Press release
Vehicle-to-Grid (V2G) Technology Market to Soar to $70.9 Billion by 2031, Fueled by EV Adoption, Smart Charging, Policy Incentives, and Grid-Stabilizing Energy Integration
Vehicle-to-Grid (V2G) Technology Market
The Vehicle-to-Grid (V2G) Technology Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
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USA Market (2025)
• The Vehicle-to-Grid (V2G) market in the USA is projected to grow significantly, with an estimated value of USD 12.11 million by 2032 and strong expansion leading up to 2025.
• Government initiatives promoting battery-powered vehicles for carbon emission control significantly boost market growth.
• Increasing EV adoption, supported by subsidies and incentives, underpin the growing demand for V2G infrastructure and smart charging solutions.
Japan Market (2025)
• Japan already has over 6,000 EVs participating in V2G programs, with the number expected to double within a few years.
• The market benefits from advanced technology adoption, strong automaker involvement, and regulatory frameworks supporting renewable energy and grid stability.
• Japanese companies like Nissan are pioneering V2G-compatible EVs, which supports the domestic and export markets for V2G technology.
Vehicle-to-Grid (V2G) Technology Market Key Technological Advances in 2025
➤ Hardware improvements: V2G chargers now support up to 15 kW charging power, with DC chargers becoming the preferred technology to bypass unidirectional onboard chargers in EVs.
➤ Increasing number of V2G compatible EVs: Leading OEMs like Nissan (Leaf, e-NV200), Mitsubishi (Outlander PHEV, iMiev), Peugeot, Citroën, Ford (F-150 Lightning), Hyundai (IONIQ 5), and Volkswagen are releasing models with V2G capability. CCS-compatible V2G is expected to commercialize soon.
➤ Smart energy management integration: V2G technology coupled with smart charging and load management allows buildings and energy grids to manage electricity demand dynamically and efficiently.
Strategic Players Driving the Vehicle-to-Grid (V2G) Technology Market Forward :
• Nissan Motor Co., Ltd,
• NUVVE HOLDING CORP.,
• Honda Motor Co., Ltd.,
• ABB, DENSO CORPORATION,
• Hitachi Energy Ltd.,
• E.ON UK plc.,
• Wallbox Chargers,
• Fermata Energy,
• Evenergi Pty Ltd
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Segment Covered in the Vehicle-to-Grid (V2G) Technology Market:
➤ By Component: Smart Meters, Electric Vehicle Supply Equipment (EVSE), Software Solutions, Home Energy Management (HEM)
➤ By Charging: Unidirectional Charging, Bidirectional Charging
➤ By Vehicle:Battery Electric Vehicles (BEVs), Fuel Cell Vehicles (FCVs), Plug-in Hybrid Electric Vehicles (PHEVs)
➤ By Battery: Lithium-ion, Nickel-Metal Hydride, Lead-acid, Ultra-capacitors
➤ By Application: Domestic, Commercial
Regional Analysis for Vehicle-to-Grid (V2G) Technology Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Most Frequently Asked Questions in the Vehicle-to-Grid (V2G) Technology Market Research Industry:
✒ What are the primary drivers fueling growth in the Vehicle-to-Grid (V2G) Technology Market today?
✒ Which companies are currently leading innovation and market share in the Vehicle-to-Grid (V2G) Technology Market?
✒ In what ways is the current regulatory environment influencing the Vehicle-to-Grid (V2G) Technology Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Vehicle-to-Grid (V2G) Technology Market and why?
✒ What are the key barriers or challenges that could limit the growth of the Vehicle-to-Grid (V2G) Technology Market?
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