Global Vehicle-to-Grid (V2G) Market to Reach $70.9B by 2031 at 49% CAGR | Major Companies are Honda Motor Co., Ltd., ABB, DENSO CORPORATION

DataM Intelligence has published a new research report on "Vehicle-to-Grid (V2G) Technology Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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.

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Vehicle-to-Grid (V2G) technology enables electric vehicles (EVs) to not only draw power from the grid for charging but also return electricity back to the grid. This bidirectional energy flow supports grid stability, particularly during peak demand periods. V2G systems utilize advanced charging infrastructure and smart grid integration to facilitate this exchange. By leveraging EVs as mobile energy storage units, V2G contributes to a more resilient and sustainable energy ecosystem.

Key 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

Key Development:

United States: Recent Industry 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 October 2024, Nissan announced plans to introduce affordable bi-directional charging on select EV models in 2026, beginning in the UK market and expanding to other European markets.

Japan: Recent Industry Developments
✅ In October 2024, Nissan announced plans to introduce affordable bi-directional charging on select EV models in 2026, starting in the UK market and expanding to other European markets.

✅ In October 2024, Nissan acquired a 25% stake in ChargeScape, a U.S.-based V2G platform, to enable its EV customers in the U.S. and Canada to sell stored energy back to the grid during peak demand periods.

✅ In October 2024, Nissan launched NISSAN ENERGY SHARE in Japan to further unlock the value of electric vehicles.

Growth Forecast Projected:

The Global Vehicle-to-Grid (V2G) Technology Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Vehicle-to-Grid (V2G) Technology Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

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 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)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Vehicle To Grid producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Vehicle To Grid revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Vehicle-to-Grid (V2G) Technology Market?

A: 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.

Q2: How fast is the Vehicle To Grid Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 49.4% from 2025 to 2032

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