Latest News In Electric Vehicles - Turbocharged Growth Ignites US Aftermarket Expansion

The U.S. electric vehicle (EV) aftermarket is projected to grow significantly, from $23.54 billion in 2024 to $99.19 billion by 2033, driven by a compound annual growth rate (CAGR) of 17.33%. This expansion is attributed to the increasing adoption of EVs, aging vehicle fleets, and heightened demand for components like batteries and charging stations. Technological advancements and initiatives by entities such as Bosch and ZF are further enhancing the aftermarket ecosystem. However, challenges such as high initial costs and battery recycling shortcomings persist. States like California and Texas are leading the charge in this rapidly evolving market landscape, supported by an expanding charging infrastructure and favorable legislation.

• Bosch (BSE:500530) last closed at ₹36,316.45 down 0.5%.

In other market news, Guangzhou Automobile Group (SHSE:601238) was a standout up 10% and ending trading at CN¥9.25. At the same time, LG Energy Solution (KOSE:A373220) lagged, down 6.8% to end the day at ₩408,000.

Bosch's market expectations may be too optimistic amid supply chain and regulatory challenges. Click here to explore the detailed narrative on Bosch's investment landscape.

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• QuantumScape (NYSE:QS) settled at $12.08 up 1.9%.
• Tesla (NasdaqGS:TSLA) finished trading at $426.58 up 1.7%. Three days ago, Tesla, alongside six other automakers, was sued for allegedly infringing on automated vehicle technology patents.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "United States Electric Vehicle Aftermarket Market Forecasts 2025-2033 by Replacement Parts, Vehicle Type, Distribution Channel, States and Company Analysis" from Research and Markets on GlobeNewswire (published 26 November 2025)

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