Electric Vehicle Charging: A Business Intelligence Model
Abstract
1. Introduction
1.1. Motivation
1.2. Contributions
- We present an innovative system layout, where EVs, owned by distinctive individuals, compete with one another to buy energy from different CSs that are deployed by different stakeholders.
- We summarize the data that are employed in an energy trading market. It is important to identify the sources of spatial and time data that are processed in the BI model.
- We propose a Business Intelligence model. More specifically, we analyze the different layers that the BI is composed of, including the data layer, the BI layer, and the decision layer.
- We present optimal solutions for addressing a number of energy charging problems, including the charging schedule recommendation, the cooperation among different CS stakeholders, and optimal infrastructure planning. Various strategies are investigated, including double auction strategies and iterative approaches.
2. Related Work
- Relevance to the integration of BI and AI for EV charging, particularly methods that leverage data analytics, predictive modeling, and optimization.
- Recency, with preference for works published within the last 5–7 years, to reflect current technological and policy contexts.
- Methodological significance, including works that introduced or refined concepts directly applicable to our approach, such as dynamic pricing, congestion mitigation, and multi-agent coordination.
- Impact and credibility, prioritizing studies published in high-impact journals, reputable conference proceedings, or influential technical reports.
3. System Model
3.1. System Model and Operation
- EVs: We assume that there are N vehicles in the geographical area, denoted by , where . The EVs move around the area and are in search of CSs in order to charge their batteries. The vehicles are equipped with telematic systems and sensors to make their locations visible and provide useful data in the system.
- CSs: We assume that there is a set of M CSs, denoted by , where . Each CS acts as an aggregator in order to provide the ability for EV owners to communicate with the power grid. Additionally, fundamental data are provided to the system through the CSs, including locations, energy levels, and availability, in order to be exploited in the BI model.
3.2. Spatial Data
3.2.1. Location Data of Electric Vehicles
3.2.2. Selection of Charging Station Location
3.2.3. Charging Station Density
3.3. Time Data
4. Business Intelligence Model
4.1. System Overview
4.2. Data Layer
- Data from EVs: The electric vehicles are often equipped with multiple sensors. The data that are gathered include the type of vehicle, the location of the EVs, the direction of the route, the levels of battery health, the energy consumption, the urgency or not of energy charging, and the vehicle and driver performance. Additionally, historical data are gathered, e.g., typical charging times, preferred charging locations, preferred routes, or planned trips. As technology advances and AI is used, information about predicted routes based on EV behavior can be provided to help the BI model. The raw data need to be filtered, categorized in order to be easily accessed, and employed.
- Data from CSs: Data are available from the CSs as well. Important information include the type of CSs, the location of the CSs, the parking locations, their availability for charging, the real-time waiting queues, the potential use of renewable energy sources, charging speed, and the cost of energy charging (e.g., flat rates, dynamic pricing). Information about ownership can also be used since the management of CSs through third parties affects both pricing and accessibility. These data are crucial for decisions about charging schedules and infrastructure planning, if they are classified and integrated correctly.
- Data from Geographic Information Systems (GISs) and other applications: GISs are hardware and software systems that collect, manage, analyze, and visualize geographical data. Both spatial and temporal data are available. The amount and the variety of data from GISs are enormous; nonetheless, we are interested in data that concern the location of roads and railroads, traffic zones, buildings locations, and even temperature. The analysis of the data provides valuable information about the mobility patterns of EVs and infrastructure planning of the CSs.
- Other data: Other sources of data include surveys and questionnaires that are addressed to EV owners and CS stakeholders. Additionally, the use of applications by the involved users and parties could provide real-time information and statistics. Other information are gathered concerning the weather conditions, since they affect energy demand, traffic peak, off-peak conditions, and renewable energy generation. Regulation and law constraints are also important. Based on the data, we are able to understand the performance of our system and adjust its operation to the needs and demands of EV users and CS owners.
- ETL (Extract, Transform, Load) procedures to ingest data from APIs, files, and streams.
- Schema harmonization, where raw inputs are mapped to a unified data model, resolving naming conflicts, missing values, and unit differences (e.g., converting GPS coordinates, normalizing battery level formats).
- Time-series synchronization, aligning event logs from different sources using timestamps to ensure coherence.
- Geospatial alignment, using GIS metadata to assign spatial attributes and enable spatial joins between EV traces and CS locations.
- Data validation and imputation, including handling outliers, filling missing values using interpolation or statistical models, and removing duplicated records.
4.3. BI Model Layer
- Demand balancing: One crucial challenge in electric vehicle charging is the problem of balancing the charging load across the multiple charging stations that are scattered across the geographical area. Charging load balancing is connected to the peak demand management with the ultimate goal of minimizing the congestion at certain CSs and to divert charging demand away from the peak hour of the day. Another objective is to exploit renewable energy resources. The most common approaches in the literature are used to route EVs individually in order to balance the demand. However, these solutions are not mature, and the demand balancing has limited prospects. Another set of state-of-the-art works explores the load balancing demand from the perspective of EV routing and choosing the most suitable parking lot for charging the vehicle [40,41,42,43]. Other works focus on the prediction of EV demand patterns and the analysis of energy demand fluctuations [44,45,46,47]. The proposition of a BI system enables the exploitation of the wide range of information that is available and from different resources in order to provide improved solutions. To begin with, BI employs the techniques of data analysis and mining in order to organize raw data, classifies them, and finds useful information. Using this data, charging patterns are identified and peak time demands and spatial congestion points are recognized. The time and spatial behavior of EVs is then evaluated and effectively analyzed. The main objective of demand prediction is to be able to identify the high-demand time windows and anticipate the CSs use in order to avoid overcrowding. Moreover, understanding charging preferences and habits motivates the recommendation for charging schedules based on EV behavior. The BI model is able to predict the charging demand in a specific urban region based on EV density and nearby charging stations. ARIMA and Long Short-Term Memory can be used for energy charging forecasting.
- Energy scheduling and control management: It is common that the owners of electric vehicles choose the time that they charge their vehicles based on their work and duties or based on the battery levels of their car. Therefore, there is no coordination between EV owners and the CSs to manage convenient charging. However, uncoordinated charging has negative impacts on the energy grid that feeds the CS infrastructure (e.g., energy deficiencies and fluctuations) and on the satisfaction of the vehicle owners (e.g., long waiting times). A number of works in the literature deal with the charge scheduling problem. In the majority of the works, the problem is considered an optimization problem, where a central controller manages the system and decides the optimal schedule for the CS stakeholder [48,49,50,51,52,53,54,55,56]. Fewer works investigate the problem as a decentralized technique [57,58,59,60,61]. Concerning the objective goals, the time and load fluctuations are considered. Additionally, there is a need for balancing energy charging so as to eliminate the peaks. Finally, the benefits of the CS stakeholder are in focus. More specifically, the maximization of the utilization of CSs, the reduction in queuing times, and the efficient distribution of EVs are the main objectives of the CS owners. From our point of view, there is a great need to take into account the demands and needs for all the involved parties (e.g., CS owners, EV owners, energy providers). Additionally, the demand patterns and the mobility of the vehicles could be exploited. Thus, a BI model considers the offered data at their best. Next, a holistic technique identifies the objectives that may be contradicting and tries to reach the optimal solution for everyone involved. Clustering models, linear regression, and optimization tools can be used.
- Cost optimization: Following the aforementioned challenge, it is important to investigate the charging cost for both the EV and CS owners. Several works have addressed the specific challenge and proposed solutions whose focus was charging cost [62,63,64,65,66,67]. It is important to use the BI tools to proposed strategies for dynamic pricing that will motivate the owners of EVs to cooperate and charge their vehicles at specific time periods so as not to create congestion and delays. Additionally, the research of optimal solutions is enabled through the use of a Business Intelligence model. Machine learning and data mining can be explored. In our framework, cost optimization refers to the minimization of the total service cost for both EV owners and CS stakeholders, which includes the following:
- −
- Energy cost based on charging pricing models (e.g., dynamic or time-of-use pricing);
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- Travel cost, proportional to distance between EVs and CSs;
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- Delay cost, measured by waiting time due to congestion.
The multi-objective optimization problem is inherently nonlinear and NP-hard, especially under real-time constraints and heterogeneous preferences. To solve this practically, we integrate BI and AI as follows:- −
- BI layer identifies behavioral patterns, demand forecasts, and historical congestion data to inform the optimization.
- −
- Decision layer applies heuristic optimization (e.g., greedy algorithms, local search, rule-based systems) that can produce near-optimal results quickly.
- −
- For more complex scenarios (e.g., large urban areas), metaheuristic techniques such as genetic algorithms or multi-agent reinforcement learning can be employed to balance objectives under constraints.
These approaches are computationally efficient, make use of real-time BI insights, and are capable of adapting dynamically to shifting demand and pricing conditions.
4.4. Decision Layer
- Charging schedule recommendation: Deciding the charging schedule is very important for the improvement of our system performance. More specifically, it is important for the EVs to decide dynamically when and where to charge and not decide randomly simply based on their proximity to a CS and the battery level. Additionally, CSs can play a crucial role when they cooperate with each other and with EVs. This is where a BI model is employed. A dynamic schedule using optimization tools can minimize the cost and waiting times of the involved counterparts while at the same time load balance is achieved across the CS by taking into account the proximity of EVs and CSs, charging speed, and energy cost. An application can notify EV owners of the optimal time and location of charging. The objectives of the optimization problem are, among others, the following: (a) the minimization of waiting time and the travel distance of EVs, (b) the maximization of CS utilization, and (c) the minimization of overloading the energy grid during peak hours. Linear programming, multi-agent simulations, and game theory are employed. In our previous work, we proposed an innovative market formulation in which autonomous EVs and CSs are motivated to cooperate dynamically with changing roles. We adopted a multi-objective strategy that is repeated in steps [34]. Another formulation of the optimization problem considers the minimization of the cost of both EVs and CSs, as follows:Each EV should be assigned to one CS,Each CS has a limited number of available charging slots, , for EVs to charge,The total energy charged to EVs at the CSs ( is the charged energy for at ) should not exceed the maximum grid energy level (namely P),The optimization problem mentioned above is a mixed integer linear programming approach and can be easily solved for medium-sized instances like 100 EVs and CSs. However, solving the charging schedule recommendation problem becomes computationally difficult in large-scale and real-time scenarios. Thus, we adopt an efficient greedy weighted matching approach that approximates the optimal assignment with significantly lower computational complexity. For the greedy approach, described in Algorithm 1, we compute the cost for each EV–CS pair, based in the weighted sum of travel distance, expected wait time, and energy cost. Next, each EV is assigned to a CS (the one with the lowest score), among those with available capacity. The algorithm is iterative for all EVs. The complexity of the algorithm is , making it suitable for real-time applications.
Algorithm 1 Greedy charging schedule recommendation algorithm 1: Set of EVs: ▹ Input parameters 2: Set of CSs: 3: Distance from to : 4: Estimated waiting time at : 5: Cost per kWh at : 6: Available charging slots at : 7: Weight parameters , , 8: For each and , compute a score: ▹ Cost matrix computation 9: 10: For each ▹ Greedy assignment 11: Sort CSs by ascending 12: Assign to the first with available slot 13: Update 14: A mapping of EVs to CSs ▹ Output 15: Total system score - Cooperation among different CS owners: The second direction of the BI model concerns the motivation for the cooperation of the CS owners in order to optimally utilize the resources and increase the satisfaction of the electric vehicle owners. It is evident that the stakeholders that are in charge of deploying the CSs have contraindicative interests. However, a cooperative scheme ensures a fair profit distribution among all the participants of the charging market. After collecting the required data from the EVs (e.g., battery level, charging needs, location, direction of traveling), the CSs (e.g., location, availability, pricing, energy source), the traffic patterns (e.g., peak hours, travel paths), and other sources (e.g., surveys, applications), the data are compiled and processed in order to provide centralized and decentralized solutions, dynamic pricing approaches, load balancing models, and profit sharing mechanisms. More specifically, all the CS owners, or at least their majority, are motivated to share some of their data in a common platform or application. Through data processing and the use of AI algorithms, dynamic charging schedules are recommended. These schedules prevent overloading or under-utilization. By using machine learning strategies, we predict peak charging times, and we adjust pricing and availability accordingly by taking into account waiting times, costs, and locations. The BI model decides the charging schedule and then divides the profits fairly among the CS owners based on metrics and key indicators such as utilization and energy contribution. This scheme incentivizes the owners of the charging infrastructure to collaborate without losing their competitiveness. In a previous work, we proposed a double auction mechanism for a wireless network where network operators cooperate to share their traffic [68]. Similar solutions could be employed for the charging market.To facilitate the cooperation among independent CSs, we propose a BI-driven double auction mechanism that enables real-time, market-based coordination of charging demand. In this framework, CSs experiencing excess demand (i.e., overloaded stations) act as buyers (denoted by ), submitting bids, , to offload a portion of their incoming EV traffic. Let be the demand of buyer i, representing the number of EVs they wish to offload. Simultaneously, underutilized CSs act as sellers (denoted by ), offering to accept redirected EVs in exchange for compensation, defined by their ask prices, . We assume as the available capacity of seller j, which is the number of EVs they can accept. The BI system functions as a central auctioneer, matching bids and asks based on pricing compatibility and capacity availability. When a match is found, the participating CSs agree on a clearing price, typically the midpoint between the bid and ask, which ensures mutual benefit. This approach encourages load balancing, enhances overall infrastructure utilization, and creates economic incentives for collaboration, even in competitive environments.The use of a midpoint between bid and ask prices as the clearing price provides a tractable and incentive-compatible pricing strategy in two-sided markets. It balances the interests of both buyers and sellers by ensuring that trades occur within their acceptable value ranges. From a game-theoretic perspective, this approach satisfies individual rationality (i.e., no party trades at a loss), is budget-balanced, and encourages truthful bidding under mild assumptions of risk neutrality and quasi-linear utility functions. Although more advanced mechanisms like VCG auctions can ensure a dominant strategy, incentive compatibility, the midpoint rule remains widely used in practical multi-agent systems for its simplicity and approximation of Nash equilibrium behavior, especially in repeated or dynamic auction environments [69].The model is scalable, incentive-compatible, and adaptable to both energy and service-based cooperation scenarios. The allocation problem is to determine the optimal solution that maximizes the distinctive objectives of the involved parties in the auction, subject to constraints. The decision variable decides whether a buyer i is matched with a seller j () or not (). We assume is the number of EVs transferred from buyer i to seller j. The maximization problem, reflecting the gain from each matched trade, where is the net benefit and is the trade volume, is formulated as follows:s.t.Constraint (6a) ensures that each buyer CS i (who wants to offload EVs) cannot offload more EVs than it has in overflow, meaning that the total number of EVs redirected to all sellers from CS i must not exceed demand . Constraint (6b) ensures that each seller CS j (who is willing to accept redirected EVs) does not accept more than its remaining charging capacity. The total number of EVs received from all buyers must be less than or equal to the station’s available slots . With constraint (6c), a trade is disallowed between buyer i and seller j if the buyer’s bid is less than the seller’s ask. The constraint (6d) links the binary match variable with the number of EVs transferred . If (no trade between i and j), then . If , then can be any value up to a large constant M. The constant M is a large positive integer used in the big-M formulation to enforce the coupling between the binary assignment variable and the continuous trade volume . Practically, M should be set as an upper bound on the maximum number of EVs that could be traded between any buyer–seller pair. A safe choice is }, where is the overflow demand of buyer i, and is the available capacity of seller j. This ensures that can only be positive when , and zero otherwise. Choosing M too low may inadvertently restrict feasible trades, whereas excessively high values can weaken solver performance due to numerical instability. Therefore, M should be chosen conservatively based on known or bounded system parameters, such as the maximum expected EV demand or charging slot capacity in real-world deployment scenarios. Constraint (6e) is the binary decision variable, and constraint (6f) represents a non-negative integer representing the number of EVs traded. A greedy heuristic is a practical solution, which is fast, simple, and effective, to solve the maximization problem in Equation (5). The double auction approach is shown in Algorithm 2.
Algorithm 2 Greedy double auction algorithm 1: Buyers: Each has a bid price and overflow , ▹ Input parameters 2: Sellers: Each has an ask price and available capacity , 3: Initialize , ▹ Initialization 4: for Each buyer i in sorted list do 5: Set 6: for For each seller j in sorted list do 7: if and then 8: Allocate: ▹ Allocation phase 9: Update: ▹ Update phase 10: 11: 12: 13: if then 14: break 15. Return and optionally compute the gain: ▹ Output 16:
5. Case Study Scenarios and Results
5.1. Charging Schedule Recommendation
5.2. Cooperation Among Different CS Owners
6. Discussion
7. Conclusions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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CS | Capacity | Location Coordinates | Wait Time (min) | Cost (EUR/kWh) |
---|---|---|---|---|
10 | 5 | |||
8 | 12 | |||
12 | 10 | |||
5 | 15 | |||
15 | 8 | |||
7 | 20 |
Method | Average Cost (EUR) | Runtime (ms) | Scalability | Optimality |
---|---|---|---|---|
MILP Solver | Poor— | Exact | ||
Greedy Heuristic (BI) | 180 | Excellent | Near optimal (3–5% gap) |
CS | Assigned EVs | Capacity | Utilization (%) | Average Cost (EUR) |
---|---|---|---|---|
10 | 10 | |||
4 | 8 | |||
10 | 12 | |||
5 | 5 | |||
14 | 15 | |||
7 | 7 |
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Bousia, A. Electric Vehicle Charging: A Business Intelligence Model. World Electr. Veh. J. 2025, 16, 531. https://doi.org/10.3390/wevj16090531
Bousia A. Electric Vehicle Charging: A Business Intelligence Model. World Electric Vehicle Journal. 2025; 16(9):531. https://doi.org/10.3390/wevj16090531
Chicago/Turabian StyleBousia, Alexandra. 2025. "Electric Vehicle Charging: A Business Intelligence Model" World Electric Vehicle Journal 16, no. 9: 531. https://doi.org/10.3390/wevj16090531
APA StyleBousia, A. (2025). Electric Vehicle Charging: A Business Intelligence Model. World Electric Vehicle Journal, 16(9), 531. https://doi.org/10.3390/wevj16090531