Electric vehicle (EV) technology is used for many purposes in Ontario including passenger and commercial vehicles, rail, marine, aviation and more. The number of electric vehicles (EVs) on Ontario’s road is about to explode in the years to come. The demand of electricity use therefore would increase exponentially and electric utilities would have to find ways to store power in order to make a quick balance between the demand and supply of excess electricity. The EVs can play an indispensable role for grid storage through Vehicle-to-Grid (V2G) technology. The V2G power would allow grid charge the batteries of EVs and also draw power from them when demand exceeds supply. This welfare system would optimize transmission cost of the girds; allow EVs act as portable storage to address the foreseeable fluctuations of the need of energy in the cosmopolitan area. The bi-directional EV charging networks would act as brokerage system to optimize energy markets. Now, the question, are our grids and utility companies ready for this?
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