Vehicle to grid technology is an advanced technology that allows the charging of electric vehicle from power grid. This can help in achieving clean energy goals such as zero-carbon emissions in the near future. It allows energy flow in both directions, from supplier to user and user to supplier. Moreover, it also enables EVs to discharge and store electricity generated from renewable sources such as wind and solar. With this technology, it is easy to charge the electric vehicle when renewable source is available and also supply it back when wind and solar generation is low.

Market Dynamics:

A growing number of electric vehicle charging stations across the globe is expected to drive growth of the vehicle to grid technology market. Moreover, the growing trend of smart and renewable energy generation is again expected to fuel market growth. Furthermore, strict vehicle emissions norms coupled with government support in the form of tax benefits are further projected to augment market growth.

Conversely, lack of infrastructure and lack of standardization of EV charging are major factors expected to hamper the market growth. Nevertheless, advancement in the vehicle to grid charging technology and upgrading charging infrastructure are projected to present bright market opportunities in the coming years.

Key features of the study:

• This report provides in-depth analysis of the global vehicle to grid technology market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global vehicle to grid technology market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Nissan Motor Corporation, Mitsubishi Motors Corporation, Honda Motor Co., Ltd., BMW Group, Tesla, Inc., General Motors Company, Ford Motor Company, Toyota Motor Corporation, Daimler AG, and Volvo Group
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global vehicle to grid technology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vehicle to grid technology market

Detailed Segmentation:

• Global Vehicle To Grid Technology Market, By Application
  • Grid Load Balancing
  • Peak Shaving
  • Renewable Energy Integration
  • Others
• Global Vehicle To Grid Technology Market, By Power Source
  • Battery electric vehicles (BEVs)
  • Plug-in hybrid electric vehicles (PHEVs)
  • Others
• Global Vehicle To Grid Technology Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  
  • Nissan Motor Corporation
  • Mitsubishi Motors Corporation
  • Honda Motor Co., Ltd.
  • BMW Group
  • Tesla, Inc.
  • General Motors Company
  • Ford Motor Company
  • Toyota Motor Corporation
  • Daimler AG
  • Volvo Group