A Plug-in Hybrid Electric Vehicle (PHEV) consumes energy from two sources: the fossil fuel and a battery, while a Battery Electric Vehicle (BEV) is supplied only by a battery. Both types might interface electrically with the grid, which allows them to charge and (when technically possible) discharge their stored energy [
9]. In this paper, we use ‘EV’ to refer to both types (i.e., PHEV and BEV). Over 90% of homes, workplaces, and public places might provide chargers for EVs, which means they might be connected to the grid most of the time [
10,
11,
12,
13]. Furthermore, a statistical analysis reported in Bhattarai et al. [
14] shows that the majority of vehicles (around 60%) are driven by their owners from the home to the workplace between 6:00 and 9:00 a.m. At the same time, the majority also drive back home from 2:00 to 5:00 p.m. The final result of the statistical analysis shows that 94% of EVs are available for charging (similarly discharging as well when technically supported) throughout the day. The high level of availability of EVs is also confirmed by other papers. For example, [
15] mentions that the probability that an EV is parked anywhere during daylight time is over 90%, while the probability that it is parked at home most of the day is over 50%. Compared to vehicles with ICEs, EVs significantly reduce CO
2 emissions and other harmful gases [
16,
17,
18]. Furthermore, they reduce noise levels and allow for better urban air quality [
17]. Despite this, [
12,
17,
19] demonstrate that EVs charged from conventional power plants such as coal-based plants produce more CO
2 and harmful gases compared to normal ICE vehicles. Hence, for EVs penetration to benefit the environment and reduce harmful gas emissions, it should be accompanied by the integration of RES, hydropower plants, and nuclear plants. An EV can have a unidirectional charger in which it absorbs energy from the PG without injecting energy [
20] or a bidirectional charger through which it may absorb or inject energy from/to the PG [
21]. Research demonstrates that the coordinated smart charging/discharging of EVs is much more efficient than uncoordinated charging [
17,
22], especially when advanced converters are used. The used optimization techniques reduce the power losses on the PG and reduce the operation cost of the whole system. In addition, aggregators such as Parking Lots (PLs), Charging Stations (CSs), and Power System Operators (PSOs), as well as individual EVs are benefiting from this coordination [
20,
21,
23,
24,
25,
26,
27,
28,
29,
30]. Coordinated charging/discharging minimizes the detrimental impact of EV on the PG [
21,
31,
32], even with high penetration level [
33]. By contrast, the uncoordinated charging may negatively affect the PG even with a small penetration level [
34].