6: The Auto Parts Business
Electric cars clearly don’t require the same type of maintenance that gasoline-powered cars do. Teslas don’t need the internal engine parts lubricated until around 100,000 miles. This would mean that the need for replacement parts or even oil changes will be greatly reduced. What happens when an entire segment of the automotive business is put aside?
Routine maintenance on a vehicle is a very profitable business and one that continues to be an important part of the business. Electric cars are not only going to change the way that we drive but also the way that we perform routine maintenance and do-it-yourself car care.