Vehicle-To-Grid Technology Market: Global Industry Analysis and Forecast

Vehicle-to-grid (V2G) technology enables electric vehicles (EVs) to interact with the power grid, allowing them to both draw electricity from the grid to charge their batteries and to discharge electricity back to the grid, providing grid services such as demand response, peak shaving, and energy storage. The Vehicle-To-Grid Technology Market is expected rapid growth driven by the concept of Grid to Vehicle (G2V), which facilitates smart charging schedules to control EV battery charging rates based on grid demand.