Joint Electrification Forecast
When will EVs reach parity with internal combustion engines (ICEs)?
The Auto Care Association, in partnership with Automotive Aftermarket Suppliers Association (AASA), commissioned the 2021 Joint Electrification Forecast to provide our members with the insights needed to navigate these questions. We are committed to being the first place you go for industry views on how developments like EV adoption will impact the industry.
Made possible by the invaluable contributions of our research partners, this study was spearheaded by Strategy&, the strategy division of PwC, with contributors IHS Markit, IMR Inc., Schwartz Advisors, and YCP Solidiance.
All employees of Auto Care Association member companies are provided with a digital copy of the 2021 Joint E-commerce Trends and Outlook Forecast at no cost as a benefit of their membership.
In this study, readers will find:
- A complete projection of the growth of EV of new car sales and vehicles in operation (VIO) through the year 2045 under three scenarios: base, low, and high EV adoption;
- Projections on total BEV model count by vehicle class, showing how the popular SUV style is driving EV design as vehicle manufacturers provide more options;
- How EV affects the growth of aftermarket parts sales through 2030, 2035, 2040, and 2045; and
- How shops can offset projected service opportunities due to EVs with new opportunities created by EVs.
Auto Care Members
Not a member?
Seeking Industry Input in 2022 Outlook Study
The Auto Care Association released an industry-wide study to hear from businesses about their business outlook as the auto care industry heads into 2022. This study will provide valuable insights for a year-end wrap-up analysis of the association’s aftermarket industry data gathered throughout 2021 as well as provide insights heading into 2022 for a clearer snapshot of the state of the industry to its members.
The deadline to submit responses is Dec. 8, 2021.
Download the EV and E-commerce executive summaries
as delivered to attendees of AAPEX 2021 and sign-up to be the first to access the report when it goes live in early November.