Estimating Effect of Electric Vehicles on Indian Grid System and Identifying Consequent Opportunities
In context to the burning issues of rising fuel demand as well a step towards cleaner energy with lesser carbon emission targets (COP21, Paris Agreement), continuous efforts are made by Indian government for a shift towards E-mobility. Grand targets are set in transport sector, under mobility mission plan, India aims to bring in four lakh passenger electric vehicles (EVs) by 2020 and to go almost 100% electric cars by 2030 is supported by incentive schemes like FAME. The research paper focuses on predicting the growth of electric vehicles in different phases of timeline up to 2030 under various conditions. Further, technical evaluation of the effect of this rise of E-vehicles on Indian grid system at different penetration levels is made in respect to corresponding electricity consumption. Various opportunities to grid and market due to integration of large number of Electric vehicles are discussed in the paper with potential benefits of concept like V2G, and conveniently utilising upcoming quantum of intermittent energy from renewable sources. The challenges due to integration of vehicles and recommendations are also discussed. Possible business models to drive easy growth and smooth integration are outlined.