Automakers hope for a cut as two-way EV charging becomes real
Automakers hope for a cut as two-way EV charging becomes real 22 Apr 2024 02:07PM (Updated: 22 Apr 2024 02:31PM) LONDON : Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging lets EV owners charge at overnight off-peak rates then sell power back to grids at a profit during peak hours. For short periods, a million EVs could provide as much power as a large nuclear power plant, says ...
