Electric car owners could soon save hundreds of pounds on their energy bills under new two-way charging technology plans.
Electricity stored in their EV’s could soon be used to power home appliances such as fridges and washing machines.
The new infrastructure is being developed using Government funding and will help families struggling with the cost of living crisis.
Amanda Solloway, Minister for Affordability and Skills said the technology could save households “hundreds of pounds” every year.
She said: “The prospect of families being able to store energy on their doorstep in electric vehicles and use it to power their homes is incredibly exciting.
“This is exactly the sort of ingenuity and creativity that makes the UK one of the world’s most innovative nations.
“By backing this technology, we could save families hundreds of pounds a year, while also supporting jobs, investment and growth.”
Homeowners will be able to power their homes as a result of bidirectional charging tools and Vehicle-to-Everything (V2X) technologies.
This will allow electricity stored in a vehicle’s battery to flow back into the grid or back into a home.
This extra electricity can then be used to power other devices free of charge.
Businesses can also benefit from the technology by storing electricity in their fleets and using it to power their operations later on.
The Government stresses this will also help make it easier to rely on renewable technologies such as solar panels, with less need for fossil fuels.
Four new projects have received a staggering £4.8million worth of investment to support the testing and implementation of the project.
Anthony Browne, Transport Minister for Technology and Decarbonisation said the new tool was the “next step” for charging.
He explained: “We’re continuing to support drivers, and this innovative new development is the next step in levelling-up our charging technology, which will benefit many households across the country.
“This government has already spent over £2 billion in the transition to electric vehicles and our charging network is growing at pace, with 44 percent more public chargepoints than this time last year, meaning drivers can charge more easily than before.”
