Top 50 Companies in Vehicle-To-Grid Technology Market: Spherical Insights Analysis (2024-2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Vehicle-To-Grid Technology Market Size is projected To Grow from USD 7.21 Billion in 2024 to USD 179.32 Billion by 2035, at a CAGR of 33.93% During The forecast period 2025-2035. The green revolution movements in many countries to protect the environment from escalating pollution are the main cause of the growing demand for electric vehicles.
Introduction
Vehicle to grid refers to a system that enables several kinds of electric vehicles, including plug-in hybrids, battery electric vehicles, fuel cell vehicles, and others, to connect to the power grid and interchange electricity in both directions, hence providing demand response services. The global rise in the use of electric vehicles is one of the main drivers propelling the market for automobiles to the grid. This is influencing the demand for infrastructure for charging electric vehicles, including unidirectional and bidirectional power flow charging. Additionally, the government's increasing initiatives to encourage the use of eco-friendly electric vehicles and the public's increased consciousness of environmental issues have sped up the vehicle to grid industry's growth. The energy industry has seen significant change as a result of the growing global usage of electric vehicles. Cars that run on batteries have shown a high degree of success in reducing carbon emissions. Alongside the substantial adoption of electric vehicle technology in developed regions like North America and Europe, emerging nations have also demonstrated a great deal of interest in implementing electric vehicles as a future form of transportation.
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Vehicle-to-Grid Technology Market Size & Statistics
- The Market Size for Vehicle-to-Grid Technology Was Estimated To be worth USD 7.21 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 33.93% between 2025 and 2035.
- The Global Vehicle-to-Grid Technology Market Size is anticipated to reach USD 179.32 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Vehicle-to-Grid Technology Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Vehicle-to-Grid Technology Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the vehicle-to-grid technology market. Green revolution movements in Asian nations including China, Japan, India, and South Korea are the main causes of the notable expansion. For example, China is making large investments to achieve its goal of having all vehicles in the region run entirely on electricity by 2025. Recently improved car batteries can endure numerous charging cycles without degrading and have a longer operational life. Additionally, the industry is expanding due to the emergence of vehicle-to-everything technology, which is a smaller, lighter, and simpler version of vehicle-to-grid technology.
North America is expected to generate the highest demand during the forecast period in the vehicle-to-grid technology market. One of the main elements driving the market's expansion is government measures encouraging the adoption of battery-powered vehicles to reduce carbon emissions. Furthermore, a sizable customer base is drawn to electric vehicles by the manufacturers' long-term warranties as well as government incentives and subsidies. The main factors propelling market expansion are the extensive use of autonomous vehicles and the growing adoption of smart power generation systems. Electric and hybrid cars use less gasoline and are more fuel-efficient than traditional internal combustion engines.
Top 10 trends in the Vehicle-to-Grid Technology Market
- Widespread adoption of bidirectional charging
- Integration with smart grids and renewable energy sources
- Expansion of V2G pilot projects and commercial deployments
- Collaborations between automakers and utilities
- Advancements in battery technology and management systems
- Supportive government policies and regulatory frameworks
- Development of robust business models for revenue generation
- Standardization of V2G protocols and interoperability
- Focus on fleet electrification and commercial applications
- Deployment of AI and advanced data analytics for grid optimization
1. Widespread adoption of bidirectional charging
Bidirectional or two-way charging is the core enabler of V2G, allowing electric vehicles (EVs) to both draw power from and supply energy back to the grid. This trend is becoming standard in new EV models and is critical for grid balancing, demand response, and unlocking distributed energy storage potential.
2. Integration with smart grids and renewable energy sources
V2G technology is increasingly being integrated with smart grids and is essential for efficiently managing the variability of renewable energy (such as solar and wind). By allowing EV batteries to store excess renewable energy and redistribute it during peak demand or shortages, V2G promotes greater renewable adoption and stabilizes the grid.
3. Expansion of V2G pilot projects and commercial deployments
The market is moving from experimentation to large-scale deployments. More utilities and auto manufacturers are scaling up V2G pilots, launching commercial services in select regions, and beginning to integrate V2G solutions into mainstream energy markets—especially where regulatory and business frameworks support them.
4. Collaborations between automakers and utilities
Strategic partnerships are forming between major carmakers, technology providers, and utility companies to deploy V2G platforms, integrate systems, and co-develop services. These collaborations accelerate innovation, increase interoperability, and help create seamless end-user experiences.
5. Advancements in battery technology and management systems
New battery chemistries with improved durability, efficiency, and faster charging capabilities are supporting more frequent and reliable bidirectional energy exchanges. Battery management systems are also becoming more sophisticated, improving lifecycle performance and making V2G safer and more attractive for both consumers and grid operators.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the vehicle-to-grid technology market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Vehicle-to-Grid Technology Market
- Nuvve Corporation
- Nissan Motor Corporation
- Mitsubishi Motors Corporation
- EDF Group
- Enel X
- The Mobility House
- Hitachi Energy
- ABB
- Fermata Energy
- ENGIE
- Siemens
- Dreev
- Princeton Power Systems
- Toyota Motor Corporation
- General Motors
- Honda Motor Co.
- Shell New Energies
- EVBox
- Tesla
- AutoGrid
- Hyundai Motor Company
- E.ON
- BMW Group
- IoTecha
- Renault
1. Nuvve Corporation
Headquarters: San Diego, United States
Nuvve is a global leader and pioneer in Vehicle-to-Grid (V2G) technology, driving innovation through its advanced bidirectional charging platforms. The company’s solutions optimize electric vehicle (EV) battery use by enabling dynamic, real-time energy transfer between EVs and the grid. Nuvve’s intelligent V2G systems help stabilize power grids and facilitate the integration of renewable energy sources, enhancing grid resilience and supporting cleaner energy transitions. By partnering with utilities, OEMs, and governments globally, Nuvve delivers scalable V2G services such as frequency regulation and demand response. Their robust software connects thousands of EVs, creating value for customers and grid operators. Nuvve’s continuous advancements keep it at the forefront of the V2G market and promote sustainable energy ecosystems.
2. Nissan Motor Corporation
Headquarters: Yokohama, Japan
Nissan stands out as a pioneer in Vehicle-to-Grid (V2G) initiatives with innovative integration of V2G capabilities in its electric vehicle portfolio. The company’s Nissan LEAF is recognized as one of the first mass-market EVs with bidirectional charging, enabling owners to supply energy back to the grid. Nissan focuses on expanding V2G adoption through partnerships, commercial pilots, and policy advocacy across global markets. By advancing battery technologies and supporting smart grid development, Nissan empowers EV owners to participate in energy markets, promoting sustainability and energy flexibility. The corporation’s vision positions it as a catalyst for cleaner, smarter grids and customer-centric V2G solutions.
3. Mitsubishi Motors Corporation
Headquarters: Tokyo, Japan
Mitsubishi Motors is a major contributor to Vehicle-to-Grid (V2G) technology, integrating bidirectional energy management into its plug-in hybrid and electric vehicles, including the popular Outlander PHEV. The company emphasizes “vehicle-to-home” and “vehicle-to-building” capabilities, allowing users to power homes or offices from their vehicles. Mitsubishi collaborates with industry and government bodies to advance V2G pilots and regulatory models, supporting grid reliability and accelerating renewable integration. By bridging automotive and energy sectors, Mitsubishi places V2G at the core of its clean mobility strategy, giving users flexibility and utilities new resources for grid balancing and demand management.
4. EDF Group
Headquarters: Paris, France
EDF Group is a key player in the Vehicle-to-Grid (V2G) market, leveraging its expertise as a global electricity supplier to develop cutting-edge grid integration services. The company invests in V2G pilot projects and commercial deployments aimed at optimizing energy flows and promoting renewable use. EDF’s innovative V2G solutions enable EVs to provide critical grid services, foster customer participation in energy markets, and support the development of tomorrow’s smart energy networks. EDF’s collaborations with automakers and technology partners help drive advancements in bidirectional charging, making the company a pillar in the European and international V2G landscape.
5. Enel X
Headquarters: Rome, Italy
Enel X, a subsidiary of energy leader Enel Group, plays an influential role in Vehicle-to-Grid (V2G) innovation worldwide. The company specializes in designing and installing V2G charging infrastructure that connects electric vehicles with power grids to facilitate flexible, decentralized energy systems. Enel X’s projects span partnerships with automakers and utilities, focusing on scalable, commercial V2G applications. Its technology enables users to monetize surplus EV battery energy, supports renewable grid integration, and delivers demand response capabilities. Enel X’s commitment to sustainability, interoperability, and energy transition cements its reputation as a V2G market trailblazer.
Are you ready to discover more about the vehicle-to-grid technology market?
The report provides an in-depth analysis of the leading companies operating in the global vehicle-to-grid technology market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Nuvve Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Nissan Motor Corporation
- Mitsubishi Motors Corporation
- EDF Group
- Enel X
- The Mobility House
- Hitachi Energy
- ABB
- Fermata Energy
- Others.
Conclusion
The vehicle-to-grid (V2G) technology market is rapidly expanding, driven by the convergence of electric vehicle adoption and smart grid advancements. Strategic collaborations between automakers, utilities, and technology firms are accelerating the deployment of V2G solutions worldwide. Supportive policies and regulatory frameworks further enhance the sector’s growth prospects. The focus on renewable integration and grid stability makes V2G a key pillar in the sustainable energy ecosystem. Overall, the market is poised for robust expansion, with significant opportunities for innovation and value creation.
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