IAG heads up battery risk study as EV market grows
IAG will lead a global research project to “debunk misconceptions” about lithium-ion battery fires and establish guidelines for everyday use and storage.
The insurer says its collaboration with the Queensland University of Technology, EV FireSafe, Standards Australia and specialists from around the world will examine how batteries are managed in electric vehicles and micromobility devices.
The partners will investigate fire risks by looking at factors such as battery conditions, charging practices, exposure to weather and vehicle age.
Although electric vehicle fire risks have remained low, there has been a recent increase in blazes involving e-bikes and e-scooters. Earlier this year, the NSW government tightened standards on lithium-ion battery products following a record number of battery-caused fires.
IAG Research Centre head Shawn Ticehurst says the new project aims to ensure safety standards keep pace with the Australian electric vehicle market as it expands.
“With the growing availability of more affordable EVs, the number of Australians purchasing them is increasing rapidly, making it crucial to understand the key factors impacting battery health,” he said.
“This new project will help us educate Australians on the risks of lithium-ion batteries, including how they can fail due to incorrect use, damage or abuse. By developing practical safety guidelines, we aim to help everyone use and store these batteries confidently while minimising the risks.”
Queensland University of Technology’s Energy Storage Research Group has been assigned to manage delivery of the program.
Group director and associate professor Joshua Watts says the project “will establish frameworks informed by international best practice that are fit for purpose for Australian needs, to ensure the safe rollout of battery technology as we move towards our net zero emissions targets”.
From Insurance News magazine: The Swiss cheese defence – how cyber protection requires a many-layered approach