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Monday, 04 January 2021 19:50

The Rise of the Electric Vehicles

Written by
Rivian R1S Rivian R1S Jeff Johnson

Index

...that will occur as more and more electric cars enter the U.S. fleet:

 

  • OE factories and suppliers will change dramatically. Suppliers for internal combustion engine components and gasoline fuel systems will be greatly reduced or eliminated. This will eliminate jobs for some while creating many new jobs for new electric drive components.
  • New, technology-based vehicle manufacturers will emerge, like Lucid and Rivian.
  • Conventional dealer-service department business will decline dramatically, as much as 35%, as will services performed by independent mechanical repair facilities. Of course, the attendant parts sales from both dealers and aftermarket will decline and shift focus over time.
  • Repair and diagnostic processes will change dramatically. Following OE repair procedures will be absolutely crucial---not only to perform a proper repair, but to ensure the physical safety of the technician.
  • Vehicle owners will be buying subscriptions for software updates much like they buy extended mechanical warranties today.
  • The number of repair facilities, both mechanical and collision, will decrease as the EV fleet increases due to the knowledge, training and tooling necessary to properly repair these vehicles.

 

Three key electric OE’s to watch, and the three featured in the CIC panel discussion, are Lucid, Rivian and Audi.

 

Lucid

 

Lucid was founded in 2007 under the name Atieva, originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. The company rebranded itself as...


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