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Electric vehicles (EVs) are becoming increasingly recognized as an effective solution in the battle against climate change and reducing greenhouse gas emissions. Lithium-ion batteries have become the standard for energy storage in the automobile industry, widely used in EVs due to their superior characteristics compared to other batteries. The growing popularity of the Vehicle-to-grid (V2G) concept can be attributed to its surplus energy storage capacity, positive environmental impact, and the reliability and stability of the power grid. However, the increased utilization of the battery through these integrations can result in faster degradation and the need for replacement. As batteries are one of the most expensive components of EVs, the decision to deploy an EV in V2G operations may be uncertain due to the concerns of battery degradation from the owner’s perspective.