Your browser may block some cookies by default. By clicking, you agree to allow our advertising partners to place their cookies and serve you more relevant ads. Visit our privacy policy page to view our privacy policy or opt-out.
pexels-photo-196666-1502725410093-1502725412339.jpeg
Source: picjumbo.com/Pexels

How Drivers Can Earn Money Just By Parking Their Electric Cars

By Brian Spaen

Today, it's becoming more and more common for people to make extra money by using their car for a second purpose. Driving with a rideshare service, such as Uber or Lyft, is particularly common, as it gives drivers a way to make money on a car that is otherwise sitting in their driveway. Interestingly, electric vehicles can generate some extra money without even needing to move. That's right: Thanks to the Parker Project, owners can now park their cars at charging stations to generate some extra power and some cash. How does this work? Excess power that goes back into the grid can give owners thousands of dollars per year.

Nissan Motors is working with electricity and gas company Enel Energia to monitor supply and demand with electric vehicles in Denmark. There have been concerns that a surge in electric vehicles could impact electrical grids. With too much energy being drawn out as more and more cars are charging up, it could cause blackouts. This spawned the Parker Project.

Based on Bloomberg’s projections, electric vehicles will surpass internal combustion engines in 2038. Looking at it from a different perspective, there will be a demand of “1,800 terawatt-hours in 2040 from just 6 terawatt-hours now.” That’s a stunning growth of 300 times the current amount.