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Navigating EV Adoption and Other Aftermarket Opportunities
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Discover the dynamic shifts reshaping the automotive industry with Carlos Thimann and Akshay Singh from Strategy& as they provide expert insights into the future of electric vehicle (EV) adoption and its impact on the market. With a forward-thinking lens, we promise you'll gain an understanding of how traditional internal combustion engine vehicles still offer growth opportunities for aftermarket suppliers, even as they prepare for an electrified future. Akshay shares invaluable advice on the necessary strategic investments for small to medium-sized shops transitioning to support EVs, underlining the critical balance between seizing present opportunities and gearing up for future challenges.
As we navigate the path towards 2045, we dissect the myriad factors influencing EV penetration. From vehicle economics and regulatory pressures to evolving consumer preferences and the development of charging infrastructure, our conversation integrates both quantitative data and qualitative insights. By investigating input from consumer surveys and industry stalwarts like S&P Global and IMR, we craft a holistic view of future EV trends. This episode equips automotive executives with the tools to project market dynamics, fostering informed decision-making in this rapidly evolving landscape.
The resilient and innovative spirit of the automotive aftermarket sector takes center stage, especially in the realm of EV repairs. While traditional components like brakes and suspensions remain the primary focus, there's a pivotal need for training technicians in high-voltage systems. Industry experts emphasize the importance of participation in events like AAPEX to stay abreast of emerging technologies.
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Chapters
1. Navigating EV Adoption and Other Aftermarket Opportunities (00:00:00)
2. EV Adoption Forecast and Trends (00:00:08)
3. EV Forecasting Best Practices (00:14:03)
4. Aftermarket Resilience and EV Repairs (00:27:38)
5. Automotive Aftermarket Resilience and Innovation (00:34:02)
6. Auto Care on Air Podcast Introduction (00:40:59)
50 episodes
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