On the business value of ICT-controlled plug-in electric vehicle charging in California

► The paper presents a novel model for car usage based on NHTS. ► Several charging scheduling algorithms with low computational requirements are developed and evaluated. ► Several key parameters influencing the relative and absolute savings potential of ICT-controlled PEV charging are identified. ► PEVs can be used to reduce electricity sourcing cost by up to 45%. ► The absolute yearly savings per controlled PEV are rather small and could limit the economic incentives of electricity retailers to deploy the required infrastructure.