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

The Global Vehicle-to-Grid (V2G) Technology Market is expected to reach US$ 70.9 billion by 2031, growing with a CAGR of 49.4% during the forecast period 2024-2031.

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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