GM enables EV owners to sell power back to the grid
General Motors is rolling out a software update that allows vehicle-to-home energy system owners to feed electricity back into the power grid during peak demand. The company is currently negotiating with ten utilities to expand this capability beyond initial pilot programs in California and Texas.
Insights:
General Motors will release software allowing thousands of EV owners in the United States to sell electricity back to the power grid. The move expands GM's energy business as it competes with rivals like Tesla and Ford in the vehicle-to-grid sector. The update provides the expanded capability of feeding electricity to the power grid, allowing the automaker to take a cut of payments from utilities.
