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Hyperdrive Daily: EVs Feeding the Power Grid

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Photographer: Krisztian Bocsi/Bloomberg

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Welcome to the Hyperdrive daily briefing, decoding the revolution reshaping the auto world, from EVs to self-driving cars and beyond.

At VW’s ‘Power Day’ in March, an important announcement slipped largely under the radar. From 2022 onwards, new electric vehicle models from VW will support something called bi-directional charging. This means an EV can push power from the battery back up to the electrical grid – or to a home – and potentially be compensated for that service.