^{E03 with Oliver Phillpott from Generational: Charged for Change – The Hidden Value of EV Battery Data}

Episode 3 of Auto Futurecast, hosted by Chris Kirby in association with Tomorrow’s Journey, Asset Finance Connect, and sponsored by Solifi, dives deep into the fascinating world of EV battery diagnostics. Joining Chris for this insightful discussion is Oliver Phillpott, Co-Founder and CEO of Generational. Together, they explore how battery health data is revolutionising EV valuation, reducing risk for financial institutions, and paving the path to a more sustainable future for electric vehicles.

This episode offers a fresh perspective on the challenges and opportunities that come with the rise of electrification, shedding light on critical innovations and emerging trends that are shaping the EV landscape.

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Rewriting the Rules of EV Valuation

Traditional vehicle valuation models rely heavily on age and mileage, but these methods fall short in assessing electric vehicles. Oliver highlights how EV battery health is governed more by charging behaviours than wear and tear, making standardised diagnostics an essential tool for accurate valuation.

The conversation uncovered unique challenges, like the risks financial institutions face without reliable battery data. Some lenders even avoid financing specific EV models due to concerns over unknown battery degradation. Generational’s battery health certification technology is bridging this gap, building confidence for both institutions and consumers.

Key Highlights from the Episode

1. Battery Health as the New Standard
   Legacy valuation methods are misaligned for EVs. Oliver stresses how behaviours like rapid charging and deep discharging impact battery health, making diagnostics a fundamental requirement for the industry.
2. Empowering Consumers and Dealers
   Generational’s battery certification tools are creating trust in the market, driving measurable benefits for dealers. These certificates, likened to MOT certificates for batteries, not only improve transparency but also triple advertisement views for used EVs.
3. Innovation in Leasing Models
   The future of leasing could include usage-based pricing, rewarding drivers with lower costs for battery-friendly habits like slow charging. This shift would encourage more responsible EV ownership while reducing costs for conscientious drivers.
4. A Thriving Reconditioning Market
   Oliver envisions an exciting future for used EVs, where healthy batteries are paired with updated components or software to extend lifespan and increase resale value. This would foster a secondary market that aligns with sustainability goals and EV adoption.
5. The Need for Industry Education
   Transparency and access to reliable battery data are foundational to building trust across the board, from financiers to fleet managers to individual buyers. Standardised diagnostics will be instrumental in supporting the widespread adoption of electric vehicles.

1. Battery Health as the New Standard
   Legacy valuation methods are misaligned for EVs. Oliver stresses how behaviours like rapid charging and deep discharging impact battery health, making diagnostics a fundamental requirement for the industry.
2. Empowering Consumers and Dealers
   Generational’s battery certification tools are creating trust in the market, driving measurable benefits for dealers. These certificates, likened to MOT certificates for batteries, not only improve transparency but also triple advertisement views for used EVs.
3. Innovation in Leasing Models
   The future of leasing could include usage-based pricing, rewarding drivers with lower costs for battery-friendly habits like slow charging. This shift would encourage more responsible EV ownership while reducing costs for conscientious drivers.
4. A Thriving Reconditioning Market
   Oliver envisions an exciting future for used EVs, where healthy batteries are paired with updated components or software to extend lifespan and increase resale value. This would foster a secondary market that aligns with sustainability goals and EV adoption.
5. The Need for Industry Education
   Transparency and access to reliable battery data are foundational to building trust across the board, from financiers to fleet managers to individual buyers. Standardised diagnostics will be instrumental in supporting the widespread adoption of electric vehicles.

‍

1. Battery Health as the New Standard

Legacy valuation methods are misaligned for EVs. Oliver stresses how behaviours like rapid charging and deep discharging impact battery health, making diagnostics a fundamental requirement for the industry.

2. Empowering Consumers and Dealers

Generational’s battery certification tools are creating trust in the market, driving measurable benefits for dealers. These certificates, likened to MOT certificates for batteries, not only improve transparency but also triple advertisement views for used EVs.

3. Innovation in Leasing Models

The future of leasing could include usage-based pricing, rewarding drivers with lower costs for battery-friendly habits like slow charging. This shift would encourage more responsible EV ownership while reducing costs for conscientious drivers.

4. A Thriving Reconditioning Market

Oliver envisions an exciting future for used EVs, where healthy batteries are paired with updated components or software to extend lifespan and increase resale value. This would foster a secondary market that aligns with sustainability goals and EV adoption.

5. The Need for Industry Education

Transparency and access to reliable battery data are foundational to building trust across the board, from financiers to fleet managers to individual buyers. Standardised diagnostics will be instrumental in supporting the widespread adoption of electric vehicles.

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Oliver and Chris paint a compelling picture of the future, where prioritising battery health reshapes valuation, trust, and consumer confidence in electric vehicles. Chris even joked about making battery certification a non-negotiable over coffee with his next EV dealer!

Get inspired by the impactful changes happening in the EV market. Listen to Episode 3 now on YouTube, Spotify, Apple Podcasts, or Amazon Music. (Links below)