Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study
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...
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Elsevier
2024-12-01
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| Series: | Solar Compass |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2772940024000250 |
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| author | M. Naem Hossain Muhammad Mahmood Hasan M. Ahsan Habib Fatin Bin Ferdous Sazid Rahman |
| author_facet | M. Naem Hossain Muhammad Mahmood Hasan M. Ahsan Habib Fatin Bin Ferdous Sazid Rahman |
| author_sort | M. Naem Hossain |
| collection | DOAJ |
| description | 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 CO2 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 CO2, 251.25 tons of SO2, 63.39 tons of NOx, and 12.55 tons of CO. Eliminating these GHG emissions may also aid Bangladesh in achieving SDG 13. |
| format | Article |
| id | doaj-art-cdf6787388eb41b6a2d9fbab70c880f0 |
| institution | DOAJ |
| issn | 2772-9400 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Solar Compass |
| spelling | doaj-art-cdf6787388eb41b6a2d9fbab70c880f02025-08-20T02:39:28ZengElsevierSolar Compass2772-94002024-12-011210009110.1016/j.solcom.2024.100091Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case studyM. Naem Hossain0Muhammad Mahmood Hasan1M. Ahsan Habib2Fatin Bin Ferdous3Sazid Rahman4Department of Technical and Vocational Education (TVE), Islamic University of Technology (IUT), Board Bazar, Gazipur, Dhaka, BangladeshDepartment of Mechanical and Production Engineering (MPE), Islamic University of Technology (IUT), Board Bazar, Gazipur, Dhaka, Bangladesh; Corresponding author.Department of Mechanical and Production Engineering (MPE), Islamic University of Technology (IUT), Board Bazar, Gazipur, Dhaka, BangladeshDepartment of Civil and Environmental Engineering (CEE), Islamic University of Technology (IUT), Board Bazar, Gazipur, Dhaka, BangladeshDepartment of Civil and Environmental Engineering (CEE), Islamic University of Technology (IUT), Board Bazar, Gazipur, Dhaka, BangladeshDue 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 CO2 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 CO2, 251.25 tons of SO2, 63.39 tons of NOx, and 12.55 tons of CO. Eliminating these GHG emissions may also aid Bangladesh in achieving SDG 13.http://www.sciencedirect.com/science/article/pii/S2772940024000250Photovoltaic solar panelsElectric vehiclesGreenhouse gas emissionsPayback periodInternal rate of returnNet present value |
| spellingShingle | M. Naem Hossain Muhammad Mahmood Hasan M. Ahsan Habib Fatin Bin Ferdous Sazid Rahman Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study Solar Compass Photovoltaic solar panels Electric vehicles Greenhouse gas emissions Payback period Internal rate of return Net present value |
| title | Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study |
| title_full | Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study |
| title_fullStr | Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study |
| title_full_unstemmed | Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study |
| title_short | Assessing economic viability and environmental impact of solar-powered EV charging station in Gazipur, Bangladesh: A case study |
| title_sort | assessing economic viability and environmental impact of solar powered ev charging station in gazipur bangladesh a case study |
| topic | Photovoltaic solar panels Electric vehicles Greenhouse gas emissions Payback period Internal rate of return Net present value |
| url | http://www.sciencedirect.com/science/article/pii/S2772940024000250 |
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