A Stochastic Framework for Estimating Load Profiles at EV Fast Charging Stations

Abstract

This paper formulates a methodology for estimating the average daily load profiles of EV fast charging stations over a planning horizon of five to ten years. The developed methodology uses historic vehicle registration data, state-level EV adoption targets, seasonal driving patterns, local demographics, competition, and traffic volume information to predict average station usage. Through Monte Carlo simulations, an average daily load profile is obtained for each month in the planning horizon, and prediction uncertainty is quantified. The proposed framework will facilitate the accurate estimation of energy and demand costs incurred by the charging station over the planning period, thereby informing return-on-investment calculations.