BETHESDA, Md. — Slowly but steadily, electric vehicles (EVs) and Advanced Driver Assistance Systems (ADAS) are making inroads on the North American vehicle parc, according to S&P Global Mobility.
Brad Mayes, S&P's associate director, product management, provided some statistics during a recent Auto Care Association (ACA)-sponsored webinar that show both EVs and ADAS will be showing up more and more in aftermarket repair shops in the near future.
There has been a consistent decline in the number of internal combustion engine vehicles on the road, Mayes said during the webinar, "2023 Top Trends Shaping the Future of Parts and Services."
"As the model years go on, there is a pretty consistent decline from a growth-rate perspective, he said, noting that the number of vehicles in service declined marginally to 15 million in 2022 from 15.8 million in 2017.
Trends worth noting:
- The average age of vehicles in operation (VIO) has grown slowly over time — to 12.2 years in 2022 from 10.6 years in 2010;
- 5.4% of 2022-model-year vehicles on the road are battery-powered — an increase of around 16% compared with 2021-model-year vehicles;
- 8.8% of 2023-model-year vehicles produced in North America will be pure EVs and by 2030, EVs are forecast to reach 40% of vehicle production volume;
- There are roughly 650,000 2022-model-year EVs, compared with about 90,000 2017-model-year EVs — a seven-fold increase over five years; and
- EVs account for just 0.8% of the entire population of vehicles on the road in North America.
In regards to the growth of vehicle technology, the addition of adaptive cruise control features illustrates how ADAS is permeating the VIO in North America. Of note:
- 28.9% of 2016-22 model-year vehicles have adaptive cruise control;
- 61% of 2022 model-year vehicles have adaptive cruise control;
- Fewer than 7% of vehicles sold globally last year did not have at least a basic ADAS feature, such as rear park assist or a rear camera; and
- By 2028, about 100 million vehicles on the road are predicted to have adaptive cruise control.
