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Automotive EV component market growth

Overview

Forecasts released in August 2026 show rapid expansion across several automotive segments tied to electric-vehicle (EV) adoption and stricter emissions rules. The exhaust-system market is projected to rise from US$63.14 billion in 2025 to US$113.09 billion by 2034 (CAGR 6.69%), with Europe expected to hold a 42.47% share in 2025. Parallel forecasts predict the vehicle-to-grid (V2G) market to jump from US$6.27 billion in 2025 to US$658.4 billion by 2035 (CAGR 26.5%), driven by bidirectional charging infrastructure and renewable-energy integration. Heavy-duty electric trucks are a primary driver of growth, with the global market projected to reach approximately $37.95 billion by 2030 (CAGR 45.2%). While China has enabled manufacturers to scale production, European adoption is influenced by CO2 standards and recent EU amendments. In the UK, the government has announced a $267.04 million investment to accelerate zero-emission truck deployment and charging infrastructure. Updated research from the Fraunhofer Institute for Systems and Innovation Research (ISI) and the International Council on Clean Transportation (ICCT), titled ‘Spatiotemporal Analysis of Electric Truck Charging Demand in Europe’, provides detailed projections for European electricity demand. Under supportive political frameworks, annual charging demand for electric trucks could reach approximately 100 TWh by 2035 and exceed 200 TWh by 2045. Germany is expected to see the highest demand, potentially reaching 43 TWh by 2045, followed by France, the United Kingdom, Spain, and Italy. Demand is expected to be highly concentrated, with just 10% of areas potentially accounting for 60% to 90% of total energy needs. While depot-based charging is expected to remain dominant—accounting for 70% to 80% of total consumption in most scenarios—public on-route charging will remain vital for long-distance transport, potentially representing 30% to 50% of demand in some smaller transit countries. Experts warn that grid planning must prioritize these high-demand logistics centers, industrial hubs, and freight corridors.

Entities

International Council on Clean Transportation · Fortune Business Insights · France · Volvo Trucks · European Union

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. [TECHNOLOGY] 2 sources
    Europe electric truck charging demand to reach 200 TWh by 2045

    A study predicts European electric truck charging demand will reach 200 TWh by 2045, concentrated in major logistics hubs and freight corridors across Germany, France, the UK, Spain, and Italy.

  2. [TECHNOLOGY] 13 sources
    Europe electric truck charging demand could exceed 200 TWh by 2045

    A Fraunhofer ISI and ICCT study predicts European electric truck charging demand could exceed 200 TWh annually by 2045, with Germany, France, and the UK leading the requirement.

  3. [BUSINESS] 3 sources
    Electric truck market projected for global surge by 2030

    Electric truck adoption is expected to surge by 2030 as costs fall. New hybrid connector technologies aim to help existing diesel fleets utilize electric highway infrastructure.

  4. [BUSINESS] 2 sources
    Global Heavy-Duty Electric Trucks and Brake Pads Markets to Grow Rapidly by 2034

    Heavy‑duty electric trucks could hit $101 bn by 2034 (CAGR 27.1%) and brake pads $6.7 bn (CAGR 5.7%), spurred by electrification, AI and tighter emissions rules.

  5. [BUSINESS] 3 sources
    Global Automotive Market Forecasts Show Strong Growth in Exhaust Systems and Vehicle‑to‑Grid Sectors

    Forecasts show the automotive exhaust‑system market reaching $113 bn by 2034 (CAGR 6.7 %) and the vehicle‑to‑grid market soaring to $658 bn by 2035 (CAGR 26.5 %), driven by EV growth and bidirectional charging.

Sources

ad-hoc-news.de · allgaeuer-zeitung.de · apollo-news.net · dreamnews.jp · drweb.de · evere.co · fehmarn24.de · finanzen.net · highways.today · lebensmittelpraxis.de · marketsandmarketsblog.com · movilidadelectrica.com · onetz.de · presseportal.de · pressnetwork.de · saarbruecker-zeitung.de · schlaunews.de · smartgridsinfo.es · socialbee.com · theicct.org · transportandenergy.com · ttnews.com

This summary has been updated 6 times: see revision history