IMR Research Shows Impact of EV Service at Independent Shops

IMR Research Shows Impact of EV Service at Independent Shops

IMR has released an update with new insight on its research on how battery and hybrid electric vehicle service is impacting independent repair shops.

Between June 1-30, IMR says it interviewed 500 independent repair shops in the U.S. to update its original findings from 2021 on trends relating to service exposure in independent repair shops to BEV and HEV vehicles.

Last year, IMR asked shops if they expected to see BEVs/HEVs impacting their business within the next 10 years – 55.1% answered yes. Now in 2022, 41.9% of shop owners expect that BEVs/HEVs will be impacting their business within the next two years. This is a significant change in mindset from the responses given in 2021.

As of 2022, 55% of independent repair shops indicate a portion of their business is from servicing battery electric vehicles, according to IMR. On average, 3.9% of total business is from BEVs and HEVs, making up about 5.9% of all shop business. Compared to 2021, shops are seeing a 0.8% increase in BEV and a 0.3% decrease in HEV service numbers.

IMR says larger shops with eight or more bays still report more BEV/HEV business (5.4% BEV, 7.7% HEV) than smaller shops with one to three bays (3% BEV, 4.3% HEV). In addition, smaller shops are engaging in less marketing of their service capabilities for BEVs/HEVs than larger shops, at 15.2%, compared to 43.2%.

With the ever-increasing amount of BEVs/HEVs on the road, only 27.5% of shops surveyed last year reported investing in tools/equipment to service BEVs/HEVs, says IMR.

Now, IMR says 42.4% have invested in the resources needed to service those vehicles. Similarly, 41.2% of shops invested in training for their technicians on BEV and HEV service/repair, compared to 30.5% last year.

You May Also Like

Wallbox appoints Luis Boada as chief financial officer

Boada has close to two decades of experience in corporate development, finance and investor relations in both North American and European markets.

Wallbox-Luis-Boada

Wallbox, a global provider of electric vehicle (EV) charging and energy management solutions in Barcelona, Spain, revealed that Luis Boada will join the company as chief financial officer, effective May 15.

Following a transition period, Wallbox also will propose the appointment of Jordi Lainz as a member of the board of directors during the 2024 Annual General Meeting of shareholders.

Lola joins forces with ABT for Formula E entry

The entry will use a powertrain co-developed by the British marque and technical partner, Yamaha Motor.

Lola-Yamaha-ABT-Formula-E
Yoshi Mobility plans to expand into EV charging, preventative maintenance, virtual inspections

The company is also commercializing its mobile EV charging platform to address challenges related to charging EV fleets.

Yoshi-Mobility-EV-charging-1400
LG Energy Solution’s $5.5B battery facility to be completed by 2026

LG Energy Solution said the cylindrical battery plant, called LG Energy Solution Arizona, will produce 46-Series batteries for EVs.

LGES_Arizona-Construction
MoveEV introduces new CTO

Lindsey Bleimes will oversee the technological advancement and expansion of the company’s flagship product, ReimburseEV.

Lindsey-Bleimes

Other Posts

European hybrid vehicle demand is on the rise

JATO Dynamics said the drop in consumer confidence in EVs has sparked a surge in demand for hybrid electric vehicles (HEVs).

HEV-stock-image
Do hydrogen car range records really matter?

The argument is not whether FCEVs can achieve longer ranges than BEVs, but whether it is needed.

highRes_bmw-ix5-hydrogen-hot-1400
UK found to be the most EV-suitable market in Europe

By going electric, British private and public sector organizations could reduce the TCO per vehicle by $16,341 over seven years.

Geotab-report
Global EV sales expected to increase by 21% in 2024

This represents a significant decline from growth rates of 31% in 2023 and 60% in 2022, ABI Research said.

Tesla-Model-Y-1400