Economics of Electric Vehicle Charging: A Game Theoretic Approach

In this paper, the problem of grid-to-vehicle energy exchange between a smart grid and plug-in electric vehicle groups (PEVGs) is studied using a noncooperative Stackelberg game. In this game, on the one hand, the smart grid that acts as a leader, needs to decide on its price so as to optimize its revenue while ensuring the PEVGs' participation. On the other hand, the PEVGs, which act as followers, need to decide on their charging strategies so as to optimize a tradeoff between the benefit from ...