The Role of Electric Vehicles in an Aggregator's Portfolio

ABSTRACT

As the world looks towards a future powered by renewable energy sources, the technical implications of phasing out fossil fuel-based energy production and the gradual electrification process that has intensified in recent years through the automatization of production are becoming more and more apparent. These changes may be seen in multiple sectors, but the attention of this article is focused on one of the biggest polluters, the transportation sector. The contribution of this article is relevant since the topic itself is highly relevant in the context of an ongoing energy crisis and recent policies which favour the increase of electric vehicle sales and the paper offers a condensed summary of the current state of electric vehicles in terms of currently available technologies, the evolution of the EV market in recent years as well as forecasts for the following decade and the contribution EVs may have to stabilize the power system, which may be used as a basis for future research.