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arXiv · 2203.09327

A Pricing Mechanism for Balancing the Charging of Ride-Hailing Electric Vehicle Fleets

Marko Maljkovic·Gustav Nilsson·Nikolas Geroliminis
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Abstract

Both ride-hailing services and electric vehicles are becoming increasingly popular and it is likely that charging management of the ride-hailing vehicles will be a significant part of the ride-hailing company's operation in the near future. Motivated by this, we propose a game theoretic model for charging management, where we assume that it is the fleet-operator that wants to minimize its operational cost, which among others include the price of charging. To avoid overcrowded charging stations, a central authority will design pricing policies to incentivize the vehicles to spread out among the charging stations, in a setting where several ride-hailing companies compete about the resources. We show that it is possible to construct pricing policies that make the Nash-equilibrium between the companies follow the central authority's target value when the desired load is feasible. Moreover, we provide a decentralized algorithm for computation of the equilibrium and conclude the paper with a numerical example illustrating the results.

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Marko Maljkovic, Gustav Nilsson, Nikolas Geroliminis. 2022-03-17. A Pricing Mechanism for Balancing the Charging of Ride-Hailing Electric Vehicle Fleets. https://arxiv.org/abs/2203.09327

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