Advanced Rate Designs Harnessing Vehicle-Grid Integration Technology

Honda has set a target to sell 100 percent electric vehicles in North America by 2040. EV customers want to minimize their EV charging costs, which are governed by their utility?s rates. American Honda Motor Co., Inc. collaborated with Energy and Environmental Economics, Inc to study incentivized vehicle charging through Aggregator tariffs. The analysis focuses on dynamic rates which assure win-win-win approaches for the Utility, the Aggregator, and the EV User. Advanced metering, declining technology and communications costs and rapid commercialization of smart charging technologies make advanced rate designs a viable and broadly available VGI pathway.