Ford, BMW, and Honda are joining forces to create a new vehicle-to-grid company that aims to help EV owners save money by sending energy back to the electrical grid.

The new company, ChargeScape, will “create a single, cost-effective platform connecting electric utilities, automakers and interested electric vehicle customers.” Through that platform, EV owners “earn financial benefits through a variety of managed charging and energy-sharing services never before possible with traditional gasoline-powered vehicles.”

Read more here