Electric Vehicle Aftermarket Set for Rapid Growth by 2030
New York, Thursday, 18 September 2025.
The electric vehicle aftermarket is projected to expand from USD 97.98 billion in 2024 to USD 309.08 billion by 2030. This growth is fueled by technological advancements and regulatory shifts favoring sustainability.
Technological Advancements Driving Growth
The electric vehicle aftermarket (EVA) is witnessing transformative changes due to technological advancements in battery chemistry, power electronics, and digital services. These innovations are reshaping the EVA ecosystem, making it more efficient and appealing to consumers seeking sustainable options. The market is expected to grow from USD 97.98 billion in 2024 to USD 309.08 billion by 2030, reflecting a compound annual growth rate (CAGR) of 21.1% [1].
The Role of Consumer Preferences
Shifting consumer preferences towards sustainability and convenience are pivotal in driving demand for differentiated aftermarket offerings. Consumers are increasingly opting for electric vehicles (EVs) due to their lower maintenance costs and eco-friendly nature. This trend is evident in the rise of companies offering innovative aftermarket products, such as EVBASE, which provides a wide range of accessories tailored to EV owners [1][3].
Regulatory Framework and Economic Impact
Regulatory changes are significantly influencing the EVA landscape. Stricter emissions standards and vehicle recycling mandates compel organizations to innovate eco-friendly repair materials and sustainable protocols. Additionally, upcoming adjustments in U.S. tariffs on imported EV components are expected to impact supply chains and competitive dynamics, encouraging domestic manufacturing and vertical integration [1]. These changes not only drive innovation but also have broader economic implications, potentially leading to increased job creation in the manufacturing sector [2].
Future Prospects and Market Segmentation
The EVA market is segmented by component type, service type, sales channel, propulsion type, and vehicle type, providing a detailed analysis of each segment. Key growth drivers include advances in battery systems, charging systems, and drivetrain components. As the market evolves, companies like Robert Bosch GmbH and Denso Corporation are expected to play significant roles in shaping the future of the EVA industry [1].