Increased Safety and Reliability Is Needed with the Uptake in Global Electric Vehicle Adoption
Manufacturers and stakeholders must consider battery design, warranties, and standards that incentivize environmentally friendly practices to boost confidence in new battery technology
A new report from Guidehouse Insights analyzes the growing rate of electric vehicle (EV) and energy storage adoption, as well as developments in battery technology and the measures that regulatory bodies are taking to increase their safety.
Even in conservative estimations, EV sales are expected to experience aggressive growth by 2030. As a result, consumers, integrators, and policymakers are turning their attention to battery performance, with special consideration given to safety and risk. According to a new report from Guidehouse Insights, building confidence in the technology is contingent on battery technology that is reliable, cost-effective, and safe to transport, use, and dispose of.
“The market is being flooded with new battery chemistries, configurations, applications, and capabilities that all have the potential to be the leading solution for EVs and energy storage,” says Maria Chavez, research analyst with Guidehouse Insights. “As regulators and consumers try to take stock of the various options being introduced to the market, it becomes more difficult to assess the safety and reliability of these systems.”
In the report, recommendations for improved safety are made. These include battery design that facilitates reuse or recycling, flexible warranties tailored to a battery system’s intended ambient conditions, updated safety information, and standards for manufacturers that incentivize environmentally friendly practices.
The report, Key Developments in Battery Energy Storage Safety, discusses key trends in battery safety, including recent technological developments, battery chemistry profiles, and current initiatives to improve battery safety across the industry. The report recommends a multilayered approach for manufacturers, integrators, regulatory bodies, and policymakers. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Key Developments in Battery Energy Storage Safety, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.