V2G Compound Annual Growth Rate Predicted To Be 47.68% From 2015-2019


Nissan and Endesa sign pledge to promote V2G in Europe

Nissan and Endesa sign pledge to promote V2G in Europe

Global Grid-to-Vehicle Market (V2G) to See 47% CAGR to 2019

That’s the title of the latest ReportsnReport predictive article on the future of V2G.  The report states:

“ReportsnReports.com adds Global Grid-to-Vehicle (V2G) Market 2015-2019 research report that says ability of vehicle-to-grid systems to meet high electric load demands has resulted in the immense growth of the Global Vehicle-to-Grid (V2G) Market, which is expected to post a CAGR of 47.68% from 2015-2019.”

The Global Vehicle-to-grid market is divided into the following segments based on application: Electric Vehicles, Technology, and Infrastructure. The number of charging stations in the Chinese and European markets will grow at a rapid rate, given the cost reductions and entrepreneurial development in the regions. Load levelling is one of the most essential functions of V2G technology and helps balance loads between periods of high and low demand.

This latest report Global Grid-to-Vehicle (V2G) Market 2015-2019 also emphasizes government incentives and subsidies on electric vehicle (EV) charging stations and the increasing sales of EVs that are expected to contribute to the growing number of charging stations worldwide.

V2G technologies enable the usage of electric vehicles as distributed storage devices. The stored power can be utilized to feed the electrical system during periods of peak demand or for use in homes and offices. V2G is useful in times of sudden surges in electrical load, and as a back-up in case of emergencies.”

You can purchase the report in its entirety for a cool $2,500 here. Umm…no thanks.  The takeaway is highlighted rather well above: V2G will soar over the next 4 years.

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20 Comments on "V2G Compound Annual Growth Rate Predicted To Be 47.68% From 2015-2019"

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I suspect that V2G and V2H could grow at an even greater rate if vehicles were to start supporting it. This is a home upgrade that could rival the switch from land line phone service.

Nissan, for one, already supports and sells it in Japan, not the US. Honda has been doing public demos, but isn’t selling yet, just like Ford and BMW.

It’s kind of hard to talk about growth…from zero. I keep looking, but am not finding, any EV that actually puts power back on the grid. Am I missing something here?

And on top of that, we’re still struggling to get enough battery capacity so that you can actually DRIVE them. anybody with an EV needs the energy for that, not as a backup system.

Maybe I’m missing it. What is the use case here? The soccer mom who’s using the car to just pick up the kids at school? So it’s charged, sitting there, peak usage hits during a heat wave while the car is waiting to go pick up the kids?

Maybe they are all parked at work charging while everyone is at work? So then you go out to drive home, and find your battery has been depleted by peak demand for A/C in the area?

A tesla-driving soccer mom has to drive 100miles for groceries?

This is mainly for smoothing out the grid not powering it. Think long term Kosh, Eventually electic cars will be able to go as far as or further than gas cars per charge.

Don’t laugh, but the Mitsubishi i-miev was used forV2G during regional failure of the electric grid a couple of years ago.. I’m sure Nissan Leaf’s had the same capacity.

… I forgot to add, the regional failure of the grid happened in Japan.

A decent fraction of Leaf owners in Japan already sprung for the extra home kit.

I don’t think you’re missing anything, flmark.

The amazing thing is that this company actually expects people to pay thousands of dollars for a copy of a so-called “study” which is nothing but wishful thinking!

And Lensman lays another loaf.

Nissan’s installed power interfaces came in quite handy for drivers who bought it in time for the Big One… four years ago.

You’ve got it wrong. V2G is not for the utility’s benefit, but for the home owner. The home owner charges their EV cheap at night and use overcapacity to reduce their peak price use in the day time. For example a Leaf’s battery pack has 84 mile range/capacity, but average daily need is already only half (40 mile average commute). Why else is Tesla now getting big into selling 10kWhr home battery packs. Consider, by the time the Model 3 is selling in 2017, their will already be a couple hundred thousand Teslas at home with substantial over capacity battery packs. It’s an obvious benefit to the home owner, so auto makers will start including V2G as a premium feature in next gen EVs.

Global Grid-to-Vehicle (V2G)
Global Vehicle-to-Grid (V2G)

So which is it? Lots of swapping back & forth. Shouldn’t Grid-to_Vehicle be (G2V)?

With the Tesla Power Packs on the way, will this concept be irrelevant & too complex for utilities to administer? Why not just have your own dedicated batteries?

One of the big killers for battery (or any storage system) is the up front cost.

Typically in a grid there only short periods when storage might be worth doing, it replaces peaking plants which may only run for a few 100 hours a year. Buying a battery to sit in a room 350 days a year is a big sunken cost for not very much earning time. The 360 hrs of operation (spread over a year) might be very lucrative but if your asset is only working 360 hrs a year that is not very much money to pay back capital.

If the battery is in a car then the driver pays for the car and the grid balancing is the cherry on the cake. Everything in this space is very marginal because electricity is really cheap.

I think the numbers are wrong. It’s bound to be 47.69%, not 47.68%.


More likely 0.00004768%.

The really irritating thing about V2G is that its proponents deliberately confuse actual V2G — which means taking electricity stored in an EV’s battery pack and transferring it to the grid — with merely letting electric utilities control time-of-use of EV charging. The latter makes sense, in that it will help keep peak demand down, saving money for the utilities, and some of those savings will hopefully be passed along to customers. The former, letting the utility rent your EV’s battery pack for temporary energy storage, is a foolish idea which, if it were actually used, would case EV battery packs to wear out sooner than they ought to. Just consider this: if it was actually cost-effective for the utility to buy battery packs and use them for large-scale grid power storage, then they would buy those packs themselves and set up storage facilities with rows and banks of battery packs. The only reason for the utility to pay an EV owner a fee for that instead, is if they think it will cost them less money that way. And the only way it can cost them less money is to pay the EV owner less than fair market value… Read more »

Might be but I wound’t bet on that side.
There is a long way to go, but there is some potential benefit that is actually hard to factor with great knowledge.
Peak demand is also very costly on infrastructure or equipment that sit unused or idling waiting for the call.
It does also impair on the quality of the electricity on the grid and sometime turn into blakout.
So what’s the real value of having a backup system, web like, easying thing to a more managable situation is to be found.
I bet it’s worth it in many situation and probably more than we might think beforhand.

Vehicle to grid is a giant spyware network.
To make it work, your car need to register it’s location, available battery capacity to the smart grid system, which mean the system can exactly track when you are at home, how much you have driven, when and where you have connected at other places ect.

Great news!