This chapter aims to provide an overview of the plug-in electric vehicle (PEV) charging and discharging strategies in the electric power system and the smart cities, as well as an application benefiting both consumers and power utility. The electric vehicle technology will be introduced. Then, the main impacts, benefits and challenges related to this technology will be discussed. Following, the role of the vehicles in smart cities will be presented. Next, the major methods and strategies for charging and discharging of plug-in electric vehicles available in the literature will be described. Finally, a new strategy for the intelligent charging and discharging of electric vehicles will be presented, which aims to benefit the consumer and the power utility.

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