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 trading, CALB Group (SEHK:3931) was trading firmly up 12.3% and finishing the session at HK$36.50. Meanwhile, Vicor (NasdaqGS:VICR) 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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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)

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