Electric cars would reduce the demand for spare parts by 30%

Electric cars would reduce the demand for spare parts by 30%

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According to a study published by the firm Roland Berger, electric cars reduce the purchase of spare parts by 30%. A new deal to which automotive suppliers will be forced to adapt.

Me, I knew, when I was little, farriers. I even worked for a farrier. There is none left. They disappeared. This does not mean that civilization has regressed. That’s life…“, declared Jacques Chirac, a bit condescending, to evoke the closure of the Belgian factory of Renault in Vilvoorde. Could this quote soon apply to garages or automotive suppliers against the backdrop of the advent of the electric car?

The need for spare parts for electric cars down 30%

A transition to electric that will disrupt the market

In any case, this is what a study published by the analysis firm Roland Berger for’European Equipment Manufacturers Association, which explains that electric cars reduce the purchase of spare parts by 30%. Indeed, while electric cars now represent 10% of European registrations, their number is set to increase given the regulations imposed by Brussels and the end of the sale of new thermal vehicles from 2035.

The need for spare parts for electric cars down 30%

The parts related to the complexity of the internal combustion engine but also to the gearbox, the exhaust and the fuel intake, for example, are disappearing, which cuts their sales even further. The study estimates that spare parts turnover should thus fall by 13 to 17% by 2040 compared to 2019, depending on how quickly electric cars multiply on the European market.

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The need for spare parts for electric cars down 30%

Up to €15,000 to change a battery

This figure takes into account the catch-up that equipment manufacturers could achieve thanks to the demand for parts related to suspension and tires, the heaviness of electric vehicles accelerating their wear. Among the parts specific to electrics, the most expensive element to change will be the battery, with a lifespan of 8 to 12 years and a price that could remain high, ranging from 3,000 to 15,000 € depending on the model. This market could reach 4 billion euros in 2040 for electric and rechargeable hybrids, underlines the Roland Berger study.

The need for spare parts for electric cars down 30%

Moreover, if the electric motor, reputed to be reliable, will only represent a market of less than one billion, power electronics, which converts electrical power into driving force, could represent a market of 2 billion euros. Faced with this new situation, manufacturers may want to recover a share of the after-sales market, even though they had left up to 60% to subcontractors.

The need for spare parts for electric cars down 30%

Spare parts distributors and mechanics will have to adapt to this change. If the former could play an important role in the recovery and recycling of used parts, the latter will either have to train and invest in equipment, or… be confined to basic repairs on these new vehicles.

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At first glance, the consumer could welcome this fall in the need for spare parts, insofar as it reduces the cost of maintenance for electric vehicles; but ultimately, an entire value chain will be turned upside down, which raises several questions. When the EV market normalizes, will maintenance costs still be cheap? How will the concessions which ensured the maintenance of thermal vehicles, with sometimes high hourly rates, catch up?

The need for spare parts for electric cars down 30%

Another study carried out by the consultants of PwC Strategy& on behalf of the European Association of Automobile Suppliers (CLEPA) had pointed to a net loss of 275,000 jobs by 2040 within the European Union under the current automobile electrification policy. A figure taking into account new recruitments, particularly in software, manufacturing and assembly of battery cells, and which assumes that a competitive European battery industry will emerge… which is still far from being the case.

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