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ALL China Research Communications Computing Semiconductor Software and Consumer Electronics TAIWAN

Development Trends and Market Opportunities for V2G Technology

June 18, 2024 / Zong Yuan Ke

24 Page, Topical Report

US$1,800 (Single User License)

Abstract

Vehicle-to-Grid (V2G) technology enables bidirectional interaction between vehicles and the power grid, transforming electric vehicles into "mobile power sources on wheels." This technology not only effectively alleviates peak load pressure on the grid but also meets the storage needs for renewable energy. It is anticipated that the V2G equipment market will experience double-digit compound annual growth rates (CAGR) through 2030. However, challenges persist across the vehicle, charging infrastructure, and grid interfaces, presenting both opportunities and obstacles.

Table of Contents
1. Definition and Value of V2G

2. Major Countries’ V2G Policy Layouts

2.1 Potential Business Opportunities in V2G

2.2 Major Countries’ V2G Implementation Policies

3. Challenges in V2G Industry Development

3.1 Vehicle Side: Key Issue Lies in Battery

3.1.1 Vehicle Battery Lifespan

3.1.2 User Acceptance

3.2 Charging Side: Product Price as Pain Point

3.2.1 Standardization

3.2.2 Construction Costs

3.3 Grid Side: Grid Stability Challenges

3.3.1 Grid Resilience

3.3.2 Grid Intelligence

4. Key V2G Equipment and Major International Manufacturers

4.1 Vehicle Side

4.1.1 Bidirectional Batteries (Vehicles Supporting V2G)

4.1.2 Vehicle Battery Management Systems (BMS)

4.2 Charging Side

4.2.1 Smart Charging Stations

4.2.2 V2G Bidirectional Charging Stations

4.3 Grid Side

4.3.1 Smart Meters/Bidirectional Metering Devices

5. Conclusion

5.1 V2G Technology Has Commercial Potential and Aids National Decarbonization Efforts

5.2 Lack of Infrastructure, Unified Standards, and Business Models as Main Bottlenecks

Appendix

List of Companies

List of Figures
Figure 1: V2G Architecture: Vehicle, Charging Station, Grid

Figure 2: Global V2G Equipment Market Size

Figure 3: Comparison of Electricity Purchase and Sale Rates by Taiwan Power Company

Figure 4: V2G Communication Protocol Standards

Figure 5: Six Key V2G Equipment Components

List of Tables
Table 1: Policies and Demonstration Projects for V2G Expansion in Major Countries

Table 2: Major Challenges Faced by the V2G Industry

Table 3: Mainstream Vehicle Models Supporting V2G

Table 4: Smart Charging Station Products from Select Manufacturers

Table 5: V2G Charging Station Products from Select Manufacturers

Companies covered
ABB
Aclara
Arch Meter
Audi
Autel
Blink
BYD
CATL
Chubu Electric Power Company
Delta Electronics
EDMI
Enel-x
eTreego
EVBox
Fermata Energy
Fimer
Ford
GE Energy
Honda
Hyundai
Itron
Jingxing
Kia
LG Chem
Marelli
MarkLines
Mitsubishi
Myenergi
Nissan
Nuvve
Panasonic
Porsche
Renault
Siemens
Taipower
Tesla
Toshiba
Toyota Tsusho
Volkswagen
Volvo
Wallbox
Zerova

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