Energetica India nº91 July August 2020

ELECTRIC VEHICLE and then leveraged so that EVs can still be charged when electricity prices are high during peak times. This means that CPOs need draw power from the grid only when it is more economical to do so. This will be critical not only in reducing the impact of EV charging on the grid, but also in striking a balance between operating costs and service quality. While construction of this infrastructure will be crucial in urban areas, it also opens up new possibilities for building EV charging stations in more remote lo- cations, such as on intercity roads or in smaller towns where the upgrade of key infrastructure is not as economically fea- sible. The benefits of this approach are clear. Utilizing green energy and dynamic en- ergy management at EV charging sta- tions will reduce energy costs for CPOs while having a positive impact on the en- vironment. It will also ensure that grid sta- bility will be maintained under increased power demand during peak periods, effectively transforming EV charging sta- tions into micro grids. Note: https://www.cnbc.com/2018/05/30/ electric-vehicles-will-grow-from-3-mil- lion-to-125-million-by-2030-iea.html 45 energetica INDIA- July-Aug_2020