Toyota partners with Oncor to accelerate EV charging ecosystem | Jobs Reply

  • Toyota Motor Corporation (NYSE: TM ) Toyota Motor North America will collaborate with Oncor Electric Delivery, a Texas-based electric transmission and distribution company, on a near-vehicle-to-grid (V2G) pilot project.

  • V2G is a technology that allows vehicles to feed energy from their batteries back into the electrical grid.

  • The effort will be led by Toyota’s Electric Vehicle Charging Solutions (EVCS) team.

  • This collaboration with a public utility marks the first for Toyota in the United States around battery electric vehicles (BEVs).

  • Also read: Toyota offers Prius cost savings for customers who opt for software updates

  • The research aims to allow Toyota and Oncor to better prepare to support the expanding EV charging ecosystem in the United States.

  • The two companies have agreed to a research project that will use Oncor’s research and testing microgrid at its System Operating Services Facility (SOSF) in South Dallas.

  • Price action: TM shares were trading down 1.66% at $142.24 at last check on Thursday.

  • Image via company

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