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Page 10 of 15                    Geng et al. Carbon Footprints 2025, 4, 8  https://dx.doi.org/10.20517/cf.2025.02

               Figure 3D compares the LCE values of EVs equipped with different battery chemistries. The LCE ranges for
               providing FR and PSVF services are 0.097-0.123 and 0.088-0.119 kgCO /kWh, respectively. In both cases,
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               LFP batteries demonstrate the most favorable LCE performance, while NCM-L batteries exhibit the highest
               values. This difference can be attributed to the lower GHG emissions associated with the materials and
               manufacturing of LFP batteries. Additionally, EVs equipped with NCM-L batteries tend to have smaller
               battery capacities, further leading to higher LCE values.

               Figure 3E further compares the LCE values of PHEVs and BEVs. The results indicate that BEVs exhibit
               superior LCE performance. For both services, the weighted average LCE values of PHEVs are 0.102 and
               0.095 kgCO /kWh, respectively. For BEVs, the corresponding values are 0.100 and 0.089 kgCO /kWh.
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               Overall, BEVs, benefiting from their larger battery capacities, are better suited for V2G technology.

               Figure 3F presents the LCE breakdown of FR and PSVF services. The results indicate that energy-related
               GHG emissions contribute 59.0% and 66.8% of the total, highlighting that electricity losses due to battery
               round-trip efficiency and fuel consumption alterations of PHEVs due to V2G participation are the primary
               sources of additional GHG emissions. Emissions related to battery materials and manufacturing also
               contribute significantly, accounting for 37.5% and 25.3%, respectively. In contrast, GHG emissions from
               charger materials and manufacturing are relatively small, standing at 3.8% and 5.2%, respectively.


               Multi-scenario analysis
               The results above are based on the current technical landscape and GHG emission intensity in China,
               representing the “Baseline” scenario. With the acceleration of transportation electrification, the market
               share of BEVs is expected to rise significantly in the future. Simultaneously, clean energy generation is
               anticipated to grow rapidly, with a higher proportion of renewable energy sources like wind and solar
               power. To explore the potential future development, this study extended the Baseline scenario by analyzing
               LCE values under several alternative scenarios, as shown in Figure 4. The BEV-dominant scenario
               envisioned a future where BEVs become the dominant powertrain with 100% market penetration. The High
               RE scenario modeled a future with a substantial increase in clean energy generation, resulting in a higher
               share of renewables and a corresponding reduction in electricity GHG emission intensity. Projections for
               provincial electricity GHG emission intensity in China by 2030 are used for this scenario. Additionally, EVs
               equipped with LFP batteries demonstrated superior environmental performance in V2G applications. Given
               the growing market for LFP-equipped EVs in China, the LFP-dominant scenario was also explored, where
               100% of the EV fleet is powered by LFP batteries. Finally, the Aggressive scenario combined the effects of all
               scenarios for a more holistic analysis.

               In the BEV-dominant scenario, LCE values exhibit only slight variations. Specifically, the LCE for FR
               services increases marginally from 0.101 to 0.102 kgCO /kWh, while for PSVF services, it decreases from
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               0.091 to 0.089 kgCO /kWh. The contrasting trends can be attributed to the larger battery capacity of BEVs.
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               For FR services, the increased battery size leads to higher emissions associated with battery materials and
               manufacturing. However, for PSVF services, the larger battery capacity facilitates a more effective
               amortization of GHG emissions across a greater volume of V2G services. In the LFP-dominant scenario,
               LCE values decrease for both services due to the lower GHG emissions and longer cycle life of LFP batteries.
               Specifically, the LCE values fall to 0.096 kgCO /kWh for FR services and 0.086 kgCO /kWh for PSVF
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               services. The High RE scenario shows a more significant reduction in LCE, as electricity-related GHG
               emissions serve as the dominant factor. In this scenario, LCE values drop further to 0.086 kgCO /kWh for
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               FR services and 0.075 kgCO /kWh for PSVF services. In the Aggressive scenario, where the combined
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               effects  of  all  three  developments  are  considered,  LCE  values  decrease  even  further,  reaching
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