Trade Distance and Price Model for Electric Vehicle Charging using Blockchain-based Technology

Due to the demand for Electric Vehicles (EV) has been continuously increased nowadays, electric vehicle users must make their decision on the selection of charging stations (CS) by using both price and distance for effective performance. This article presents optimization for model trading using Blockchain (BC) which has decentralization, security and trustworthiness. According to the result, the price, distance, as well as charging waiting time and driving time to CS are the important factors for EV because all factors affect to make decision. The lowest price and the shortest distance are the best to make decisions to select CS and if considering both price and distance factor, the total cost is the most important for EV. However, to achieve maximum efficiency, the researcher pays attention to the time factor for the decision on the selection of charging stations. Therefore, in order to make decision to select CS, EV need to focus on price, distance and times because these factors cause costs. It will select the appropriate route and costs of CS by BC because it is secure and reliable that makes the best of efficiency.