GM Energy is launching a monthly leasing program to make vehicle-to-home (V2H) charging hardware more affordable. (Axios)
GM sold 246K+ EVs with bidirectional charging capability last year, but the hardware to send power from your car back into your home runs $8K+ (or up to $27K bundled with battery storage) before installation.
The value prop: A typical home battery stores ~13.5kWh. Many EVs carry multiples of that, but only ~630K bidirectional-capable EVs are on US roads. GM Energy hopes offering a monthly lease will lower the barrier to adoption and further aid local grids.Â
Exact pricing won’t be announced until later this year—GM says it depends on the home’s electrical setup and local utility incentives.