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GM plans to equip its electric vehicles with technology that allows them to act as backup power sources for homes, expanding this feature to its entire Ultium-based lineup by 2026.
Introduction to the V2H Technology:
GM's electric vehicles will soon be used as home backup generators during power outages or peak demand times.
GM's vehicle-to-home (V2H) bidirectional charging technology will be extended to all Ultium-based EVs by 2026.
Importance of the Ultium Platform:
Ultium is GM's latest electric platform featuring a new battery design.
It forms the base for GM's future electric vehicle models and plans.
GM Energy and V2H's Significance:
Wade Sheffer, VP of GM Energy, emphasized that the V2H technology promotes GM's all-electric future vision.
Integrating V2H into all Ultium-based vehicles will offer more consumers its benefits beyond just driving.
Pilot and Implementation:
GM's V2H technology was first piloted with Pacific Gas and Electric Company in California.
Vehicles to first get this technology include 2024 Chevrolet Silverado EV RST, GMC Sierra EV Denali Edition 1, Chevrolet Blazer EV, Chevrolet Equinox EV, Cadillac Lyriq, and the upcoming Cadillac Escalade IQ.
GM Energy Business Unit:
GM Energy, launched in October 2022, is GM's new division focusing on energy products.
The unit offers stationary energy storage, solar energy (partnering with SunPower), and bidirectional charging technology.
Using the V2H Technology:
Customers will need the Ultium Home V2H Bundle to use the V2H feature.
This bundle consists of GM’s PowerShift Charger and a V2H enablement kit, all managed by GM's Energy Cloud software.
GM has not disclosed the pricing of these energy products yet.
Comparison with Tesla:
Currently, Tesla does not offer bidirectional charging.
GM's move into energy resonates with Tesla's trajectory, with GM's stationary storage system being similar to Tesla's Powerwall.
While Tesla's solar sales declined in Q2, its energy storage business thrives.
Other Competitors:
GM is following Ford's footsteps and adopting chargers like Tesla's.
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