This New Charging System Lets Electric Cars Pay For Themselves By Selling Energy Back To The Grid

This New Charging System Lets Electric Cars Pay For Themselves By Selling Energy Back To The Grid
By Adele Peters.

If you buy a Nissan Leaf in the U.K. in 2018, you probably won’t ever have to pay to charge your new electric car.

Anyone who has a garage will be able to sign up for a new program through the energy company Ovo, which will install a special charger, and then manage charging. At “off-peak” hours, when fewer people are using electricity and the cost is low, the charger will fill up car batteries. When rates go up, the battery will switch to charging someone’s home or selling energy back to the grid.

“It provides an economic benefit for electric vehicle owners,” says Stephen Fitzpatrick, CEO of Ovo. “So they get more use of out of the vehicle that they’ve got parked in the driveway.”

Read more at Fast Company.

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