The Key Issues for China’s Electric Vehicles to Participate the Electricity Market

Abstract

At present, China has the world's largest number of electric vehicles, and the total amount of charging power from electric vehicles is growing rapidly. Due to the small scale and high dispersion of a single electric vehicle, however, it is difficult for electric vehicles to participate the electricity market directly and share the dividends of electricity reform in China. Reducing electricity prices through the participation of electricity market can effectively encourage consumers to choose and use electric vehicles. Based on the analysis of the current Chinese electricity market, this paper studies the way in which electric vehicles participate in the electricity market in China, and designs corresponding market participation mechanisms.