Bidirectional Electric Vehicle (EV) Charger Market Size, Share and Trend Analysis, By Charger Type (V2G, V2H, V2V, V2L, V2X), By Current Type (AC, DC), By Software Type (Mobile Application), By Power Output, By Connector Type, By Propulsion Type, By End-Use, By Distribution Channel, and By Region, Forecast 2025-2032

Bidirectional Electric Vehicle (EV) Charger Market Overview and Key Insights:

The global Bidirectional Electric Vehicle (EV) Charger Market size reached USD 1,143.9 Million in 2024 and is expected to register a revenue CAGR of 20.3% during the forecast period. Rise in global electricity demand is a major factor driving the revenue growth of Bidirectional Electric Vehicle (EV) Charger Market.

According to the International Energy Agency (IEA), global electricity demand is projected to grow at an accelerated rate over the next three years, with an average annual increase of 3.4% through 2026.

In order to address electricity demand response, bidirectional electric vehicle (EV) charger is increasingly being utilized as backup power or mobile battery storage solutions for buildings and critical loads through Vehicle-to-Building (V2B) charging or contribute power to the grid via Vehicle-to-Grid (V2G) integration.

Market Driver:

Rising sales of electric vehicles (EVs) contribute to market revenue expansion of the Bidirectional Electric Vehicle (EV) Charger Market. Electric Vehicles (EVs) can receive energy (charge) from electric vehicle supply equipment (EVSE) and provide energy to an external load (discharge) through bidirectional (BiDi) Electric Vehicle (EV) charger. Also, it can enhance grid stability by supplying power back to the electrical grid during peak demand periods.

An increase in unit sales of electric vehicles (EVs) accelerated the usage of bidirectional EV charging. According to the International Energy Agency (IEA), In 2023, around 14 million new electric vehicles (EVs) were registered worldwide, increasing the total number of EVs on the road to 40 million. This represents a 3.5 million unit increase from 2022, reflecting a 35% year-over-year growth in electric vehicle sales.

Market Opportunity:

Rapid innovations in renewable energy integration are expected to fuel the revenue growth of the Bidirectional Electric Vehicle (EV) Charger Market. Governments in major economies are significantly supporting the use of clean energy, expanding clean technology supply chains to reduce dependence on non-renewable energy sources. Aligned with the United Nations (UN) directives, these initiatives aim to achieve reduce carbon emissions 45% by 2030 and reach net zero by 2050.

Bidirectional (BiDi) EV chargers can complement solar photovoltaic (PV) systems and distributed energy resources (DERs) by serving as a cleaner, more flexible alternative to diesel generators. A major proportion of consumers heavily rely on diesel generators during power outages and unexpected power failures. Bidirectional (BiDi) EV charger is strategically deployed in these areas to supplement local generation and serve as an emergency power reserve.

Advancement in thin-electrode Li-ion batteries is expected to change the landscape of Bidirectional Electric Vehicle (EV) Charger Market. Thin-electrode Li-ion batteries enable faster charging while maintaining energy efficiency. These batteries can charge in under 15 minutes, they currently have 20% lower energy density and twice the cost of thick-electrode alternatives.

The U.S. Department of Energy’s working on a research and development project eXtreme Fast Charge and Cell Evaluation for Li-ion Batteries (XCEL), to achieve a goal of 80% charge in under 15 minutes while ensuring 1,000-cycle durability over 15 years. These advancements will drive wider adoption of bidirectional EV charging, improving grid resilience, energy storage capabilities, and charging infrastructure efficiency.

Recent Trends:

Strategic developments in Interoperability of Bidirectional Charging (INBID) initiative are addressing key challenges in developing effective standards and interoperability frameworks for bidirectional EV charging. The International Energy Agency (IEA)’s INBID initiative aims to establish of ISO 15118-2X standard with an objective to ensure interoperability between bidirectional charging stations, vehicles and distribution grids.

This collaboration is a crucial trend in market as it solving a critical challenge in fragmented network of non-interoperable protocols and numerous grid code which is improving communication between power distribution companies and charging stations.

Restraints & Challenges:

Compliance and standards in Bidirectional Electric Vehicle (EV) Charging are expected hinder the market revenue growth. In order to commercially launch Bidirectional Electric Vehicle (EV) Chargers, a certificate of compliance such as Underwriters Laboratories (UL) 9741, 2231-2, 1741, and ISO 15118 is required, and it must meet the primary safety standards for both AC and DC EV bidirectional chargers. A stringent registration and compliance filing process, along with delays, results in increased overall costs, which can potentially restrain market revenue growth.

Moreover, managing cybersecurity risks associated with connected chargers is a major challenge in market. Cybercriminals may exploit vulnerabilities in data transmission between charging stations and the smart grid, compromising sensitive information such as user details, billing records, and energy consumption data. In December 2024, a major global automotive Original Equipment Manufacturing (OEM) company experienced a data breach and reported sensitive personal information of roughly 800,000 electrical vehicle owners across its brands. Unauthorized access to this data can result in privacy breaches and financial losses.

Charger Type Segment Insights and Analysis:

Based on the Charger Type, the Bidirectional Electric Vehicle (EV) Charger Market is segmented into Vehicle-to-grid (V2G), Vehicle-to-home (V2H), Vehicle-to-vehicle (V2V), Vehicle-to-load (V2L), and Vehicle-to-everything (V2X).

Vehicle-to-grid (V2G) segment contributed the largest revenue share in 2024. Increasing adoption of grid-integrated energy solutions and rising investments in smart grid infrastructure is a key contributor of revenue growth in 2024. V2G technology enables bidirectional energy flow which allows EV batteries to store excess energy and discharge it back to the grid based on real-time demand and supply conditions. This enhances grid stability, supports renewable energy integration, and provides cost-saving opportunities for EV owners.

Several key competitors are collaborating with power distribution companies to explore bidirectional power flow technology, which as a result is projected to fuel market revenue growth over the forecast period. On June 18^th 2024, Toyota collaborated with Potomac Electric Power Company to explore vehicle-to-grid (V2G) technology by gaining insights into EV owners’ charging behaviors and vehicle usage.

Propulsion Type Segment Insights and Analysis:

Based on the Propulsion Type, the Bidirectional Electric Vehicle (EV) Charger Market is segmented into Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Fuel Cell Electric Vehicles (FCEVs).

The Battery Electric Vehicles (BEVs) segment is expected to register a significant revenue share by 2032. Rapid adoption of Battery Electric Vehicles (BEVs) owing to government incentives such as tax benefits production linked incentive (PLI) contributing to fostering demand.  BEVs are fully electric and it can efficiently support V2G applications. BEVs provide cost savings for EV owners as a result automotive original equipment manufacturing (OEM) companies are increasingly investing in BEV-compatible bidirectional chargers.

End-Use Segment Insights and Analysis:

Based on the End-Use, the Bidirectional Electric Vehicle (EV) Charger Market is segmented into residential, commercial, utilities, and grid operators.

The residential segment expected to account fastest growth rate by 2032. The demand for home-based charging solutions is rising. Bidirectional charging, particularly vehicle-to-home (V2H) and vehicle-to-grid (V2G) capabilities enables homeowners to store excess energy, reduce electricity costs, and contribute to grid stability. Supportive government policies, such as tax credits, subsidies, and net metering incentives, are further accelerating the adoption of bidirectional EV chargers.

Additionally, the integration of renewable energy sources, such as solar PV systems, with bidirectional chargers enhances energy independence and sustainability. Technological advancements in smart home automation and IoT-enabled energy management systems are also enabling homeowners to optimize energy usage and participate in demand-response programs.

Geographical Outlook:

Bidirectional Electric Vehicle (EV) Charger Market is strategically segmented by geography to provide a comprehensive understanding of regional market dynamics. Discover demand analysis, emerging trends, and growth opportunities shaping market performance across different regions and countries.

North America Bidirectional Electric Vehicle (EV) Charger Market:

North America registered highest market share in the Bidirectional Electric Vehicle (EV) Charger Market. Strong government support for electric vehicle (EV) infrastructure is a key driver of growth in the North American Bidirectional EV Charger Market. The U.S. government is actively promoting market expansion through key initiatives such as the Alternative Fuel Vehicle Refueling Property Tax Credit and the National Electric Vehicle Infrastructure (NEVI) Program. These initiatives play a pivotal role in accelerating the adoption of Bidirectional Electric Vehicle (EV) Charger.

For instance, consumers who purchase and install an electric vehicle (EV) charger at their primary residence qualify for the 30C Alternative Fuel Vehicle Refueling Property Credit between January 1, 2023, and December 31, 2032. This tax credit covers 30% of the total cost, up to a maximum of USD 1,000 per charging port.

Moreover, California has introduced a bill mandating that all-electric vehicles (EVs) be equipped with bidirectional charging capabilities starting in 2027. In April 2024, Wallbox USA Inc. received a grant funding of USD 2.2 Million from the California Energy Commission for Phase 1 of their Bidirectional Residential V2X Demonstration Project. The companies plan to deploy ISO 15118-20 compatible bidirectional EV chargers at 120 residential sites across California. These developments are expected to generate substantial revenue growth by 2025.

Asia Pacific Bidirectional Electric Vehicle (EV) Charger Market:

Asia Pacific is expected to register fastest revenue growth by 2032. Increasing demand for Vehicle-to-Grid (V2G) Bidirectional Electric Vehicle (EV) Charger is accelerating revenue growth in China. Energy demand in China is rising at an exponential rate owing to a surge in energy demand from energy-intensive industries. According to data published by the National Energy Administration (NEA) of China, energy demand in China increased by 6.8% year-over-year in 2024, reaching a total of 9.85 trillion kilowatt-hours (kWh) for the year.

In order to meet the rising energy demand, On September 10, China’s National Development and Reform Commission (NDRC) collaborated with multiple government agencies to expand the Vehicle-to-Grid (V2G) initiative to help stabilize its overworked power grid.

A significant number Automotive Original Equipment (OEM) companies in this region are supporting a transition to net zero carbon emissions and exploring new revenue streams. For instance, In October 2024, Nissan Motor Co., Ltd. working on the development of affordable bi-directional charging on selected electric vehicles in 2026.

Moreover, In February 2025, Australian Renewable Energy Agency (ARENA) commissioned RACE for 2030 (RACE) initiative to define the key steps for achieving the commercial adoption of bidirectional EV charging in Australia. Australia is projected to have 300,000 V2G-capable EVs by 2030. As a result, the market in this region is expected to drive revenue growth owing to government tariffs and incentives that ensure consumers receive fair value for their investments.

Europe Bidirectional Electric Vehicle (EV) Charger Market:

Europe contributed a substantial revenue share in 2024. European Union (EU) action in reducing greenhouse gas emission is poised to revenue growth in this region. The European Parliament has made achieving net-zero emissions by 2050 legally binding, with an interim target of a 55% reduction in emissions by 2030.

European Union (EU) countries are promoting several schemes related to vehicle-to-grid (V2G) technology to reduce costs and help electric vehicles to facilitate the transition to renewable electricity in grids. According to the European Federation for Transport and Environment, vehicle-to-grid (V2G) technology has the potential to generate annual savings of USD 24 billion for the EU’s energy systems by 2040. This represents an 8% reduction in the cost of developing and operating the EU energy infrastructure. Over the period from 2030 to 2040, these savings could exceed USD 109 billion.

In September 2023, the Federal Ministry for Digital and Transport (BMDV) of Germany announced a subsidy program. Owners of owner-occupied residential buildings can apply for a KfW subsidy of up to USD 11015 (EUR 10,200) for a charging station, photovoltaic system, and battery. The maximum grant amounts to USD 10367 (EUR 9,600) while funding for a bidirectional overall system is 11015 (EUR 10,200).

Competition Analysis:

The Bidirectional Electric Vehicle (EV) Charger Market is characterized by fragmented, with major players competing across segments and regions. The list of major players included in the Bidirectional Electric Vehicle (EV) Charger Market report are:

• ABB Ltd
• Enphase Energy, Inc.
• Tesla, Inc.
• Enel Group
• Wallbox USA Inc.
• Solaredge Technologies, Inc.
• The Mobility House GmbH
• Fermata Energy
• Renault Group
• EON UK plc.
• Virta Global
• Corinex Corp.
• Driivz Ltd.
• Blink Charging Co
• Nuvve Corporation
• Indra Renewable Technologies Limited

Strategic Developments in Bidirectional Electric Vehicle (EV) Charger Market:

• On 21^st March 2024, BMW announced that the Neue Klasse will be its highly anticipated dedicated electric vehicle platform. The next-generation Neue Klasse EVs, scheduled for production in 2025, this will feature bidirectional charging capabilities, enabling them to store electricity, supply power to homes, or feed energy back into the grid.
• On May 20^th, 2024, Fermata Energy, Xcel Energy, the City of Boulder, Colorado CarShare, and Boulder Housing Partners announced a collaborative Vehicle-to-Everything (V2X) bidirectional charging pilot project. The initiative will integrate Fermata Energy’s intelligent bidirectional charging platform with four FE-20 chargers and two Nissan LEAFs from Colorado CarShare.
• On June 17^th, 2024, EVSE installation specialist Qmerit introduced PowerHouse by Qmerit, a comprehensive suite of residential electrification installation and integration services. This new offering simplifies the deployment of home electrification solutions, including bidirectional EV chargers for vehicle-to-home (V2H) emergency power, solar panels, energy storage systems, load centers, heat pumps, and other related technologies.

Key Advantages for Stakeholders:

Navistrat Analytics’ industry report provides an in-depth quantitative analysis of various market segments, historical and current trends, market forecasts, and dynamics within the global market. The historical years covered in this report are 2022 to 2023, with 2024 serving as the base year for market size calculations. The forecast period extends from 2025 to 2032.

The report includes an executive summary and a comprehensive overview of market drivers, restraints, opportunities, and challenges (DROC), along with insights into regulatory standards. It features detailed analyses such as PORTER’s Five Forces, SWOT, and PESTLE, as well as assessments of technological trends and the competitive landscape.

PORTER’s Five Forces analysis helps stakeholders evaluate the impact of new entrants, competitive rivalry, supplier power, buyer power, and substitution threats, enabling them to assess the level of competition and the attractiveness of the global market. The competitive landscape provides stakeholders with a clear understanding of the current market positions of key players, offering valuable insights into their competitive environment.

Scope And Key Highlights of The Bidirectional Electric Vehicle (EV) Charger Market Report:

The Bidirectional Electric Vehicle (EV) Charger Market report offers a detailed analysis of market size, including historical revenue (in USD Million) data for 2022-2023 and revenue forecasts for 2025-2032 across the following segments:

• Charger Type Outlook (Revenue, USD Million; 2022-2032)
  • Vehicle-to-grid (V2G)
  • Vehicle-to-home (V2H)
  • Vehicle-to-vehicle (V2V)
  • Vehicle-to-load (V2L)
  • Vehicle-to-everything (V2X)

• Current Type Outlook (Revenue, USD Million; 2022-2032)
  • AC Bidirectional Chargers
  • DC Bidirectional Chargers

• Software Type Outlook (Revenue, USD Million; 2022-2032)
  • Charging and energy management software
  • Mobile Application

• Power Output Outlook (Revenue, USD Million; 2022-2032)
  • Low Power (Less than 7 kW)
  • Medium Power (7 kW – 22 kW)
  • High Power (Above 22 kW)

• Connector Type Outlook (Revenue, USD Million; 2022-2032)
  • Combined Charging System (CCS)
    • CCS-1
    • CCS-2
  • Type 1 (SAE J1772)
  • Type 2 (IEC 62196)
  • North American Charging Standard (NACS)
  • CHAdeMO (Charge de Move)
  • GB/T

• Propulsion Type Outlook (Revenue, USD Million; 2022-2032)
  • Battery Electric Vehicles (BEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)
  • Fuel Cell Electric Vehicles (FCEVs)

• End-Use Outlook (Revenue, USD Million; 2022-2032)
  • Residential
  • Commercial
  • Utilities and Grid Operators

• Distribution Channel Outlook (Revenue, USD Million; 2022-2032)
  • Original Equipment Manufacturer (OEM)
  • Aftermarket
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million; 2022-2032)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Benelux
    • Nordic Countries
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
    • Oceania
    • ASEAN Countries
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Turkey
    • Rest of MEA

Frequently Asked Questions (FAQ) About the Bidirectional Electric Vehicle (EV) Charger Market Report