Global Vehicle-to-Grid (V2G) Market Expected to Reach $16.9 Billion by 2030, Growing at a CAGR of 21.7% from 2025 to 2030.

The global Vehicle-to-Grid (V2G) market is projected to grow from $6.3 billion in 2025 to $16.9 billion by 2030, with a CAGR of 21.7%. Factors driving demand include the growing demand for EVs, supportive government initiatives, and advances in technology. Companies such as Ford, Toyota, and Volkswagen are working on V2G pilot programs with utility providers, while IoTecha has developed an IoT cloud-based platform enabling V2G integration.

The global Vehicle-to-Grid (V2G) market is poised for significant growth, projected to surge from $6.3 billion in 2025 to $16.9 billion by 2030, at a compound annual growth rate (CAGR) of 21.7% [1]. This technology, which allows car batteries to feed energy back into the power grid, is expected to play a pivotal role in enhancing grid support, cutting EV costs, and integrating renewable energy sources.

Key drivers behind this growth include the increasing demand for electric vehicles (EVs), supportive government initiatives aimed at developing EV charging infrastructure, and continuous advancements in technology. Additionally, the expansion of charging infrastructure and the integration of smart grids into V2G systems are further propelling market growth [2].

Major players in the industry, such as Ford and Volkswagen, are actively working on V2G pilot programs with utility providers. For instance, IoTecha, a technology company specializing in IoT and EV charging infrastructure, has developed an IoT cloud-based platform that enables V2G integration through its smart charging software. In November 2024, IoTecha introduced the Mobilize PowerBox, an AC V2G charger that can charge and discharge energy to the grid, supporting peak demand and sustainability [1].

The market is segmented into four main categories: vehicle type, charger type, components, and services. This segmentation allows for a comprehensive analysis of market trends, technological advancements, regulatory environments, and competitive landscapes. The report also covers regional dynamics, with detailed insights into North America, Europe, Asia-Pacific, and the Rest of the World [1].

The market's growth prospects are bolstered by the potential for additional revenues for households and commercial fleet operators, as well as fuel cost savings for consumers. Furthermore, the integration of V2G technology can significantly enhance the efficiency of energy flow, contributing to a more sustainable and resilient power grid.

In conclusion, the V2G market is experiencing robust growth, driven by a combination of technological advancements, supportive government policies, and increasing demand for EVs. As the market continues to expand, it is expected to play a crucial role in shaping the future of energy management and sustainability.

References:
[1] https://finance.yahoo.com/news/vehicle-grid-v2g-global-markets-080100582.html
[2] https://www.globenewswire.com/news-release/2025/08/28/3140549/28124/en/Vehicle-to-Grid-V2G-Global-Markets-Research-2025-2030-EV-Adoption-Government-Incentives-and-Smart-Grid-Advances-Fuel-Growth-Opportunities-Emerge-in-Charging-Infrastructure-Expansio.html