Electrifying the aftermarket
It’s been a big week for the British automotive industry as the London Taxi Company opened the UK’s very first dedicated production facility for electric vehicles. Costing over £300,000,000 to build, the state-of-the-art factory is set to produce around 20,000 vehicles annually, with the potential to increase production to over 36,000 cars in the future. Given that our black cabs are now going electric, how long will it be until we all join the queue?
However, as we enter this new era of electric motoring, the aftermarket is under increasing pressure to keep up with the pace. Considering the number of new components, coupled with the ever-evolving nature of the technologies that go into electric vehicles, anticipating future customer demand for replacement parts could be difficult, to say the least!
Despite this, as the sector grows, this emerging market will present businesses across the automotive aftermarket with a real opportunity on which to profit. The questions is, however, what can these businesses do to prepare their operations for the challenges that lie ahead?