The vehicle electrification train has left the station, or in this case, the garage. California alone has set a goal to reach 1.5 million electric vehicles by 2025 and 5 million by 2030 – and 12 additional states are following that lead with similar ambitions. Electric vehicle (EV) adoption, from light-duty passenger cars to heavy-duty trucks, can be a major benefit to owners and fleets by reducing vehicle fueling costs, creating new revenue streams by providing services to the electric grid, and offering critical energy resiliency in a world of increasing climate-related natural disasters.

Even when the grid is functioning normally, V2B can drive value for businesses and homes when properly integrated into building design. EVs can act like stationary energy storage devices, reducing building peak demand and lowering the building’s electrical bill. A demonstration of V2B technology by Fermata Energy in Virginia saved a building nearly $800 over the course of five months, simply by offsetting a 15-minute peak period daily with one Nissan Leaf.

(Full article by Ed Burgess & Melanie Davidson originally posted on ACTNews March 16, 2021. )