Economic Impact of High Penetration of Electric Vehicles in Distribution Networks

The mass adoption of electric vehicles (EVs) with plug-in capabilities presents significant challenges for power networks, including increased cost investment, power loss, and voltage profile. Conventional structures and operational principles of distribution networks are unsuitable for this new era. Predicting the challenges affecting electrical DNS and production grids and their operational efficiency costs is crucial due to the gradual introduction of EVs. To improve distribution network stability, secure power quality, voltage profile, and reactive power, it is essential to avoid overloading components, minimize system losses, use different electricity tariffs, and adopt smart technology like smart houses and green homes. This will ensure network stability and profitability for distribution companies.