Figure 1: EV risk radar across production value chain

Rollover/touch chart for details

Usage

Capacity related issues

  • Large commercial EV fleets

Risk knowledge issues

  • Higher repair costs
  • Driver related risks
  • Lower salvage value
  • Higher collision severity
  • Lack of battery repair networks
  • Battery theft
  • Regenerative braking
  • EV fires/explosions
Transportation

Capacity related issues

  • High volume of EV transportation

Risk knowledge issues

  • Stowage in proximity
  • Shipping of second-hand EVs
  • Lack of fire protection codes for ships
  • Overcharging risks
  • Difficulties in EV identification onboard
  • Vapour cloud explosions
Construction

Capacity related issues

  • Large scale projects

Risk knowledge issues

  • Lack of construction standards
  • Prototype technology
  • Hurried innovation
  • Imported plant designs
  • Lack of experienced contractors
  • Competition to launch EV projects
Manufacturing

Capacity related issues

  • Large scale single line assembly process
  • Massive battery/EV storage layouts

Risk knowledge issues

  • Vapour cloud explosions
  • Lack of fire protection codes
  • Flammable materials
  • Lack of operation standards
  • Dust explosion hazards
  • Contamination risk
Disposal

Risk knowledge issues

  • Quality of recycled batteries
  • Workers’ training and safety
  • Environmental pollution liability
  • Fires and explosion
  • Battery storage practices

Lines of business impacted:

Property

Engineering

Motor

Casualty

Marine

Scope of EV risk landscape Part I

Scope of EV risk landscape Part II

Source: Swiss Re Institute