Aussies, get ready for a big change. Experts say you could make $12,000 a year by using your electric car to power the grid. It’s like your car is a money-making machine, turning your drive to work into a way to earn cash.
This amazing chance to make money comes from a new tech called vehicle-to-grid (V2G). It lets you send power from your car’s battery back to the grid. And you get paid for it.
Major Highlights
- Aussie EV owners could earn up to $5 per day by feeding 30 kWh of electricity into the grid
- Potential to earn over $1,000 per year through V2G technology
- Fleet operators could earn up to $12,000 per car annually in the NSW FCAS Regulation Raise market
- V2G technology expected to be widely available by Christmas 2023
- Collaboration between EV and energy industries is key for this to work
Vehicle-to-Grid Technology: A Game-Changing Approval for Australian EV Owners
Big news for Australian electric vehicle (EV) owners! Standards Australia has approved the revolutionary Vehicle-to-Grid (V2G) technology. This opens up new opportunities. EVs can now send electricity back to the grid when it’s needed most, giving owners a financial boost.
How V2G Technology Works
Most cars sit parked for about 23 hours a day, storing lots of energy in their batteries. With V2G, EV owners can power their homes or sell electricity back to the grid. An average EV can power a home for days, changing how we manage energy.
Standards Australia’s Official Approval
Standards Australia’s approval means V2G technology is ready for everyone in Australia. This approval ensures V2G systems are safe and meet technical standards. It gives people and energy providers the confidence to use this new tech.
Implementation Timeline and Industry Collaboration
Getting V2G technology working will need teamwork from car makers, charging station providers, and energy companies. The Clean Energy Council will check products to make sure they meet the new standards. Energy Minister Chris Bowen wants the industry to work fast, aiming for bi-directional charging by 2023.
With V2G technology approved, Australian EV owners can enjoy big savings and help the planet. The future of electric cars just got even more exciting!
“The breakthrough in on-board bi-directional charging will substantially reduce the cost of integrating a future EV into the energy supply,” according to Nissan.
How to Earn $12,000 from Your Electric Vehicle Through Grid Services
Aussie EV owners can earn extra cash with vehicle-to-grid (V2G) technology. They can make up to $12,000 a year by using their car’s battery as a grid resource. This is a great way to make some extra money, which is very helpful right now.
To start, you need a special connection box for your car and home electricity system. The box used to cost about $10,000, but prices might fall to $1,000 soon. How much you can earn depends on your car’s availability, charging habits, and market participation. Fleet operators with many EVs could earn up to $12,000 per car each year.
Even if you have just one EV, you can earn a good amount. You might make between $1,000 and $5,000 a year. But to get the most, you need to understand energy markets and charge your car wisely. With the right strategy, your car can become a way to make extra money online.
