Dutch car-sharing firm plugs into Renault EVs with V2G technology
The global V2G market was worth $3.4bn (R60,694,874,240) in 2024, according to Global Market Insights, and is expected to grow by 38% annually between 2025 and 2034 to reach $80bn (R1,428,568,000,000).
The Netherlands is an early adopter of V2G technology due to ambitious plans to electrify its transport and heating systems while also moving to renewables. Japan's Nissan has also recently supplied dozens of V2G-enabled Leaf and Ariya models to France and Spain.
MyWheels said 500 of Renault's V2G-compatible cars, including its electric R5, will be on the road by next year. When not driving, the cars will be plugged into We Drive Solar's bidirectional chargers and the scheme's operators will be paid for electricity absorbed and sold to the grid.
Grids have become increasingly unstable with growing electrification and as more intermittent renewable energy is fed into the system.
'Our research shows vehicle-to-grid technology could allow the growing electric vehicle fleet to become a significant asset to the grid, with vast storage potential locked up in electric vehicles,' said Madeleine Brolly, advanced transport analyst at Bloomberg New Energy Finance.
A key challenge ahead will be standardisation across manufacturers, which will be needed for it to be adopted at scale, she said.
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