Optimized Dynamic Vehicle-to-Vehicle Charging for Increased Profit

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.