Stochastic Model of Electric Vehicle Parking Lot Occupancy in Vehicle-to-grid (V2G)

The Vehicle-to-Grid (V2G) is a concept of connecting group of electrical vehicles (EV) to the grid for power transaction. The EVs can get connected to the grid through the charging slots available in the electrical vehicle parking lot (EVPL). The Markov chain based stochastic model is proposed for EVPL occupancy in V2G for Smart Grid application.