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Ford, Honda, and BMW create a new vehicle-to-grid company to help EV owners save money (www.theverge.com)

submitted 1 year ago by ZeroCool@feddit.ch to c/technology

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The new company, ChargeScape, will create a platform that can be used by both utilities and EV owners to benefit from the expected surge in mobile batteries plugged into the grid.

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[–] scrubbles@poptalk.scrubbles.tech 11 points 1 year ago

I've seen a lot of comments that are worried about the surge of EVs on the grid. Personally I say good, we've needed to update our grid for decades, maybe this will finally start pushing companies to do it. On top of that, I see a lot of people giving solar a solid chance, and that should be a standard too, I love the idea of people generating their own power and only using the grid for anything extra

[–] MutatedBass 10 points 1 year ago (1 children)

If I owned an EV I would be too worried about battery degradation caused by the extra charge cycles to participate in anything like this.

[–] viq@social.hackerspace.pl 8 points 1 year ago (1 children)

@MutatedBass @ZeroCool I've seen somewhere mentioned that the batteries of EVs now 15+ years old didn't degrade that much, people still get a lot of range out of them.

[–] MutatedBass 1 points 1 year ago

Huh, that's pretty cool, I didn't know that.

[–] autotldr@lemmings.world 2 points 1 year ago (1 children)

🤖 I'm a bot that provides automatic summaries for articles:

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Ford, BMW, and Honda are joining forces to create a new vehicle-to-grid company that aims to help EV owners save money by sending energy back to the electrical grid.

The new company, ChargeScape, will “create a single, cost-effective platform connecting electric utilities, automakers and interested electric vehicle customers.” Through that platform, EV owners “earn financial benefits through a variety of managed charging and energy-sharing services never before possible with traditional gasoline-powered vehicles.”

The three automakers will each own an equal share of the new company, which is expected to ramp up operations starting next year, pending regulatory approval.

ChargeScape, they promise, will help simplify the logistics so individual automakers won’t have to negotiate a plethora of deals with utility providers.

And the same will hold true for people who own EVs: they will get to use the platform to determine when’s the most “grid-friendly” time to charge their cars through “flexible and managed schedules.” ChargeScape also plans to develop products to help EV owners share their vehicle’s energy with the grid during times of peak demand through vehicle-to-grid applications.

Seven major companies, including BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis, created a joint venture to build their own charging network in North America.

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