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Bidirectional charging EV batteries could help EU save over $23 billion a year
Increased EV adoption paves the way for the use of their batteries as mobile and decentralized energy storage potentially saving billions of euros annually.
A large fleet of EVs in a country or region like the EU can store excess energy generated in renewable facilities daily and feed it back to the grid when demand increases. When these conditions are met, an EV owner could save up to 780 euros per year in charging costs while also improving the lifespan of their battery packs. EV batteries can serve as an energy storage solution for renewables and feed it back to the grid during high demand.
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