Electric Vehicle-to-Grid Integration: From Concept to Reality
- While vehicle-to-grid (V2G) integration remains more concept than reality in the U.S., it will likely afford economic value to cost-conscious utilities and their ratepayers in the long term.
- Although relatively few in number today, electric vehicles (EVs) are becoming less expensive, more convenient to drive, more abundant, and therefore meaningful as potential utility resources.
- Though it is small now, the U.S. market share of EVs is projected to grow rapidly beginning in the mid- to late-2020s.
- Automobile manufacturers, various electric utilities, and research institutions are working to address multiple technical and non-technical hurdles to EVs’ widespread integration with the grid.
- Once these hurdles are overcome, electric utilities across the U.S. will be able to build V2G systems incrementally, commensurate with their consumer demand, budgets, and system characteristics.
Stay ahead of the game in your field. Subscribe today.
Get CoBank's industry-leading Knowledge Exchange research reports delivered straight to your inbox as soon as they're released.
Have a comment or question about these reports?
Contact CoBank's Knowledge Exchange team to ask questions, engage with analysts or receive additional information.