Guidehouse Insights Report Underscores the Need for Increased Safety and Reliability with the Uptake in Global Electric Vehicle Adoption | Financial Buzz

Guidehouse Insights Report Underscores the Need for Increased Safety and Reliability with the Uptake in Global Electric Vehicle Adoption

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.

About Guidehouse Insights

Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse

Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.

* 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.

Contacts

Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@guidehouse.com

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