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say if your brakes failed, then you could slowly engage (slowly pulling the lever) the e-brake to make the vehicle stop.
This would be the only thing you could do to bring the vehicle to a stop "safely".
So, in that sense, this is a emergency brake.
Yeah, when you have to stop at an uphill (lights, stop sign, whatever), ebrake helps a lot when start moving and not rolling backwards.
I believe newer vehicles with MT has something like hill assist to prevent rolling though.
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