EV News

Why electric vehicles could kill the market for household batteries

Published by
Giles Parkinson

Renew Economy

The head of the biggest installer of electric vehicle charging equipment in Australia predicts that EVs will ultimately displace residential battery storage, and become a key asset for the market operator to manage the grid.

Tim Washington, the founder and CEO of Jet Charge, which has installed thousands of charging stations in homes and businesses, and is also involved in the roll out of fast-charging stations, says vehicle-to-home (V2H) and vehicle-to-grid (V2G) technologies will likely make home batteries redundant in the long run.

Currently, Australia has seen only one EV that has V2G technology – the new Nissan Leaf – but while the car has just arrived in the country, the V2G part has not yet been rolled out as it is still undergoing testing with Australian networks and the Australian Energy Market Operator.

Still, Washington says the proposed offering from Nissan is significant. Nissan is the first maker of EVs to say that V2G technology will not void the warranty of its car battery, and within 5 years the major plug suppliers will provide V2G technology as standard.

“Bi-directional charging though EVs will spell the end of residential storage as we know it … it will completely displace it,” Washington told the Electric Vehicle Transition conference co-hosted by The Driven and RenewEconomy late last month. (See more stories here).

“By 2024, every (electric) vehicle coming out to the market will be (V2H and V2G) capable. It’s just a question of whether you use it.”

To read the full article, please click here to visit our sister site Renew Economy.

Recent Posts

Largest rollout of public kerbside EV chargers in Australia unveiled in NSW

NSW unveils what it says is the largest rollout of kerbside EV chargers in Australia,…

May 26, 2024

Mercedes Benz slashes prices on its EQE electric SUV by up to $23,000

Another brand significantly cuts prices on its premium electric SUVs and EV prices continue to…

May 26, 2024

Will Australia dare follow Paris and support bikes and electric trucks instead of fossil SUVs?

The Australian government admits that growing SUV sales threaten to undermine progress on EVs. It…

May 26, 2024

New York startup launches 500kW “charging trees”, says it will grow network bigger than Tesla

An innovative New York startup company has developed a space-saving EV charger that unlocks up…

May 26, 2024

Tesla claims record uptime of 99.97 per cent for Supercharger network

Tesla doubles down on improving charger reliability with uptime now reaching record levels.

May 26, 2024

Batteries on wheels: Mitsubishi gets network approval to export power from cars to the grid

Japanese car maker says it has approval from South Australia's electricity network to export power…

May 24, 2024