Ford Motor Co., American Honda Motor Co. and BMW on Tuesday said they are forming a new company called ChargeScape that will create a single platform to connect electric utilities, automakers and electric vehicle customers and manage energy usage across the U.S. and Canada.
The three companies said the platform will eliminate the need for individual integrations among each automotive brand and electric utility, and allow participating EV customers to potentially save money by charging at grid-friendly times.
Participating drivers will have the opportunity to share energy stored in their EV batteries with the electric grid at peak demand times through vehicle-to-grid applications.