Everyday Electric Acquired Smartcar for EV Charging
The purchase aims to integrate electric vehicles into home energy grids to help boost household savings.
Updated on Oct. 11, 2026 in Electric Vehicles
Live Poll
Do you trust that residential energy management systems effectively lower your monthly household bills?
Everyday Electric, formerly known as Renew Home, has acquired the vehicle-connection platform Smartcar to expand its residential energy management operations. The move integrates Smartcar’s software with existing virtual power plant services.
Why it matters
The acquisition aims to leverage vehicle-to-grid technology to help deliver an estimated $5 billion in household savings over the next five years. It expands the capacity of residential energy management systems by connecting electric vehicles directly to utility programs.
Everyday Electric currently manages a virtual power plant with 6 gigawatts of flexible capacity across the United States. The company plans to reach $5 billion in total household savings over the next five years.
The players
Everyday Electric
Formerly known as Renew Home, this company operates a residential virtual power plant that manages 6 gigawatts of capacity across the United States.
Smartcar
This platform provides software-based automotive connectivity, allowing vehicles to link with energy programs without extra hardware.
The details
Smartcar enables vehicles to connect to energy and mobility companies without requiring additional hardware, allowing for managed charging through utility programs. Everyday Electric will integrate these automaker partnerships into its existing residential virtual power plant operations. Existing services for current Smartcar customers will continue without interruption as staff and platforms transition to the new parent company.
Timeline
Everyday Electric has set a goal to deliver $5 billion in savings over the next five years.
The Home Front
The acquisition reflects a broader shift toward integrating home energy systems with electric vehicle charging to optimize grid stability. This move marks a departure from traditional home energy management by directly incorporating automotive software into residential power ecosystems.
If you are a Smartcar user, you do not need to take any action as services will continue without interruption. Keep an eye on your utility provider’s residential energy programs, as these initiatives may soon offer more robust integration options for charging your vehicle.
The takeaway
This merger signals an increasing focus on turning home electric vehicles into active participants in household energy management. Consumers should monitor their utility accounts for new incentives related to managed charging as these technologies scale.
Further reading
Learn more about the latest innovations in Electric Vehicles.
Source note: This article includes information reported by Coverager - Insurance news and insights.
Live Poll
Do you trust that residential energy management systems effectively lower your monthly household bills?
