Plug-in Vehicle

Here's a term you're going to hear much more often: plug-in vehicle, and the acronym PEV. It's what you and many other people will drive to work in ten years and more from now. At that time, before you drive off in the morning, you will first unplug your car - your plug-in vehicle. Its big onboard batteries will have been fully charged overnight, with enough power for you to drive 50-100 kilometres through city traffic. When you arrive at work, you'll plug in your car once again, this time into a socket that allows power to flow from your car's batteries to the electricity grid. One of the things you did when you bought your car was to sign a contract with your favourite electricity supplier, allowing them to draw a limited amount of power from your car's batteries should they need to, perhaps because of a blackout, or very high wholesale spot power prices. The price you get for the power the distributor buys from your car would not only be most attractive to you, but it would also be a good deal for them too, their alternative being very expensive power from peaking stations.