Blockchain-Based Smart Contract Design for Crowdfunding of Electrical Vehicle Charging Station Setup

Electrical vehicle (EV) technology is envisioned as a state of art technology in time to come. One main reason for paramount research interest in this field is that EVs are considered best alternative to counter environmental pollution caused by conventional vehicles. Although many renowned companies like Tesla, Nissan have launched their EVs, still there is hesitation among common masses in buying it. It has been found that in countries specially like India, lack of charging stations is the main reason for people not transiting to EVs as a prime mode of transportation. In this direction, government of India has taken visionary steps by launching schemes like FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles). Through such scheme, government is funding and giving subsidies to set up charging stations. In order to give pace to collect enough funds, the new emerging concept of crowdfunding can be very useful. In presented research work, a blockchain-based smart contract has been designed on Ethereum platform for EV charging station setup crowdfunding. The designed smart contract has been coded in solidity language. It has been implemented and tested on REMIX IDE Ethereum platform.