The context: V2G technology does not disrupt a consumer’s ability to charge their electric vehicle. By improving the electric power balance, energy efficiency is the main advantage of V2G’s two-way charging systems.
- With Link-U’s research, EVs’ built-in smart coordination platforms would quickly respond to locally based electric voltage fluctuations. Therefore, demand surges in the electricity market, typically for weather-related incidents, could be handled with electricity from cars. Normally in China, these demand hikes are met with energy generated from coal.
- Estimated final costs of EVs with this technology come in at 20% higher than conventional one-way charging stations.
The takeaway: Although Link-U has experienced recent research breakthroughs, they are by no means the only company with ambitious plans in V2G technology. NIO, a major Chinese electric vehicle manufacturer, is also a frontrunner in V2G. The company plans to update its entire line of electric vehicles with two-way charging capabilities.
EVs are a frontier technology, yet the race has already begun to build the frontier’s frontier.