Electric vehicle owners may soon be able to tap into a lucrative new revenue stream as the University of Michigan's Mobility Transformation Center, in conjunction with the International Electrotechnical Commission (IEC), has released a crucial new standard for Vehicle-to-Grid (V2G) technology. The new standard, which is set to be adopted globally, will enable electric vehicles to supply energy back to the grid when not in use, providing a much-needed boost to the stability and resilience of the electrical infrastructure. As the demand for renewable energy sources continues to grow, V2G technology has the potential to play a key role in the transition to a low-carbon economy, and this new standard is a major step forward in making that vision a reality. With the global electric vehicle market expected to reach new heights in the coming years, the impact of this new standard could be felt far and wide.
UL releases an important new V2G standard Charged EVs
