Ford, Honda, and BMW create a new vehicle-to-grid company to help EV owners save money
Ford, Honda, and BMW create a new vehicle-to-grid company to help EV owners save money
EV owners will get “financial benefits” from peak charing recommendations.
The new company, ChargeScape, will create a platform that can be used by both utilities and EV owners to benefit from the expected surge in mobile batteries plugged into the grid.
I am imagining this scenario: “ChargeScape” will become the future “pharmacy benefit managers” between state and federal grid operators and power storage entities (ie, whether it’s from an EV or some independently owned array of storage cells).
They will handle and negotiate the deals between these 2 entities. You will have no say in this matter and “ChargeScape” will always be taking their % from the power YOU supplied to the grid.
The area you moved into has a number of fees and costs which make charging for the grid a loss operation? Too bad.
“Fuck you, pay me”
You didn’t charge your EV during the mandated time as laid out in the ChargeScape contract? Electrical company will now charge you a higher rate for that month to recoup costs of dealing with violation. Can’t afford it?
“Fuck you, pay me”
Didn’t meet the quota for the month? Here’s a violation fee for the month and an improvement plan has been generated. Failure to meet quota for 2 consecutive months results in higher rates. Can’t afford it?
“Fuck you, pay me”
they want to help EV owners? holy fuck..
Help them wear out their batteries faster...
This is the best summary I could come up with:
Ford, BMW, and Honda are joining forces to create a new vehicle-to-grid company that aims to help EV owners save money by sending energy back to the electrical grid.
The new company, ChargeScape, will “create a single, cost-effective platform connecting electric utilities, automakers and interested electric vehicle customers.” Through that platform, EV owners “earn financial benefits through a variety of managed charging and energy-sharing services never before possible with traditional gasoline-powered vehicles.”
The three automakers will each own an equal share of the new company, which is expected to ramp up operations starting next year, pending regulatory approval.
ChargeScape, they promise, will help simplify the logistics so individual automakers won’t have to negotiate a plethora of deals with utility providers.
And the same will hold true for people who own EVs: they will get to use the platform to determine when’s the most “grid-friendly” time to charge their cars through “flexible and managed schedules.” ChargeScape also plans to develop products to help EV owners share their vehicle’s energy with the grid during times of peak demand through vehicle-to-grid applications.
Seven major companies, including BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis, created a joint venture to build their own charging network in North America.
The original article contains 379 words, the summary contains 204 words. Saved 46%. I'm a bot and I'm open source!
Wow really across the automotive spectrum there. Imagining Ford, Honda, and BMW teaming up brings to mind a mental image of a a boisterous jocular bro, a kind warm hearted engineering student, and a sociopath who spits in your face and wanks off in front of you in the middle of a conversation, chatting in a room making a business deal. I'm not quite sure what to make of this.