At the present context, Plug-in electric vehicles (PEVs) are gaining popularity in the automotive industry due to their low CO2 emissions, simple maintenance, and low operating costs. As the number of PEVs on the road increases, the charging demand of PEVs affects distribution network features, such as power loss, voltage profile, and harmonic distortion. Furthermore, one more problem arises due to the high peak power demand from the grid to charge the PEVs at the charging station (CS). In addition, the location of CS also affects the behavior of EV users and CS investors. Hence, this paper applies CS investor, PEV user, and distribution network operator who could approach to CS's optimal location and capacity. Integrating renewable energy sources (RESs) at the charging station is suggested to lower the energy stress on the grid. Moreover, to keep down the peak power demand from the grid and utilize renewable energy more efficiently, energy management strategies (EMS) have been applied through the control of charging and discharging of the battery storage system (BSS). In addition, vehicle to grid (V2G) strategy is also applied to discharge the EV battery at charging station. Furthermore, the uncertainties related to PEV charging demand and PV power generation are addressed by the Monte Carlo Simulation (MCS) method.

Recently, electric vehicles (EVs) gained tremendous attention from government agencies and the automotive industry due to lower CO₂ emissions, low maintenance, and operating costs. However, due to increasing EV penetration, the EV’s load affects the distribution network parameters like power loss, voltage profile, and harmonic distortion. Therefore, the proper placement of EV fast-charging stations (FCSs) is required for the reliability of the distribution network. Further, this paper proposes two-stage processes for the placement of FCSs. In the first stage, the charging station owner decision index (CSODI) has been introduced considering the land cost index (LCI) and electric vehicle flow index (EVFI). The CSODI has been formulated to minimize the land cost and maximize the EVs flow for FCSs placement. In the next stage, an optimization problem is formulated for minimizing the total active power loss by considering the distribution system operator (DSO) constraints. In addition, the minimization problem has been solved using the hybrid gray wolf optimization-particle swarm optimization (GWOPSO) algorithm. Therefore, the best possible locations were obtained by the GWOPSO with 198.93 kW power loss. Furthermore, the average 2.02% power loss for the GWOPSO technique is lower when compared to the PSO technique.