A Review Of Plug-In Hybrid Electric Vehicles As New Storage And Transportation System For Smart Grid

Plug-in Electric Vehicles (PEVs) will be an integral part of smart grids in the near future. Reduction in green house gas emissions, increase in oil prices and dependency on foreign oil are major incentives to the development and deployment of Plug-in hybrid electric vehicles. As fossil fuels prices climb higher, the search for alternative modes of transportation intensifies. One other possible solution is the transformation of current hybrid electric vehicles into larger capacity plug-in hybrid electric vehicles (PHEVs). The plug-in hybrid electric vehicle fleet is expected to increase the base electric load and add constraints on the reliable operation of a power system. With larger battery storage, the PHEV has the ability to run in all-electric mode for Commuters, switch to conventional gasoline engine for longer trips, and provide support to the power grid needed in emergency situations. This paper describes the economic implication of charging the vehicle or sending power back to the utility in brief, advantage of PHEV for grid, impact of PHEV on grid. A new parking facility as an energy exchange station called “Smart Garage” and Smart Metering for PHEV