U.S. Vehicle-to-Grid Technology Market - Databook 2025 to 2034

The U.S. vehicle-to-grid technology market size accounted for USD 1,420 million in 2024 and is predicted to touch around USD 69,220 million by 2034, growing at a CAGR of 47.5% from 2025 to 2034.

Highlights of the U.S. Vehicle-to-Grid Technology Market

• By component type, the electric vehicle supply equipment (EVSE) segment held a dominant presence in the market in 2024.
• By component type, the smart meters segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
• By application type, the battery electric vehicles (BEVs) segment accounted for a considerable share of the market in 2024.
• By application type, the plug-in hybrid electric vehicles (PHEVs) segment is projected to experience the highest growth rate in the market between 2025 and 2034.

Industry Valuation and Growth Rate Projection

The U.S. vehicle-to-grid technology market talks about vehicle-to-grid (V2G) technology through which electric vehicles (EVs) can both consume from and give back electricity to the grid. The grid's needs and supply can be evened out as the bi-directional flow of power supports EVs to work like portable energy storage units.

As the demand for electric vehicles can be seen increasing, the government of the U.S. is coming up with initiatives and funding the market.

• The U.S. government has introduced initiatives aimed at enhancing clean energy technologies, including V2G systems. Funding through programs like the “Infrastructure Investment and Jobs Act” allocates billions for electric vehicle infrastructure, which includes V2G capabilities. This is expected to accelerate the development of V2G infrastructure across the country.

U.S. Vehicle-to-Grid Technology Market: Stats and Figures

• In 2024, calendar year-to-date demand for electricity rose by 1.8%, according to Deloitte's analysis.
• As per Astute’s research, around 10,000 bi-directional chargers are installed globally, thus facilitating vehicle energy to get back into the grid.
• In 2023, investors are funding more than 100 vehicle-to-grid startup companies, accounting for more than $1 billion, thus helping the firms with V2G research and development.
• In the US, the Bipartisan Infrastructure Law allocated $5 billion over five years for the purpose of replacing dirty school buses with electric buses.
• Following the International Energy Agency (IEA), the battery electric vehicles BEVs and plug-in hybrid electric vehicles PHEVs are going to be sold with an estimated number of 106.4 million units by 2050.

How AI Has Benefitted the Market

AI can change the way the automotive sector works. The U.S. vehicle-to-grid technology market can use AI to improve the reliability and efficacy of V2G systems. Even machine learning methods in V2G hold enormous potential in simplifying the easy and intellectual assimilation of electric cars into the future electric grid, which is more viable.

• Predicting energy needs: AI can foresee and help users decide whether or not the energy needs to be supplied for charging.
• Analysis using AI and ML: Peak periods of electricity and grid performance can be analyzed using AI.
• Cost reduction: Expenses related to operations and management can be saved through AI while helping the grid service become effective.
• Allowing communication: As a bidirectional power converter, both needs and supplies electricity, AI can enable the EV and the grid interaction to create a balance of energy.

Industry Leader Announcements

• David Slutzky, founder and CEO of Fermata Energy:

Talking about the benefits of V2G technology, Slutzky said, “V2G technology offers a cost-effective option for utilities, governments, building owners, and others to generate revenue, reduce their impact on the climate, and build a more resilient system. The results found in E Source’s case study validate that Fermata Energy’s technology works. More importantly, it highlights that V2G technology is now a realistic and important solution that will provide significant opportunities to fleet customers, utilities, and the electric power industry overall.”

U.S. Insights

The U.S. vehicle-to-grid technology market is becoming highly competitive, and the leading firms are looking forward to meeting the rising demand for EVs in the country. The examples of some of these companies include Toyota Motor North America, Duke Energy, Pacific Gas & Electric, GM Energy, Fermata Energy, and Nuvve.

• The Environmental Protection Agency’s (EPA) Clean School Bus Program is helping with the finances to switch from more polluting buses like petrol or diesel ones to electric ones, which emit much less carbon.

Recent Developments:

• The company EnergyHub, which is a grid technology service provider, and GM Energy have gotten together to combine the network and market programs of EnergyHub and GM Energy's EV and home energy storage.
• JuiceNet and IoTecha, a leading EV charging technology and cloud-based Vehicle Grid Integration (VGI) solutions firm, have collaborated to revolutionize EV charging with their enhanced technology and choices for residential and commercial purposes across the North American region.

Competitive Landscape 

The U.S. vehicle-to-grid technology market is dominated by several automotive companies renowned for their noteworthy contributions to creating something new in the electric vehicle sector, thus influencing the need for vehicle-to-grid technology. Based on recent data, the top three leading companies are:

• Company Name: Toyota Motor North America 
• Year of Incorporation: 1957
• Headquarters: Plano, Texas

Toyota Motor North America's assessed annual revenue is currently $8.7 billion per year.

• Company Name: Duke Energy
• Year of Incorporation: 1912 
• Headquarters: Charlotte, North Carolina

The gross profit of Duke Energy leaped from $19,381 million in 2023 to $20,586 million in 2024.

• Company Name: Pacific Gas & Electric
• Year of Incorporation: 1905
• Headquarters: Oakland, California

The gross profit of Pacific Gas & Electric stood at $20,966 million in 2024.