Vehicle-to-Grid Technology Market Analysis: EVs as Grid Assets, Renewable Integration, and Utility-Scale Growth | Top Companies are ABB, DENSO CORPORATION, Hitachi Energy 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.

According to DataM Intelligence has published a new research report on "Vehicle-to-Grid 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.

Vehicle-to-Grid (V2G) technology enables bidirectional energy flow between electric vehicles (EVs) and the power grid, allowing EV batteries to store electricity and feed it back to the grid when needed. V2G supports grid stability, peak-load management, renewable energy integration, and provides EV owners with potential revenue through energy services, making EVs active assets in the energy ecosystem.

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➣ Recent Developments:

United States: Recent Industry Developments

✅ In July 2025, Ford Motor Company expanded V2G pilot programs using the F-150 Lightning to support grid resilience and emergency power supply in California and Texas.

✅ In June 2025, Nuvve Holding Corp. deployed large-scale V2G fleets for school buses, enabling peak shaving and frequency regulation services for local utilities.

✅ In May 2025, GM Energy partnered with U.S. utilities to integrate bidirectional charging infrastructure for residential and commercial EV customers.

Europe: Recent Industry Developments

✅ In July 2025, the UK government expanded national V2G trials, supporting bidirectional charging for residential EV users to balance renewable energy supply.

✅ In June 2025, Renault Group rolled out V2G-enabled EV models across selected European markets, enabling customers to participate in grid balancing services.

✅ In May 2025, Denmark-based Enel X launched commercial V2G platforms allowing fleet operators to monetize stored EV energy through ancillary grid services.

Asia-Pacific: Recent Industry Developments

✅ In July 2025, Japan's Nissan and TEPCO advanced V2G deployments using the Nissan Leaf to support grid stability and disaster-resilience power systems.

✅ In June 2025, South Korea initiated smart-grid programs integrating V2G-ready EV chargers to manage peak electricity demand in urban areas.

✅ In May 2025, China expanded V2G pilot zones in major cities, supporting large-scale renewable integration and EV fleet participation in energy markets.

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➣ Top Industry 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

➣ Market Segments:

By Component:
The market is segmented into smart meters, electric vehicle supply equipment (EVSE), software solutions, and home energy management (HEM) systems. Smart meters enable real-time energy monitoring and efficient load management, while EVSE forms the core charging infrastructure for electric vehicles. Software solutions support charging optimization, billing, and energy analytics, and HEM systems integrate EV charging with household energy use to improve efficiency and reduce costs.

By Charging:
Based on charging type, the market includes unidirectional charging and bidirectional charging. Unidirectional charging allows power to flow only from the grid to the vehicle and is widely adopted for standard EV charging. Bidirectional charging supports vehicle-to-grid (V2G) and vehicle-to-home (V2H) applications, enabling EVs to act as energy storage assets and enhance grid stability.

By Vehicle:
The vehicle segment comprises battery electric vehicles (BEVs), fuel cell vehicles (FCVs), and plug-in hybrid electric vehicles (PHEVs). BEVs dominate due to their full reliance on electric power and expanding charging infrastructure. FCVs, though niche, benefit from zero-emission operation using hydrogen, while PHEVs offer flexibility by combining electric propulsion with internal combustion engines.

By Battery:
Battery segmentation includes lithium-ion, nickel-metal hydride, lead-acid, and ultra-capacitors. Lithium-ion batteries lead the market owing to their high energy density, long lifecycle, and efficiency. Nickel-metal hydride and lead-acid batteries are used in specific applications due to cost and durability considerations, while ultra-capacitors are gaining attention for fast charging and high power delivery needs.

By Application:
By application, the market is divided into domestic and commercial segments. Domestic applications focus on residential EV charging and energy management solutions integrated with home systems. Commercial applications include workplaces, retail locations, fleet depots, and public charging stations, driven by rising EV adoption and the need for scalable, high-capacity charging infrastructure.

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Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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