Vehicle-to-Grid (V2G) Technology: How India Is Gearing Up and 5 Stocks to Watch

Imagine your parked electric car powering your house — or even saving your city during a blackout.
Sounds futuristic? With V2G Technology, this future is almost here.
While the world races ahead, India is quietly setting the stage to turn every EV into a mini power plant. And for smart investors, this could unlock major stock market opportunities.

Let’s dive into what’s happening, where India stands, and the 5 stocks ready to ride the V2G wave.

What is V2G Technology?

Vehicle-to-Grid (V2G) Technology allows electric vehicles (EVs) to not just consume electricity, but send it back to the grid when needed.
When your EV is idle (which is 90% of the time), it can act as a decentralized energy storage system.
Thanks to bi-directional chargers, EVs can now charge (G2V) and discharge (V2G) power intelligently, based on the grid’s requirements.

Key advantages:

• Balance renewable energy fluctuations.
• Reduce stress during peak demand.
• Give EV owners extra income through reverse charging incentives.

Did you know?
Most electric vehicles are parked and not used 90% of the day.
That’s a goldmine for V2G Technology — your parked EV can become a mini power plant, earning you money while you sip chai! ☕⚡

📈 Stock Opportunity: Tata Power

Why Tata Power?
Tata Power is the king of EV charging stations in India. They have over 60% market share in EV public charging points and are experimenting with smart grid and storage technologies — perfect for V2G.
If India starts adopting V2G Technology in a big way, Tata Power will likely be one of the earliest beneficiaries.

V2G Technology Growth Projection (2024-2032)

Market Size: Expected to reach USD 116.53 million by 2032.

Growth Rate: Growing at a 30.1% CAGR from 2024 to 2032.

Key Growth Drivers:

• Rising electric vehicle (EV) adoption.
• Increasing electricity demand.
• V2G’s role in improving grid stability and energy efficiency.

👉 What it means:
The V2G Technology sector isn’t just a buzzword — it’s a booming industry shaping the future of energy and EVs.

How the World is Embracing V2G Technology

Countries like the U.K., Netherlands, and the U.S. have already piloted V2G projects.
EV owners there are paid to send power back during peak hours.
In California, some EV users even survive on EV battery power during blackouts caused by wildfires!

Global standards for bi-directional charging (like CHAdeMO and ISO 15118) are also evolving fast to make V2G mainstream.

📈 Stock Opportunity: ABB India

Why ABB India?
ABB is a global leader in smart EV chargers, including bidirectional chargers that allow V2G operation.
ABB India is already setting up EV infra and could expand massively once V2G-compatible chargers become standard in India.

V2G Technology in India: Baby Steps but Big Potential

Right now, India’s EV adoption is exploding, but most of the focus is on charging infrastructure, not V2G.
Only a few DISCOMs (power distribution companies) like Kerala State Electricity Board (KSEB) are planning pilot V2G projects.

Challenges:

• No clear regulations for EVs supplying back to the grid yet.
• Electricity tariffs don’t reward bi-directional energy flow.
• Distribution networks need upgrading to handle two-way electricity.

Still, the Central Electricity Authority (CEA) has set up committees to frame reverse charging policies — a strong first move.

📈 Stock Opportunity: Exide Industries

Why Exide Industries?
Exide is India’s battery behemoth, and it’s aggressively moving into lithium-ion EV batteries and energy storage solutions.
If V2G becomes viable, battery tech firms like Exide will cash in big — not just from EVs, but also from grid services.

KSEB-IIT Bombay V2G Pilot: A Possible Gamechanger

Kerala, with its solar rooftop boom and rising EV sales, is facing evening peak demand problems.
That’s why KSEB and IIT Bombay are piloting a project to see if EVs can send power back to the grid when solar energy drops after sunset.
If successful, this will be a model for other states.

The idea:

• Charge EVs during high solar generation (daytime).
• Discharge back during evening demand.

If this works, India could see an explosion in smart charging and V2G infra projects.

📈 Stock Opportunity: Servotech Power Systems

Why Servotech Power Systems?
Servotech specializes in EV chargers, solar inverters, and energy-efficient solutions.
They’re already developing smart EV charging products that could easily upgrade to support V2G functionality.
Small-cap, high-risk, but big potential.

How V2G Technology Can Transform Indian Utilities

Today, Indian DISCOMs dread the EV wave because they fear overloaded grids.
But with V2G, they can actually use EVs as a backup energy bank, manage peak loads better, and integrate more solar and wind energy.

Policy suggestions:

• Incentivize daytime charging (solar hours).
• Reward EVs for sending back power during high-demand hours.
• Launch Time-of-Use (ToU) tariffs with lower daytime and higher evening rates.

If DISCOMs embrace this, India could leapfrog straight into a smarter, greener grid.

📈 Stock Opportunity: NTPC

Why NTPC?
NTPC is no longer just a thermal power company. It’s investing in green hydrogen, battery storage, and smart grid projects.
Its diversification into green energy makes it a natural player when V2G and distributed energy take off.

🌎 India vs Global V2G Technology: Quick Snapshot

Feature	Global (US, UK, Europe)	India (Current Status)
Bi-directional Chargers	Commercially available (CHAdeMO, ISO 15118)	Rare, mostly pilot stage
Regulatory Framework	Well-defined incentives and V2G tariffs	Under discussion by Central Authorities
Pilot Projects	100+ pilots (California, Netherlands, UK)	Very few (KSEB-IIT Bombay pilot)
EV Battery Readiness	EVs like Nissan Leaf, Ford F-150 Lightning support V2G	Indian EVs not yet V2G ready
Grid Infrastructure	Smart Grids + ToU Pricing	Traditional grids, upgrades needed
Payment for Power Sharing	EV owners get cash incentives	No incentives yet
Mass Adoption Timeline	2025–27 expected for large-scale rollouts	2028+ depending on pilot succes

“India may be late, but remember — late movers often leapfrog with better tech and policies.”

Conclusion: Why You Should Track V2G Technology Now

V2G Technology may sound niche today, but it’s the missing link between EVs and a renewable-powered future.
Countries are already paying EV owners for V2G services.
In India, as policies mature and pilot projects succeed, companies that have positioned themselves early — like Tata Power, ABB India, Exide Industries, Servotech Power Systems, and NTPC — could become the new energy kings.

Smart investors are always early.
Start tracking the V2G Technology trend before it becomes a full-blown market buzzword!

V2G Technology is the next big thing — and so are the stocks driving it!
Open a free Demat account with Angel One and start investing smartly today.

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FAQs on V2G Technology

Q1. What exactly is V2G Technology?
V2G (Vehicle-to-Grid) Technology allows EVs to both draw power from and supply power back to the electric grid using bi-directional chargers.

Q2. Is V2G Technology available in India?
India is currently in the pilot phase. Kerala has launched one of the first V2G pilot projects with IIT Bombay.

Q3. Which Indian companies could benefit from V2G adoption?
Tata Power, ABB India, Exide Industries, Servotech Power Systems, and NTPC are well-positioned to benefit.

Q4. How do EV owners earn money from V2G?
EV owners can get incentives or payments for supplying stored electricity back to the grid during peak demand.

Q5. What challenges does V2G face in India?
Major challenges include lack of bi-directional chargers, regulatory hurdles, grid upgrades, and variable renewable energy management.

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