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Quick Take: We advise caution on this new V2G forecast.This report lumps together V2G (cars supply electricity directly to the grid) with smart charging (cars stop and start their charge cycles to match the grid's needs). The former is highly unlikely since repeated discharge cycles would degrade the batteries, the most expensive and "fragile" part of an EV. The latter is the right approach, but requires interoperability. Sadly, the industry is foolishly embarking on dozens of incompatible islands of EV charging without central coordination. As a result, electric vehicles could endanger unsuspecting utilities. We're EV fans and supporters, but we also have the job of warning you of problems and obstacles. Before you make up your mind, you may want to review this overview of electric vehicle charging incompatibility issues. And this warning from one firm that electric vehicle growth may be slower than hoped. – Jesse Berst
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The global vehicle-to-grid market is expected to grow at a breakneck pace, reaching the $2.25 billion mark in 2012 and a whopping $40.4 billion in 2020, according to a new market analysis from GlobalData. The report acknowledges that there are now no hybrid electrics or plug-in EVs capable of delivering power back to the electric grid, but forecasts that explosive growth in the market will be driven by a combination of factors. Those include smart grid deployments and stimulus programs, renewable energy policy, greater environmental awareness on the part of consumers and businesses, higher energy costs, dropping vehicle prices, growing demand for hybrid EVs and more. The report says those factors will spur innovation, cost reduction and accelerated adoption of V2G technology. It also predicts that with the help of government stimulus, smart grid and EV deployments in the U.S., China and Japan will fuel global V2G growth. "The communication between utility, the consumer and the recharge points is an essential aspect of (the) V2G mechanism," a GlobalData press release said. "Smart grid technology also controls vehicle charging behavior. Developing a workable vehicle-to-grid infrastructure not only depends upon the speed of smart grid implementations, but also the cost of technology to required to support this type of distributed generation and mobile storage program."
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