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This paper studies the bi-directional power flow control between Plug-in Electric Vehicles (PEVs) and an electrical grid. A grid-tied charging system that enables both Grid-to-Vehicle (G2V) and Vehicle-to-Grid (V2G) charging/discharging is modeled using SimPowerSystems in Matlab/Simulink environment. A bi-directional AC-DC converter and a bi-directional DC-DC buck-boost converter are integrated to charge and discharge PEV batteries. For AC-DC converter control, Predictive Current Control (PCC) strategy is employed to enable grid current to reach a reference current after one modulation period. In addition, Phase Lock Loop (PLL) and a band-stop filter are designed to lock the grid voltage phase and reduce harmonics. Bi-directional power flow is realized by controlling the mode of the DC-DC converter. Simulation tests are conducted to evaluate the performance of this bi-directional charging system.