A Blockchain-based Decentralized Low-carbon Electric Vehicle Charging System

Abstract

The quest for carbon neutrality in the 21st century has led to the rise of decentralized low-carbon energy systems as a promising solution. Blockchain technology has played a pivotal role in catalyzing this transition, with various Web3 projects exploring decentralized operational models and carbon credit markets. However, there is a notable gap in harnessing blockchain’s potential to integrate electric vehicles (EVs) into low-carbon energy systems effectively. This article addresses this gap by proposing a decentralized low-carbon EV charging system that enables transactions between individual low-carbon energy producers and EV owners. Leveraging blockchain and smart contracts, the proposed system issues low-carbon tokens to certify and incentivize environmentally conscious charging behaviors, while enabling token circulation to further promote low-carbon participation. A blockchain-based double auction mechanism is designed to ensure fair and efficient energy allocation, achieving individual rationality, incentive compatibility, and social welfare maximization. By incentivizing user engagement and ensuring fair transactions, this model paves the way for sustainable EV integration within low-carbon energy systems.