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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.

2021 Electrification Forecast Thumbnail

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

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Combine it with newly-released Joint E-commerce Trends and Outlook Forecast for even more insights into the evolving auto care industry. 

Download the EV and E-commerce executive summaries