A Simulation Modeling Approach for the Techno-Economic Analysis of the Integration of Electric Vehicle Charging Stations and Hybrid Renewable Energy Systems in Tourism Districts

Abstract

Electric vehicles (EVs) play a crucial role in tertiary sectors due to their eco-friendliness and sustainability when powered by clean energy. Integrating EV charging stations with renewable energy systems is essential to alleviate energy issues and grid pressure. Exploring this integration’s feasibility is imperative for sustainable transportation. This study aims to provide a clear approach and methodology for examining the potential of integrating renewable energy technologies with EV charging stations at the district level. Additionally, the study investigates the energy, economic, and environmental benefits of an integrated system comprising photovoltaic/wind turbines (PV/WTs) connected to the electricity grid to meet the energy demand of a tertiary district consisting of five hotels in Egypt. Through the development of a simulation model, the paper verifies whether the proposed energy system can meet the district’s energy demand. In addition, the simulation model has been employed to conduct a sensitivity analysis for investigating the impact of different charging rates on economic feasibility. The results indicate that a hybrid renewable energy system (HRES) integrated with an EV charging station can effectively relieve pressure on the electricity grid and provide electricity at competitive prices compared to the national grid. Moreover, the proposed energy system significantly reduces environmental emissions by up to 510 tons of CO2 per year and has the potential to decrease fossil fuel usage by 248 tons per year. Sensitivity analysis highlights the significant impact of charging prices on project profitability.