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Organizations worldwide are working to ensure the usage of low carbon generating entities meet day-to-day requirements such as power generation and transportation [1, 2]. The use of renewables has helped meet the target in the case of power generation. At the same time, a paradigm shift in the transportation sector with the introduction of electric vehicles (EVs) is evident. This paradigm shift rolled out challenges to the existing power systems due to an increase in the demand for electricity to charge, the use of EVs as distributed energy storage, and regulating the power quality. Smart charging techniques for EVs emerge as a solution to meet the challenges [3].

Smart charging of EVs supports the convergence of EV owners’ behavior and requirements, charging, the grid, and all participants involved in the system. Support is provided by various system enablers, which include supporting technologies, policies, and stakeholders. The benefits of smart charging extend to the efficient management of charging during peak and off-peak load hours, increased penetration of renewable energy, reduced transmission losses, economic and technical benefits to users, and much more [1, 4-6]. The smart charging system will unleash more benefits when the users’ and service providers’ requirements are a defined set of operational standards that are coherently aligned.

The literature presents a broader range of developments in the smart charging systems [5, 7]. Most of the works are on developing algorithms to either maximize, minimize, or compute an optimal parameter to define an efficient working of the smart charging system. Although it is desirable to approach the smart charging system’s design to inculcate the interests of all the stakeholders, most of the work did not consider the evolution of the market or the competitiveness of service providers and their outlooks [8].

Cars in general and EVs spend more than 90% of their lifetime parked. The parking period can be used for a variety of purposes, such as local energy storage, mobile energy storage, backup support to homes and buildings, active power support to the utility grid, ancillary services support, and much more. The services rendered by EVs generate income for the EV users as well. An EV can effectively be customized for both mobility and micro-grid connected systems. Apart from the mentioned services, EVs support renewable integration as well. The power generated from renewables is intermittent but attractive as the contribution of carbon emissions in this generation is reduced drastically. The EVs, when used as local energy storage devices, act as a bridge between the utility grid and renewables.

Smart charging also renders a fascinating opportunity to scale-up, improve reliability, automate operation monitoring and control, and overhaul the existing power systems. Although the increased penetration of EVs has a serious impact on the operation of the utility grid, the added potential of EVs with goals of smart charging make the power system flexible at the consumer end, as well as to the power system operator and connected entities. This chapter will focus on the various aspects of dealing with increased penetration of EVs using smart charging. Worldwide, the definition and context of “smart” may vary depending on the requirements of the users. The next subsection will introduce the context of “smart” and describe various approaches to develop a smart system.