Vehicle-to-Grid Technology Market Attracts Growth with Increasing EV & Battery Storage Demand | Major Market Players - Nissan Motor Co., Ltd, NUVVE HOLDING CORP., Honda Motor Co., Ltd.

"Global Vehicle-to-Grid (V2G) Technology Market reached US$ 2.9 billion in 2023 and is expected to reach US$ 70.9 billion by 2031, growing with a CAGR of 49.4% during the forecast period 2024-2031" As per DataM intelligence research report

United States: Recent Developments

✅ In June 2025, the U.S. Department of Energy unveiled a strategic plan for widespread V2G integration, proposing incentives and grid reforms to support EVs serving as virtual power plants enhancing grid resilience and facilitating renewable energy use.

✅ In February 2025, Nuvve and ComEd launched a pilot using electric school buses as grid assets. Buses will be charged during low-demand periods and discharge stored energy during peaks, helping stabilize the northern Illinois grid

✅ In 2025, ChargePoint introduced new bidirectional Level 2 EV chargers that double standard charging speed and allow effortless power flow from vehicles to homes or the grid ideal for smart home integration and energy backup.

Japan: Recent Developments

✅ In 2025, Nissan announced it would expand its V2G availability by 2026, offering affordable bidirectional charging solutions to select EV owners in Japan. This marks a shift toward broader consumer access to V2G capabilities.

✅ In 2025, Japan's V2H (vehicle-to-home) systems remained commercially operational, leveraging familiar platforms like the Nissan Leaf to allow homes to draw power during outages reflecting early consumer adoption of bidirectional vehicle energy.

✅ In 2025, Nissan joined forces with automakers like Ford, BMW, and Honda as an equal investor in ChargeScape to accelerate home-based V2G solutions across North America and Canada indicating cross-border collaboration in bidirectional charging systems.

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Vehicle-to-Grid Technology Market: Drivers

The Vehicle-to-Grid (V2G) technology market is gaining momentum as electric vehicles (EVs) are increasingly seen as mobile energy assets. By enabling bidirectional energy flow between EVs and the grid, V2G helps balance electricity demand, enhance grid resilience, and integrate renewable energy sources. Rising EV adoption, coupled with government incentives for clean energy and smart grid development, is fueling market growth. Automakers and utilities are collaborating to deploy V2G pilot projects globally.

Advancements in charging infrastructure, battery management systems, and communication protocols are strengthening the scalability of V2G solutions. The technology provides cost-saving opportunities for consumers through energy trading and peak load management, while utilities benefit from improved grid stability. However, challenges such as standardization, battery degradation concerns, and regulatory hurdles remain. As energy transition accelerates, V2G is expected to play a key role in the future of sustainable and intelligent energy systems.

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Segment Covered in the Vehicle-to-Grid 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

Vehicle-to-Grid Technology Market: Major Players

Nissan Motor Co., Ltd, NUVVE HOLDING CORP., Honda Motor Co., Ltd., ABB, DENSO CORPORATION, Hitachi Energy Ltd., E.ON UK plc., Wallbox Chargers, S.L., Fermata Energy, Evenergi Pty Ltd

Regional Analysis:

⇥ 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)

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Most Frequently Asked Questions in the Vehicle-to-Grid Technology Market Research Industry:

➠ Who leads the Vehicle-to-Grid Technology industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Vehicle-to-Grid Technology market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Vehicle-to-Grid Technology market growth?
➠ What are the dominant sales and distribution strategies in the Vehicle-to-Grid Technologyindustry?

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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