In 2030, car owners are projected to spend an average of 940 U.S. dollars on parts for internal combustion engine vehicles. This is 40 percent more than expenses for battery-electric vehicles, which are forecast to average 565 U.S. dollars. That same year, the battery electric vehicle market is projected to reach over 212 billion U.S. dollars.
Projected parts spending by car owners in the automotive aftermarket in 2030
(in U.S. dollars)
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McKinsey & Company. (September 23, 2021). Projected parts spending by car owners in the automotive aftermarket in 2030 (in U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1268441/car-owners-aftermarket-parts-spending-forecast/
McKinsey & Company. "Projected parts spending by car owners in the automotive aftermarket in 2030 (in U.S. dollars)." Chart. September 23, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1268441/car-owners-aftermarket-parts-spending-forecast/
McKinsey & Company. (2021). Projected parts spending by car owners in the automotive aftermarket in 2030 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1268441/car-owners-aftermarket-parts-spending-forecast/
McKinsey & Company. "Projected Parts Spending by Car Owners in The Automotive Aftermarket in 2030 (in U.S. Dollars)." Statista, Statista Inc., 23 Sep 2021, https://www.statista.com/statistics/1268441/car-owners-aftermarket-parts-spending-forecast/
McKinsey & Company, Projected parts spending by car owners in the automotive aftermarket in 2030 (in U.S. dollars) Statista, https://www.statista.com/statistics/1268441/car-owners-aftermarket-parts-spending-forecast/ (last visited December 22, 2024)
Projected parts spending by car owners in the automotive aftermarket in 2030 (in U.S. dollars) [Graph], McKinsey & Company, September 23, 2021. [Online]. Available: https://www.statista.com/statistics/1268441/car-owners-aftermarket-parts-spending-forecast/
