Electric vehicles could make you money

10.05.2011

New research has predicted that electric cars could make their owners money, as well as improving the UK power grid’s carbon efficiency.

Published by Ricardo and National Grid, the report lists two main ways that the vehicles can interact with the grid when their batteries are charging; demand side management, and vehicle-to-grid.

The former would give the owner a small return on zero investment, whereas the V2G could return as much as £8000 but with much greater investment.

Commenting on the publication of the report, Mike Edgar, Strategy Development Manager, said:

“National Grid is pleased to have been able to support this research project.

“This report will bring into focus a potential opportunity for the electric vehicle sector which, as it matures, may lead to a position where the balancing service contribution it can provide is both commercially viable and practical.”

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