Regulation as consumer protector makes sense to a point but is an economic double edged sword for sure. It’s difficult to have ones cake and eat it too.
It’s unclear what the “other edge” would be here. If it’s “cost”, then we must also factor the price of living in a society and the actuarial costs of life, limb, and property lost from the absence of regulation. After all, a life insurance policy can’t replace life.
By regulation, it might not only standardize battery tech and basic form factors as they mature (I’m thinking about Li-Po at the moment, but sodium-based storage coming online also applies), but it may also promote more stringent quality controls to be passed before a product is certified safe for use by the general consumer — whether nationally, multi-partite, or worldwide.
If anywhere there’s a strong case and sector to benefit right now from industry-wide, ISO-level technical standards and consumer-oriented regulation, it’s in rechargeable lithium tech and its ubiquity across everything from
automobiles to laptops to
pedelecs to
phones to
energy storage systems to vaping devices to
entire transport vessels transporting high concentrations of Li-Ion-based product.
At the moment, most of these rely on Li-Ion, not Li-Po or more recent lithium storage modes. To enact regulation is to hold manufacturers liable for established safety standards (as well as certifications, e.g., Underwriters Laboratories, granted for engineering to even higher standards). These carry over to improved quality control, so long as that regulation is checked and enforced internationally, nationally, and locally.
The
tl;dr point, of course, is industry compliance and international regulation is not only a way to reduce loss of life, limb, and property, but also to vet and standardize how to handle that energy storage medium in a way which is open, replicable, and certifiable as safe at all steps in expected handling and usage circumstances. Standardization and regulation, as with other areas, can improve competition and innovation around adjacent components. They can reduce proprietary, un(der)regulated products from being rushed to consumer use before a designer/manufacturer has certified overall safety (replete with established protocols for containment under typical circumstances in not just manufacturing, but also packaging, transporting, consumption, recharge, disposal, and so on).
As it is, standardization and industry regulation, beyond the fairly localized level, has mostly eluded lithium energy storage in ways which don’t tend to fly with other concentrated energy media known to harm life when left poorly regulated in extraction, refinement, transport, storage, and containment. These includes not only petroleum, but also fissile ores and the handling of hydrogen for fuel cell applications.
(If it isn’t apparent somehow, I’ve not been happy about lithium tech being played fast and loose for as long as it has.)