A Cost Optimization Model for Charging the Batteries of Electric Vehicles at Battery Swapping Stations

Electric vehicles (EVs) with minimal noise, fewer carbon emissions, and excellent efficiency have become an unavoidable alternative for vehicular sustainable development due to environmental degradation and energy limitations. In India, the EV industry is rising rapidly, but charging stations for EVs are still a big challenge. For several reasons, EV battery swapping is an excellent alternative to EV charging stations. It’s more convenient, it’s faster, and it’s less expensive. Battery swapping is the way to go for a way to charge EVs quickly and easily. This report presents a good system for an effective battery swapping station by finding out the ideal charging schedule for exchanged electric vehicle (EV) batteries. The goal is to reduce an objective function while considering three variables: the number of batteries drawn from the store to fulfill all incoming EV swap orders, possible charging damage from using high-rate chargers, and power costs for various time periods of the day.