Photo: A Mobility House customer using the company’s electric vehicle charging system in Munich. Credit: Laetitia Vancon for The New York Times
[The New York Times] Electric cars are more expensive than gasoline models largely because batteries cost so much. But new technology could turn those pricey devices into an asset, giving owners benefits like reduced utility bills, lower lease payments or free parking.
Ford Motor, General Motors, BMW and other automakers are exploring how electric-car batteries could be used to store excess renewable energy to help utilities deal with fluctuations in supply and demand for power. Automakers would make money by serving as intermediaries between car owners and power suppliers.
Millions of cars could be thought of as a huge energy system that, for the first time, will be connected to another enormous energy system, the electrical grid... [read on]
How Electric Car Batteries Might Aid the Grid (and Win Over Drivers)
Read the full story in The New York Times
"We want to unlock the full value of electric vehicle batteries"
Gregor Hintler, CEO, North America,
The Mobility House
This story by The New York Times underscores that the integration of EV batteries into the electrical grid could play a vital role in promoting renewable energy use and driving further EV adoption. For a deeper dive into this game-changing development, we highly recommend reading the full article in The New York Times.
Stay informed and join us in embracing a future where electric vehicles are not just modes of transportation but integral components of our energy infrastructure.