To reduce development time and introduce technologies to the market more quickly, companies are increasingly turning to Model-Based Design. The development process - from requirements capture and design to testing and implementation - centers around a system model. Engineers are skipping over a generation of system design processes based on hand coding and instead are using graphical models to design, analyze, and implement the software that determines machine performance and behavior. This paper describes the process implemented in Autonomie, a plug-and-play software environment, to evaluate a component hardware in an emulated environment. We will discuss best practices and show the process through evaluation of an advanced high-energy battery pack within an emulated plug-in hybrid electric vehicle.