Commercial Sustainability of Vehicle-to-Grid Concept: An Overview

This paper talks about the vehicle-to-grid (V2G) idea, which is a system wherein electric vehicles (EVs) communicate with the power grid to trade services by either returning electricity to the grid or by regulating the power grid. The paper deals with the theoretical incentives bringing together the four players of V2G: car owners, power firms, aggregators and the society; and the barriers which they face for the commercialization of V2G. The paper then goes on to focus on the Indian market and the specific obstacles faced by the Indian market for the incorporation of V2G.