Control Strategies, Economic Benefits, and Challenges of Vehicle-to-Grid Applications: Recent Trends Research

With the rapid growth in the number of EVs, a huge number of EVs are connected to the power grid for charging, which places a great amount of pressure on the stable operation of the power grid. This paper focuses on the development of V2G applications, based on the current research status of V2G technology. Firstly, the standards on V2G applications and some pilot projects involving more representative V2G systems are introduced. Comparing V2G applications with ordered charging and unordered charging, the social and economic benefits of V2G applications are highlighted. Analysis of the social benefits of V2G applications concerns three points: the grid demand response, personalized charging, and the coordination of renewable energy sources. And analysis of the economic benefits of V2G applications is divided into three parties: the grid, the aggregator, and individuals. From the perspective of innovative EVs expanding the application scenarios through V2G technology, V2G applications for commercial EVs, emergency power applications, and vehicle-to-vehicle energy trading are introduced. The current challenges related to V2G applications are presented: users' willingness to participate in V2G applications, battery loss, charging and discharging tariffs, privacy and security, and power loss. Finally, some research recommendations for the development of V2G applications are given and the current state of research in regard to those recommendations is presented.