Navigating the road ahead: Effective risk management strategies for electric vehicles: A Review

Electric vehicles came into market during early 1900’s in the United States of America. But due to the high demand of IC engine powered vehicles along the country the demand for these EV’s reduced drastically. After the sudden increase in the price of fuel and other gasoline costs, slowly the concept of electric vehicles rose again in the automobile sector. The range of these Electric vehicles was very less as compared to the recent times. Batteries are the most important component of any electric vehicle. In this review, it is shown how batteries become a part of our life way quicker than we expected and also discussed their disadvantages along with their mitigation. Protection. Over 130 years of development and improvement have resulted in standards for LIB(Lithium-ion battery) and EV(electric vehicle). Due to problems related to the batteries in EV'S there is a very large potential threat to the existing as well as new vehicles which are manufactured. The primary issues inside the electric vehicles are related to the battery module itself as it contains elements and components which are highly flammable as well as toxic to the environment. Furthermore, a sustainable mode of transport for the people while keeping them as well as others safe is also discussed in the paper. At last, it is inferred areas of strength for that approach is expected to comprehend and deal with the dangers connected with the EVs to guarantee protected transportation with legitimate comprehension of the dangers. The review focuses on all the EVs of all segments. Additionally, this paper will provide the readers with the measures to reduce the chances of risk and other related accidents which are possibly there in EVs currently. The approach towards a better, cleaner and technology driven future is on the track and these factors would be directly contributing towards all these goals which are to be achieved in the future.