Report: V2G Market to Soar to USD 109.94 Billion by 2033

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The vehicle-to-grid market is set for significant expansion, projected to grow at a CAGR of 30.2% between 2025 and 2033. According to a new report from Exactitude Consultancy, the market is expected to reach a valuation of over USD 109.94 billion by 2033 from USD 7.37 billion in 2025.

Advances in battery technology, coupled with the development of Vehicle-to-Everything (V2X) systems, are expected to propel market growth. However, challenges such as inadequate infrastructure, lack of standardization, and high implementation costs remain significant barriers to widespread adoption.

According to the report, North America, particularly the U.S. and Canada, is at the forefront of V2G adoption, accounting for a substantial market share. Europe holds more than 35% of the V2G market and is projected to maintain steady growth throughout the forecast period. The region’s leadership stems from stringent emissions regulations, attractive incentives for EV ownership, and significant investments in clean energy. Countries like the Netherlands, Germany, and the UK are pioneering pilot programs and commercial deployments of V2G technologies.

The Asia-Pacific region also is witnessing rapid growth, driven by massive EV adoption in countries such as China, Japan, and South Korea. Government initiatives promoting renewable energy integration and smart city development are further contributing to the regional expansion of the V2G market.

View report press release

Source: Exactitude Consultancy | Global Newswire

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