Work

Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study

Year: 2024

Type: article

Abstract: • Potentiality of solar power plant to cater power to electric automotives. • Investigation of cash flow analysis utilizing payback period, internal rate of return, and net present value. • Analysis of annual electricity production and capacity utilization factor. • Estimation of greenhouse gas emissions reduced by renewable energy usage. Due to technological advancement and modernization, the demand for Electric Vehicles (EVs) is rising. In Bangladesh, there is a growing demand for electric vehicles such as auto-rickshaws and easy bikes, and electric automobiles will be familiar soon. The demand for electrically powered vehicles is increasing in response to growing environmental concerns; it helps balance the greenhouse effect and global warming. Solar-based charging systems are becoming increasingly popular due to their low greenhouse gas (GHG) emissions. The CO 2 emissions produced by solar-based EV charging systems are lower than those produced by coal-based chargers. Moreover, the Government of Bangladesh wants to accomplish Sustainable Development Goal (SDG) 7 by 2030 by increasing the proportion of accessible, cutting-edge, renewable energy sources. This study investigates and analyses the technological, economic, and ecological viability of a solar PV power plant in Bangladesh for charging EVs. This study examined solar-based EV charging stations, which generate 36,785.76 MWh of electricity for 20 years of their lifetime and are used to charge EVs. Furthermore, the net present value (NPV) is USD 652,656.80, the initial investment is USD 1,365,300, the Internal Rate of Return (IRR) is 11.70 %, and the Payback Period (PBP) is 7.2 years. Approximately per day, 250 battery-operated three-wheeler EVs can be charged using the generated electricity. In addition, the project will prevent the emission of 24,013.86 tons of CO 2 , 251.25 tons of SO 2 , 63.39 tons of NO x , and 12.55 tons of CO. Eliminating these GHG emissions may also aid Bangladesh in achieving SDG 13.

Source: Solar Compass

DOI: 10.1016/j.solcom.2024.100091

Authors: M. Naem Hossain, Muhammad Mahmood Hasan, M. Ahsan Habib, Fatin Bin Ferdous, Sazid Rahman

Institution: Islamic University of Technology

Language: English

Topic: Photovoltaic Systems and Sustainability

Subfield: Environmental Engineering

Field: Environmental Science

Domain: Physical Sciences

SDGs: Affordable and clean energy, Industry, innovation and infrastructure, Climate action, Sustainable cities and communities

Open Access status: gold

Estimated APC paid: $500