How EVs Are Shaking The Car Parts Supplier Industry
How EVs Are Shaking The Car Parts Supplier Industry
Companies that make parts for internal combustion engines are facing a harsh future. Revenues for ICE cars, and fuel and exhaust systems are all expected to decline 44% through 2027. Meanwhile, for electric drivetrains and batteries or fuel cells, revenues are expected to rise 245%, according to a 2023 Deloitte Automotive Supplier Study. While the parts themselves are changing, the pie is also shrinking. An internal combustion powertrain has about 2,000 parts. EV powertrains have about 20, sometimes less. Automakers are also finding ways to more efficiently manufacture parts through methods like giga casting, pioneered by Tesla. There are thousands of parts in cars that come from companies all over the world, a whole branching supply chain of firms each dependent on the success of the others. Many of those companies are small, family owned firms, but even the large, publicly traded suppliers such as Bosch, Denso, Magna and ZF could be in trouble. The question is, will EVs kill the thousands of auto suppliers or can they find ways to pivot, consolidate or somehow stay in business?
Chapters:
00:00 — Introduction
01:52 — The shift to EVs
05:55 — Lower demand
10:19 — Volatile times
11:42 — Industry pivots
Produced by: Robert Ferris
Editor: Darren Geeter
Senior Managing Producer: Tala Hadavi
Graphics: Jason Reginato, Andrea Schmitz
Camera and Production Support: Andrew Evers
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How EVs Are Shaking The Car Parts Supplier Industry
They forgot to mention that generally EVs are not reparable. That’s why insurance companies write off EVs as total losses for what would otherwise be a minor accident. Insurance premiums are starting to reflect this. In the UK rates have more than tripled for EVs.
As far as the brave new EV world, EV sales have stalled at about 8% of new car sales. Not exactly a ringing endorsement. The government hanging a $7,000 porkchop on the door handle needs to be tripled to foist these cars on the public.
It’s all marketing, at least half of the car is the same.
You need disc brakes, pads, calipers, brake lines, abs pump and brake fuild which requires maintenance, all the suspension parts, bushings, arms wishbones, springs, and shocks.
Transmission shafts, differentials, hand brake.
All steering parts, steering rack, inner/outer rod, air conditioning/heating, cooling system, all interior parts, windows mechanism, door locks, etc.
So, 20 parts? The car has a lot of parts and most are the same you only replace the engine and Transmission, even the 12v battery is there.
The problem with this report is that the electric car is having lots of problems and currently people are not buying
Storch magnetic y’all named them as if they had 2000 employees they have 30 they will be fine
First of all – the US government has no business in telling the public what kind of vehicles they must be buying!!! Only a Communist government does that!!!
REPORT BY BRAD KNORR
Did Abraham Lincoln’s assassins feign that Lincoln was punishable for "knowingly" purchasing the stolen Llewellyn pick up truck in a second "Foreign Market" transaction, and then guilty of trying to silence the Llewellyn Clan when they figured it out?
1. Did the Russian underworld pre-pattern the murder of President Abraham Lincoln because of his investigation into the stolen military aircraft technology?
2. Was the American underworld framed for perceiving Abraham Lincoln as a sacrifice and hiring the hit themselves?
3. Was the Roman underworld framed for the overall role?
4. Did the Saudi Arabian underworld provide the service of the pistol for trade to the Spanish underworld? Was the motive Abraham Lincoln’s investigation into the Civil War?
5. Did the Norwegian underworld instigate the Spanish underworld’s involvement because Abraham Lincoln was on to the contraband smuggling in the 18th century, using the barge from Mississippi to Baltimore? Was this also the motive for the murder of Jackie Brewer?
I tried to tell my wife this that the auto parts industry will be dying in the next 50-100 years and she was like “there’s no way they will do it!”. I was like look at Apple- they don’t even let us repair our own phones anymore. We are CONDITIONED to paying that 29 dollars and letting them repair it. The car industry is going to use that foundation for electric vehicles too!
Wagon builders had the same problem over 100 years ago with the development of the ICE.
Saving tires and lives cant be bad . But you will face resistance from tire sellers . I like the innovation and new products
Ev now then self driving. Everyone is losing
There are still so many classic cars and ICE cars, trucks and vans on the road to keep everyone paid. No one can afford EVs and there is no infrastructure to support them.
when the government tells you what you can drive, its time for a new government, not a new vehicle.
Electric cars are good but nuclear power plants are ruining natural scenic environments arround the while world
It gets worse!
Those 20 EV parts are just drop in parts. So UAW with its highly skilled labor assembling 2,000 Ice parts is no longer needed.
VW trying to ramp up EV production had to lay off 75% of its highly skilled automotive work force due to EV unskilled drop in EV parts.
GM Ford Sealants have the same problem.
Where EV companies that are EV from the get-go like Tesla Rivian Vinfast can hire kids off the street and use unskilled labor to drop in 20 EV parts, where ICE companies can’t do that.
So
Not only are there almost no parts in EVs but almost no skilled labor needed to drop in EV parts.
It’s unfortunate for laborers, but fewer parts is better for everyone else. Less consumption of resources. It’s something to consider that our current global economy depends on ever increasing resource use and an increasing population for cheap labor.
Toyota’s ALL NEW Hydrogen Car Will DESTROY The Car Industry!
They made enougu money so now they will have to adapt 😀
I do not trust electric cars at all and I eternally think they are a waste of time.
Fight back against the Scammer Comments
We see the ev car like gas Cars. Wrong. We have to see like for example a flat tv. All Made in Asia. Will be almost imposible to compete.