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Optimised business model for effective charging of batteries in electric vehicles

Electric vehicles are the future of sustainable green transportation system with an emerging market due to the aggressive policy by the governments' world over on clean green energy initiatives to reduce the carbon foot print. The research is mainly concentrated on batteries: material, health monitoring and charging systems. Installation of superfast battery charging gear in large numbers is required to alleviate the range anxiety of the EV owners. The proposed business model is based on the database of users and batteries maintained at a centralised battery swapping management system (CBSMS), a smart battery rapid-tester, local load management system, battery bank and a solar photovoltaic grid integrated/standalone system or a mobile unit for battery charging and swapping. This technically and economically feasible model reduces the peak demand on the grid and rating of BESS in standalone SPV charging infrastructure leading to fast penetration of EV into the transportation system.