NEWS: Vehicle-to-grid integration could offer up to $7B in savings per year.

The details: This stat comes from a recent E3 study (funded by GM), which highlighted V2G’s potential to boost capacity and reduce the need for new transmission and distribution infrastructure. E3 estimated that these savings could arrive by 2030, according to market price forecasts and EV adoption predictions.

Where GM comes in: As we reported, the automaker is going all in on V2G by adding the capability to all its new EVs—and partnering with utilities on pilot programs. But for this to scale, GM emphasized, public-private collaboration is crucial.

While we’re here: In Massachusetts, Eversource and National Grid are testing V2G for residential customers through their demand-response programs. “Massachusetts is sitting on a large and growing energy reserve,” the companies said in a statement, noting that the state has over 150K EVs on the road.