The global vehicles-to-grid market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are increasing demand for charging stations, electric vehicles, and decentralizations of grids. In addition, encouragement from the government to switch to electric vehicles and income generation opportunities by sharing electric energy during peak loads are other key factors expected to drive demand for vehicles-to-grid, and support market revenue growth.
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