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U.S. researchers unveiled a vehicle Thursday that could earn money for its driver instead of guzzling it up in gasoline and maintenance costs.

The converted Toyota Scion xB, shown at the annual meeting of the American Association for the Advancement of Science, is the first all-electric car to be linked to a power grid and serve as a cash cow.

“This is the first vehicle that’s ever been paid to participate in the grid—the first proof-of-concept vehicle,” Ken Huber, who oversees technological development at wholesale electricity coordinator PJM Interconnection, told AFP."

All-electric plug-in vehicle to grid v2g Toyota Scion xB

The chairman of PG&E, northern California’s largest utility is preparing for the onset of electric cars — soon

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Last month one of the leaders in providing enabling technology for the smart grid, GridPoint, Inc., conducted a public demonstration of their “smart charging” software. This took place at an EV conference sponsored by the Electric Drive Transportation Association.

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This month, the City of Newark, Delaware became the first electric utility in the US to use a car to store and provide power for the local electric grid.

The vehicle, which runs on electricity alone, is specifically designed to store energy and improve grid reliability. University of Delaware researchers helped develop the concept, called Vehicle-to-Grid (V2G). With the City of Newark's approval, the UD team is now conducting V2G testing at two outlets within the City's service territory.

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