Recently, researches about the eco-friendly vehicles such as hybrid electric vehicle, fuel cell vehicle and electric vehicle have been actively carried out. The regenerative braking system is a key technology to improve the vehicle energy utilization efficiency because it transforms the kinetic energy to the electric energy through the electric motor. This new braking system requires cooperative control between electric controlled brake and regenerative brake. Therefore, it is necessary to establish fault-diagnosis and fail-safe evaluation criteria to secure reliability of the regenerative braking system. In this paper, the failure types and causes in regenerative braking system were analyzed. The transient behavior characteristics were examined based on fault-diagnosis and fail-safe upon failure of regenerative braking system.