Could your electric car help pay for your bills? Well, with the price of electricity through the roof, owners are using their EVs to do just that.
Because she uses solar panels to charge her EV, she was also able to take advantage of the V2G charger's ability to use the electricity in her car's battery to power her home. This resulted in a halving of her monthly electricity bill from £50 to £25.
Mike Potter, CEO of Crowd Charge, said the Electric Nation trial had demonstrated not only the financial benefits of V2G but also consumers' willingness to embrace the concept."Proof of this is that over half of the participants have chosen to keep their chargers," he said. In its report on the 2021 OZEV trial, the Office of Gas and Electricity Markets predicted mass production of V2G chargers would have prices fall to around £1000 and believed the payback period could"comfortably be below five years".
Critics of V2G say users can already benefit from lower tariffs by investing in the new generation of intelligent chargers that connect users with the cheapest ones the moment they become available, rather than at pre-determined hours.
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