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The Evolving Landscape of Electric Vehicle Charging: Current Dynamics and Future V2G Scenarios

The article authored by Kamil Maqsood – Editor , Michael Sheppard – CEO, Hassan Zaheer – COO and Saqib Saeed – CRO at PTR Inc. discusses the evolving landscape of electric vehicle (EV) charging, driven by policy changes, technological progress, and market dynamics. Notably, Tesla’s decision to open its charging standard to the public has led to widespread adoption of the North American Charging Standard (NACS) among major automotive OEMs, charge point operators, and charger manufacturers in the US. However, there are indications that the Biden administration might enforce the combined charging system (CCS), as the European Union did potentially affecting Tesla’s dominance. V2G integration is the pathway through which players in the V2G space, including automotive OEMs, utilities, and CPOs, will push to tap into the electricity market and revenues it has to offer, which were previously inaccessible. The article outlines three potential scenarios for V2G integration: 

 

  • Automobile OEMs Take the Lead: Automotive OEMs emerge as exclusive aggregators of EV batteries, holding dominance in the V2G domain, challenging utilities and energy companies. 
  • Utilities Assume Aggregation Control: Utilities become exclusive aggregators of EV batteries. This would require convincing regulators that the grid benefits more from utilities as sole aggregators rather than automobile OEMs or CPOs. 
  • Charge Point Operators Drive Aggregation: Charge point operators act as exclusive aggregators, collaborating with utilities. 

 

In the V2G sector, the main competition is expected between utilities and automotive OEMs, primarily in residential settings where most battery capacity is situated. Initially offering ancillary services, V2G integration may later enable OEMs to negotiate substantial benefits from utility savings. Due to its consolidated nature and influential lobbying, the automotive industry could take a prominent role in the V2G space. 

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