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The vehicle-to-grid market size is forecast to increase by USD 68.66 billion at a CAGR of 43.94% between 2023 and 2028. The electric power system market, specifically the segment focused on electric automobiles, is experiencing significant growth due to the increasing popularity of plug-in electric vehicles (PEVs) and plug-in hybrids (PHEVs). This trend is driven by advancements in electric vehicle (EV) battery technology, which is leading to longer driving ranges and faster charging times. Additionally, the expansion of charging infrastructure is crucial to the growth of this market. However, interoperability issues between different charging types and systems pose a challenge. Tata Power's Vehicle-to-Cloud (V2C) initiative is an example of innovation in this space, enabling bi-directional energy flow between the grid and electric vehicles. This market analysis report delves into the key growth factors and challenges shaping the future of the electric power system market in the context of the automotive industry.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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