The Future is Electric: How EV's will disrupt the Automotive Aftermarket in 2023

The Future is Electric: How EV's will disrupt the Automotive Aftermarket in 2023"

by Matt Hammond on January 18, 2023 Categories: Blog

The automotive industry is going through a major shift, and it's clear that electric vehicles (EVs) will play a significant role in shaping the future of the industry. In particular, the aftermarket will see a major change as a result of this shift.

First and foremost, the maintenance needs of EVs are vastly different from those of traditional gasoline-powered vehicles. With fewer moving parts and no internal combustion engine, EVs require less frequent maintenance and repairs. This means that traditional aftermarket services such as oil changes and engine repairs will become less necessary.

However, this doesn't mean that the aftermarket will become obsolete. Instead, it will shift its focus to other areas such as battery maintenance and software updates. As EVs continue to gain popularity, we will see an increase in demand for EV-specific parts and services. This will create new opportunities for businesses in the aftermarket to capitalize on.

Additionally, the shift to EVs will also have a significant impact on the way we think about car ownership. With EVs, it will be more cost-effective for consumers to lease or subscribe to a vehicle rather than own one outright. This will change the way aftermarket services are provided and consumed, as consumers will have less of a vested interest in maintaining their vehicles long-term.

In conclusion, the shift to EVs will undoubtedly bring about significant changes to the automotive aftermarket in 2023. While traditional services may become less necessary, new opportunities will arise for businesses to capitalize on. The aftermarket will have to adapt and evolve to meet the changing needs of consumers and the industry.