi:10.3969/j.issn.2095-4239.2013.03.018

Abstract

Abstract: Based on the understanding of technological developments for electric automotive industry in China, a Vehicle-Energy Station-Grid (VEG) model is proposed for future electric vehicles (EVs), and associated future business implementation is explored. The use of VEG enables the EV owners to have flexible choices. For example, they choose a slow charge process in their home garages or a fast charge route at an energy station equipped with low-cost, long-life MW scale battery energy storage units for a rapid charge service. In addition, the energy station can extract or deliver energy with the gird for peak and frequency regulations. For this model to work, development of the safe and fast-charging power battery and the low cost and long life storage battery is very essential.

Key words: electric vehicles, battery technology, business model, V2G, VEG

CLC Number:

U469.72

CHEN Yongchong, WANG Qiuping. V2G or VEG?An investigation into the business model for future electric vehicles based on technological developments[J]. Energy Storage Science and Technology, 2013, 2(3): 307-311.

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