General Motors announced a software update enabling some electric vehicle owners to send power back to the electric grid, expanding their vehicle-to-home energy system. This allows EV owners to sell electricity to utility providers during peak demand, with GM sharing in the proceeds. Over 250,000 GM EVs in the U.S. already have this capability, which can power 120,000 homes for a week. GM is testing this technology with utility companies and aims to have over 52,000 EVs participating in grid-balancing by 2030, helping to stabilize the grid amid rising energy demands and extreme weather events.

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Tesla's $1.5T value dwarfs global automakers but faces challenges in EV sales and new tech bets.

Tesla's market cap nears $1.5 trillion, making it the 9th most valuable company globally and far surpassing traditional automakers like Toyota and Ford. Despite this, Tesla's EV sales growth is modest and lagging behind some competitors, with only a ...

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GM launches update letting EVs sell power back to the grid, aiding energy demand and grid stability.

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Tesla's $1.5T value dwarfs global automakers but faces challenges in EV sales and new tech bets.

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GM launches update letting EVs sell power back to the grid, aiding energy demand and grid stability.

More News (GM)

Tesla's $1.5T value dwarfs global automakers but faces challenges in EV sales and new tech bets.

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