Auto Care Association, MEMA Aftermarket Suppliers Release 2024 Joint EV Trends and Outlook Forecast Report | PR Newswire [Video]

The two automotive aftermarket industry associations partnered to provide forecasts and analysis of the trends driving change in electrification.

, /PRNewswire/ — The Auto Care Association and MEMA Aftermarket Suppliers have released the 2024 Joint EV Trends and Outlook Forecast, providing insights into the evolving electric vehicle landscape to help the aftermarket industry navigate this dynamic sector. Unveiled at AAPEX, the report offers in-depth analysis and forecasts to support the industry adaptation to the continuing shift toward electrification. Research and analysis for the 2024 Joint EV Trends and Outlook forecast were contributed by PwC Strategy&, providing a comprehensive view of factors affecting the EV aftermarket.

Last year’s Joint EV Trends and Outlook Forecast report projected that the share of electric vehicles in operation in 2025 would be triple that of the share in 2023, and that the 2025 share would triple again by 2030 and continue to build momentum. However, …