Vehicle-to-Grid Market to Reach USD 27.3 Billion by 2031 as EVs Transform into Mobile Power Plants

[Hyderabad, April 17th, 2025] – The global Vehicle-to-Grid technologies market, currently valued at USD 4.8 billion, is projected to grow at a CAGR of 28.7% to USD 27.3 billion by 2031, according to new research from ClearView Market Insights. This seismic shift is driven by regulatory mandates, battery breakthroughs, and lucrative opportunities in the energy market.
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2024 Grid Transformation Milestones
1. Regulatory Acceleration
- FERC Order 2222:
- Unlocks USD 3.2 billion/year in US V2G revenue by 2027
- EU AFIR Mandate:
- Requires bidirectional chargers at all fast charging sites
2. Battery Technology Leaps
- CATL's 16,000-Cycle LFP:
- Enables 10+ years of daily V2G cycling
- QuantumScape Solid-State:
- Handles 50,000 cycles with <5% degradation
3. Energy Market Gold Rush
- California's USD 1.75/kWh Payments:
- EVs earn USD 1,200+/year during grid alerts
- UK's £60/MW/h Frequency Fees:
- 100-vehicle fleets generate £500,000 annually
Regional Leaders
- North America (39% share):
- FERC markets opening
- Europe (XX%):
- AFIR compliance driving deployments
- Asia-Pacific (XX%):
- China's GB/T standard finalized
Industry Firsts
- Q4 2024: First UL 9741-certified home V2G (Tesla CyberVault)
- Q3 2024: UK's 2GW V2G tender awarded
- Q2 2024: PG&E's 500MW program launches
Executive Insights
"We're not just building EVs anymore—we're manufacturing distributed power plants on wheels."
– Gregory Poilasne, Nuvve CEO
"The battery in your driveway will soon be more valuable than the car it powers."
– Michael Hughes, Fermata Energy CRO
Roadmap to 2031
- 2025: 20% of new EVs ship with V2G capability
- 2027: Fleet V2G revenues surpass USD 10B globally
- 2030: EVs provide 10% of grid flexibility needs
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About Clearview Market Insights:
Clearview Market pioneers’ grid-edge energy solutions, from V2G aggregation to virtual power plant orchestration.