Global Vehicle-To-Grid (V2G) Market Growth (Status and Outlook) 2025-2031

Global Vehicle-To-Grid (V2G) Market Growth (Status and Outlook) 2025-2031

The global Vehicle-To-Grid (V2G) market size is predicted to grow from US$ 78.2 million in 2025 to US$ 3233 million in 2031; it is expected to grow at a CAGR of 86.0% from 2025 to 2031.

Vehicle-to-grid, or V2G technology, is defined as a system that is capable of controlling the bidirectional flow of electricity between the vehicle and the grid. Electricity flows from the grid to the vehicle to charge the battery. Also, electricity can flow back from the vehicle to the grid when required. A majority of the time, electric vehicles are not in use. During this idle time, the batteries of these vehicles can be utilized for supplying electricity back to the grid.

Global vehicle-to-grid (V2G) core manufacturers include NUVVE, Enel Energia, The Mobility House and State Grid. The top three manufacturers account for approximately 62% of the global share. NUVVE is the world's largest vehicle-to-grid manufacturer, with a market share of approximately 23%.

From a production perspective, the United States&Canada, Europe and China are the world's major vehicle-to-grid production regions, with the three together accounting for more than 86% of the market share.

In terms of product types, two-way V2G occupies a dominant position, accounting for 80% of the market share. At the same time, in terms of applications, pure electric vehicles are the largest application field, accounting for 72%.

LPI (LP Information)' newest research report, the “Vehicle-To-Grid (V2G) Industry Forecast” looks at past sales and reviews total world Vehicle-To-Grid (V2G) sales in 2024, providing a comprehensive analysis by region and market sector of projected Vehicle-To-Grid (V2G) sales for 2025 through 2031. With Vehicle-To-Grid (V2G) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle-To-Grid (V2G) industry.

This Insight Report provides a comprehensive analysis of the global Vehicle-To-Grid (V2G) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Vehicle-To-Grid (V2G) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle-To-Grid (V2G) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle-To-Grid (V2G) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle-To-Grid (V2G).

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle-To-Grid (V2G) market by product type, application, key players and key regions and countries.

Segmentation by Type:
Unidirectional V2G
Bidirectional V2G

Segmentation by Application:
Battery Electric Vehicles
Plug-In Hybrid Electric Vehicles
Fuel Cell Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NUVVE
Enel Energia
The Mobility House
China State Grid
Fermata Energy
E.ON
ActewAGL
KEPCO
EDF Energy
ABB
Tokyo Electric Power

Please note: The report will take approximately 2 business days to prepare and deliver.