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2Q 2023

Vehicle-to-Everything

Global Market Analysis and Forecasts of Vehicle-to-Everything Capable EVs and Bidirectional Charging Equipment: 2023-2032

As governments and companies make commitments to decarbonization, electrification of the transportation sector has become a priority. Vehicle-to-everything (V2X) has the potential to play an important role in this energy transition by allowing for the bidirectional transfer of power from an EV battery to another load source. The ability to utilize the growing number of EVs on the road as mobile and temporary sources of power creates opportunities for reshaping the energy system.

V2X is a recent development with only a few EV models currently having the capability to perform V2X applications. Some of those applications can be utilized using only a V2X-capable EV, while others require additional bidirectional charging equipment, power management systems, and even utility interconnections. Applications that require additional equipment are more complex to implement and will require more development before they become widespread in the market.

This Guidehouse Insights study provides an overview of the different applications of V2X by breaking down applications by their implementation complexity and by describing the required V2X-capable EVs and bidirectional charging equipment. It provides market forecasts from 2023 to 2032 for V2X-capable EVs and bidirectional charging equipment. V2X-capable EVs are segmented by light duty vehicles and heavy commercial vehicles, while bidirectional chargers are segmented into residential, destination, and fleet charging applications. Forecasts for the revenues associated with the hardware, installation, operation, management, and power management systems of bidirectional chargers are also included and segmented.

Pages 36
Tables | Charts | Figures 46
  • What are the key segments and latest developments in the V2X market?
  • What are the key forecasts for bidirectional residential, destination, and fleet charging?
  • What are the key forecasts for V2X-capable light duty and heavy commercial EVS?
  • What are the key forecasts for bidirectional charging technology revenue, across equipment, installation, operations, maintenance, and power management systems?
  • How will V2X deployments change for key world regions?
  • Vehicle OEMs and suppliers
  • EV supply equipment (EVSE) manufacturers
  • Network and software developers
  • Power management platform service providers
  • Utilities
  • Fleet operators
  • Industry associations
  • Investor community

1. Executive Summary

1.1    Introduction

1.2    Scope

1.3    Market Outlook

2. Market Issues

2.1    Introduction

2.2    V2X Applications

2.3    Market Drivers & Barriers

2.3.1   Low Complexity Applications

2.3.2   Medium Complexity Applications

2.3.3   High Complexity Applications

2.4    Bidirectional Charging Equipment

2.5    Drivers

2.5.1   Growth of EVs

2.5.2   Growing V2X Capabilities

2.5.3   Resiliency

2.5.4   Energy Cost Saving Opportunities

2.6    Barriers

2.6.1   Stakeholder Priorities

2.6.1.1    Stakeholder Priorities

      2.6.1.1.1   Vehicle OEM Priorities

2.6.1.2   Utility Priorities

2.6.1.3    EVSE Provider Priorities

2.6.1.4    Consumer Priorities

2.6.2   Standardization and Interoperability

3. Market Forecasts

3.1    Scope

3.2    Methodology

3.3    Key Assumptions

3.4    Results

3.4.1   Bidirectional Charging Equipment Market

3.4.2   Bidirectional Charging Equipment Revenues

3.4.2.1    Residential

3.4.2.2    Destination

3.4.2.3    Fleet

4. Conclusions and Recommendations

4.1    Conclusions

4.2    Recommendations

4.2.1   Coordination to Align Stakeholder Priorities

4.2.2   Consumer Education

4.2.3   Incentives

4.2.4   Reduce Interconnection Complexity

4.2.5   Standardization

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study

9. Sources, Methodology & Notes

  • Bidirectional Charging Equipment Revenue by Region, World Markets: 2023-2032
  • V2X-Capable EVs in Use by Vehicle Type, World Markets: 2023-2032
  • Bidirectional Chargers in Use by Application, World Markets: 2023-2032
  • Bidirectional Charger Sales by Application, World Markets: 2023-2032
  • Bidirectional Charging Revenues by Segment, World Markets: 2023-2032
  • Residential Bidirectional Charging Revenue by Segment, World Markets: 2023-2032
  • Destination Bidirectional Charging Revenue by Segment, World Markets: 2023-2032
  • Fleet Bidirectional Charging Revenue by Segment, World Markets: 2023-2032
  • Bidirectional Charging Revenue by Application, World Markets: 2023-2032
  • Bidirectional Charging Equipment Revenues by Segment, World Markets: 2023-2032
  • V2X Basics
  • Required Equipment for Medium Complexity V2X Applications
  • Regional Forecast Segments
  • Light Duty EVs in Use by Region, World Markets: 2023-2032
  • Heavy Commercial EVs in Use by Region, World Markets: 2023-2032
  • Chargers Deployed by Region, World Markets: 2023-2032
  • Charger Sales by Region, World Markets: 2023-2032
  • Non-Fast Charge Service Chargers Deployed by Region, World Markets: 2023-2032
  • Residential Chargers Deployed by Region, World Markets: 2023-2032
  • Destination Chargers Deployed by Region, World Markets: 2023-2032
  • Fleet Chargers Deployed by Region, World Markets: 2023-2032
  • Non-Fast Charge Service Charger Sales by Region, World Markets: 2023-2032
  • Residential Charger Sales by Region, World Markets: 2023-2032
  • Destination Charger Sales by Region, World Markets: 2023-2032
  • Fleet Charger Sales by Region, World Markets: 2023-2032
  • V2X-Capable EVs in Use by Region, World Markets: 2023-2032
  • V2X-Capable Light Duty EVs in Use by Region, World Markets: 2023-2032
  • V2X-Capable Heavy Commercial EVs in Use by Region, World Markets: 2023-2032
  • Bidirectional Chargers Deployed by Region, World Markets: 2023-2032
  • Bidirectional Residential Chargers Deployed by Region, World Markets: 2023-2032
  • Bidirectional Destination Chargers Deployed by Region, World Markets: 2023-2032
  • Bidirectional Fleet Chargers Deployed by Region, World Markets: 2023-2032
  • Bidirectional Charger Sales by Region, World Markets: 2023-2032
  • Bidirectional Residential Charger Sales by Region, World Markets: 2023-2032
  • Bidirectional Destination Charger Sales by Region, World Markets: 2023-2032
  • Bidirectional Fleet Charger Sales by Region, World Markets: 2023-2032
  • Bidirectional Charger Hardware Revenue by Region, World Markets 2023-2032
  • Bidirectional Charger Installation Revenue by Region, World Markets 2023-2032
  • Bidirectional Charger Operations Revenue by Region, World Markets: 2023-2032
  • Bidirectional Charger Maintenance by Region, World Markets: 2023-2032
  • Bidirectional Charger Power Management Revenue by Region, World Markets: 2023-2032
  • Bidirectional Charger Revenue by Application, World Markets: 2023-2032
  • Implementation Complexity of V2X Applications
  • V2X System Architectures
  • V2X-Enabled EV Deployment in the US
  • Costs per Bidirectional Charger by V2X Application
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