V2G Technology: Regional Growth and Market Leaders in Europe, the Asia Pacific, and America

by Aug 2, 2023

The market for Vehicle-to-Grid (V2G) technology is expanding significantly on a global scale. With over 20 V2G projects in development, the United Kingdom is far ahead of its competitors, which include the Netherlands, Germany, and Japan. In regions with a tendency toward decentralized energy generation, such as Germany, V2G technology is regarded as crucial for future energy systems. Current environmental issues in the United States are increasing the demand for V2G technology, and the rate of consumer adoption will determine the cost of implementation. It is anticipated that the demand for V2G technology will increase in the coming years due to the growth of smart infrastructure and the increasing popularity of electric vehicles (EV).

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