Now a days, energy system and environment are dealing with huge challenges. In perspective of energy and transportation, electric vehicles have gained great attention during the adoption process. The EV's when collaborated with smart grid provides great worth like energy security, promoting energy saving, emission reduction & preventing air pollution. As a result, the idea of Vehicle-to-Grid (V2G) implementation has recently emerged. V2G is a technology which has the capability for bi-directional transmission between EVs & electric gird to send & receive power when EV's are implemented grid. In order to overcome these challenges a model is proposed in MATLAB simulator considering the different generating sources implemented with EV and results are obtained with the help of simulation. Finally Smart grid considering all generative sources was designed and implemented with EV to finally get V2G implementation. Simulation results show that in order to bridge the gap between demand and generation, energy stored in the EV batteries plays a very important role. The MATLAB simulatorshows the 24-hour simulation of V2G system. Finally, benefits, disadvantages & future scope of V2G are also discussed.