Evaluating the Environmental and Economic Benefits of Electric and Hybrid Vehicles in Renewable Energy Grids

Abstract

This study investigates the economic and environmental effects of adding electric and hybrid vehicles (EHVs) to renewable energy systems. Findings show that EHVs with renewable energy sources significantly lower greenhouse gas emissions while also improving air quality. Their economic viability is increased by supportive policies and falling battery prices. Stable grid operations are dependent upon efficient grid integration, intelligent charging infrastructure, as well as battery storage solutions. The strategic application of EHV should be encouraged, and creative finance structures alongside extensive awareness efforts are also advised. Future studies ought to concentrate on long-term effect evaluation, improved grid technology, as well as sociological aspects affecting the adoption of EHV.