The electric vehicle aftermarket is set for significant growth, with the market projected to reach $272.5 billion by 2030. This expansion is driven by the aging electric vehicle fleet and a rise in battery-centric maintenance and digital service ecosystems. Regulatory changes are improving access for independent repair shops, while technological innovations like AI diagnostics enhance service efficiency. New business models are emerging around battery diagnostics, software updates, and charging equipment maintenance, spurred by the rising EV adoption across various vehicle segments. These developments are leading to increased demand for aftermarket services, reshaping the balance between independent service providers and original equipment manufacturers (OEMs).

In other market news, CALB Group was a standout up 12.3% and closing at HK$36.50. Meanwhile, Vicor trailed, down 7.4% to close at $248.70.

Vicor’s advanced power delivery products capitalize on the rapid rise of AI and EVs. Explore Vicor’s strategic positioning and potential growth opportunities by clicking through to learn more.

Check out our Market Insights article titled “What’s Happening with Renewables & EVs?” where we revealed the evolving investment landscape and challenges hitting the electric vehicle sector—don’t miss it!

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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

• “Electric Vehicle Aftermarket Global Business Report 2026: A $272.5 Billion Market by 2030, Driven by Aging EV Fleet Growth, Battery-Centric Maintenance Models, Rise of Digital Service Ecosystems” from Research and Markets on GlobeNewswire (published 28 April 2026)

Companies discussed in this article include SEHK:3931 NasdaqGS:TSLA and NasdaqGS:VICR.