Key developments in bi-directional charging

Seven automakers will have vehicles with bi-directional capabilities on the road by the end of 2022, up from one in 2020. Volkswagen is including the function in cars with batteries bigger than 77kWh, perhaps to lessen the consequences of deterioration. Due to the barriers that now stand in the way of commercially viable vehicle-to-grid, automakers are concentrating their marketing efforts on vehicle-to-home.
Vehicle-to-grid (V2G) pilots are being conducted all around the world to investigate the benefits of V2G and prospective commercial models. A 2023 V2G service test is planned by Duke Energy Carolinas with 100 owners of Ford F-150 Lightning vehicles. Participants who agree to let Duke use the energy from their EVs will have to pay cheaper lease payments.

Submetering, which measures an EV’s energy usage separately from the owner’s primary utility metre, is permitted by the California Public Utilities Commission. This eliminates the need for pricey extra metres to benefit from EV time-of-use rates that are distinct from the total house account. Bi-directional charging consumers would therefore miss out on the chance to take advantage of effective EV-specific rates without submetering.

Source: BloombergNEF

Get ‘FREE OF CHARGE’ access to 400+ other valuable EV Market Reports in our database. Enjoy reading!

Key developments in bi-directional charging
Key developments in bi-directional charging | BloombergNEF
Related news

Nationwide Initiative Paves the Way for Highway Truck Charging

In a move set to redefine the landscape of long-haul trucking in Germany, a collaborative project…

read more
EV Charging
Europe
Published by: Editorial board | April 11, 2024

Understanding India’s new EV policy: prospects for Tesla and others

Amid a global slowdown in electric vehicle (EV) demand, major markets are witnessing a shift in…

read more
Electric Vehicles
Asia
Published by: Editorial board | April 10, 2024

Innovative recycling technologies for a sustainable battery industry

In a pivotal move towards sustainability, the battery industry is advancing its recycling processes, with a…

read more
Batteries
Global
Published by: Editorial board | April 9, 2024

India aims to propel the EV market in 2024, according to Canalys

In a transformative period ahead for India's automotive sector, particularly in electric vehicle (EV) adoption, the…

read more
Electric Vehicles
Asia
Published by: Editorial board | April 4, 2024