The market for Vehicle-to-Grid (V2G) technology is being driven by a number of factors, such as the rising popularity of electric cars (EVs), renewable energy sources, and energy storage technologies. By allowing EVs to send extra energy back into the grid using V2G technology, a more effective and sustainable energy system is created. This can improve grid stability and lower the transportation sector's overall carbon impact.
The global Vehicle To Grid Technology Market is estimated to be valued at US$ 119.1 million in 2023 and is expected to exhibit a CAGR of 43.9% between 2023 and 2030.
Top Companies in the Vehicle To Grid Technology Industry:
1. Nissan Motor Corporation
Nissan Motor Corporation was founded in 1933 and it’s headquarter in Yokohama, Japan. The Company operates in 16 countries. In 2021 Nissan, E.ON Drive and Imperial College highlight the carbon saving and economic benefits of Vehicle-to-Grid technology
2. Mitsubishi Motors Corporation
Mitsubishi Motors Corporation was launch in 1970. And its headquarter Minato, Tokyo, Japan. It operate over 70 country. 2017 — Mitsubishi Motors Corporation (MMC) has launched a Vehicle-to-Grid (V2G) pilot, with the first charge point already being utilized.
3. Honda Motor Co., Ltd.
Honda Motor Co., Ltd., was launch in 1948 and it’s headquarter located in Minato City, Tokyo, Japan.it operate over 33 country. In 2022 "Honda and V2X Suisse Consortium to Advance Vehicle-to-Grid Charging Technology in Switzerland
4. BMW Group.
BMW Group .was launch in 1916 and it’s headquarter located in Munich, Germany. It operate over 140 country. 2022 BMW Group collaborates with Amazon Web Services (AWS): New cloud technologies for fast and reliable availability of digital innovations
5. Tesla, Inc
Tesla, Inc. Founded in 2003, its headquarters located in Austin, Texas, United States. The company operate in 9 countries. It also launched a pilot project in Shanghai for testing the ability of the electric vehicle to incorporate sustainable power source with the electric grid
6. General Motors Company
General Motors Company was launch 1908 and its headquarter Detroit, Michigan, United States . It operate over 33 country. General Motors partnering with California investor-owned utility to explore potential of vehicle-to-grid and vehicle-to-home integration
7. Ford Motor Company.
Ford Motor Company. Founded in 1903. Its headhunters Dearborn, Michigan, United States .With businesses in over 125 countries. 2022 Duke Energy and Ford Motor Company are leading the charge to expand vehicle-to-grid (V2G) charging using the new F-150 Lightning electric
