45-min EV webinar - watch on-demand now:
Electrification and the evolving risk landscape
As we charge towards the mandated end of the combustion engine, the risk landscape for automakers and their supply-chain partners will continue to evolve and disrupt at pace.
Global sales of Electric Vehicles (EVs) are set to increase from 10M in 2022 to 73M in 2040, according to Goldman Sachs Research and the International Energy Agency. In a market that is growing faster (+630%) than the ability of its supply chains to keep up, OEMs will face a paradigm shift in mitigating EV product safety challenges and handling defective battery incidents/crises.
According to Deloitte, “product quality” has become the leading factor driving EV purchasing decision across all global markets (with the exception of Japan). In fact, quality is now deemed more influential than price, range, charging infrastructure, and brand familiarity/trust among consumers.
The Boston Consulting Group caution of a narrow window of opportunity for OEMs to get ahead of the disruption. However, those who proactively identify and address evolving electrification and battery technology challenges (and dispel lingering consumer apprehension) will be best placed to capitalize upon the $135 billion of profit predicted from new EV sales (annually) by 2035.
During this short 45-minute session, our experts showcase:
- EV product safety and recall analysis over the past 5-years
- The root cause for battery thermal events, and mitigation strategies
- An assessment of battery thermal events and their unique hazards
- Advanced failure prevention and maintenance approaches leveraging software
- How to balance EV range predictions and consumer expectations
Register your details to access this essential insights session, and help protect your brand and bottom-line in this evolving risk landscape.