Optimal Charging Schemes for Electric Vehicles in Smart Grid: A Contract Theoretic Approach

Due to their environment friendliness, electric vehicles (EVs) are anticipated to form a considerable fraction of vehicles for transportation in smart cities. It is essential to design an electricity charging scheme that takes the utilities of both the charging stations and the EVs into consideration. However, the self-interested nature of the EVs together with the information asymmetry between the energy demand and supply sides makes the design...