Revving Ahead: What are the Advancements in Aftersales Services for Electric Vehicles?
The automotive industry is undergoing a transformative shift, driven by a multitude of developments. Among these developments, the rapid increase in sales for vehicles with alternate powertrain technologies is particularly remarkable. Over the past 2-3 years, hybrids and fully electric vehicles (xEVs) have witnessed a remarkable surge in adoption. This uptick in sales is projected to culminate in a global vehicle population of approximately 80 million xEVs on the road by 2030.
The sheer scale of this projected vehicle population presents extraordinary aftermarket opportunities that have the potential to reshape businesses. From introducing new components into the replacement value chain to generating demand for innovative services, aftermarket stakeholders can tap into a wide array of engagements. However, this landscape also comes with its own set of challenges. Scarcity of skilled technicians, limited research and development for independent aftermarket manufacturers, and restricted access to critical information are just a few examples.
As we embrace this ongoing transformational journey, we would like you to deliberate upon the following questions:
• What initiatives is your organization implementing to tackle scarcity of skilled technicians and limited research for independent aftermarket manufacturers in the automotive industry?
• What steps is your organization taking to promote reuse and recycling of inoperable hybrid and electric vehicle batteries, and extend their value through aftermarket operations?
Let us guide you through your transformation journey by working collaboratively with the ecosystem community of companies for the mobility aftermarket. This journey is fuelled by four powerful components, ensuring your success in navigating industry changes:
Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our Think Tanks.
Join Frost & Sullivan's Growth Council and gain access to think tanks focused on the transformational growth strategies for the mobility aftermarket.
Designate your company as a Companies2Action to increase exposure to investors, new M&A opportunities, and other growth prospects for your business.