Vehicle-to-Grid (V2G) technology allows electric vehicles to not only draw power from the electrical grid but also send power back to it. This bi-directional flow of energy can help stabilize the grid during peak demand times by using EVs as temporary energy storage units. For example, during a power outage or periods of high electricity demand, V2G-equipped EVs can discharge some of their stored energy to the grid, reducing the strain on power plants. V2G also benefits EV owners, as they may receive financial compensation for providing energy to the grid.
