Global Venture Lab Technical Brief
Authors: Anthony Papavasiliou, Andrew Lee, Phil Kaminsky, Ikhlaq Sidhu, Burghardt Tenderich, Shmuel Oren
The large-scale deployment of electric vehicles in the Bay Area will inevitably impact the electric power supply, transmission, and distribution infrastructure. In this report we focus on identifying how well wind and solar power supply correlate with battery electric vehicle loads and we analyze an optimal choice of supply contracts for satisfying these loads in the context of a deregulated electricity market. We find that wind generation is cost competitive with fossil fuel energy sources for supplying electric vehicles, whereas solar power supply does not appear to be an economically viable option. We also find that careful charging strategies can lead to significant economic savings. Finally, we estimate that electric vehicle deployment can have a moderate impact on the California peak load.