The influence of a charging station’s location on its profitability [paper]
M. Arnoldus (TU Delft - Electrical Engineering, Mathematics and Computer Science)
V. Robu – Mentor (TU Delft - Algorithmics)
C. Lofi – Graduation committee member (TU Delft - Web Information Systems)
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Abstract
With the increasing number of electric vehicles onthe road, the routing problem has become morecomplex. As charging electric vehicles takes longerthan fueling non-electric vehicles, congestion canoccur at charging stations. This might lead to theshortest route not being the fastest route, due tolong waiting times at the stations. By commu-nicating the intentions of each vehicle, they canspread out over multiple stations. This paper in-vestigates the effect of such a routing system on theprofitability of charging stations in comparison toa more simple shortest-path algorithm. In particu-lar, the influence of a charging station’s location onits profitability has been researched for both rout-ing algorithms. In order to do this, a pricing modelhas been developed to extend the routing mod-els used for both the shortest-path algorithm andthe intention-based routing algorithm. Through-out several simulations, it became clear that for theshortest-path algorithm, more centralised stationsobtain a higher profit, whereas for the intention-based routing algorithm there were no significantdifferences in profitability between the more cen-tral stations, and the ones on longer routes.