Are you prepared for the shift in auto-parts demand due to increasing sales of electric vehicles?

If you are an automotive parts maker, then this video will be relevant for you.
The Electric Vehicle Transition: Are You Equipped for the Auto Parts Demand Shift?
The automotive industry is undergoing a seismic shift with the rapid adoption of electric vehicles (EVs). As the transition from internal combustion engine (ICE) vehicles to electric vehicles accelerates, businesses involved in the auto parts sector must brace themselves for significant changes in demand.
The share of electric vehicles in total vehicle sales has seen a dramatic rise. From a modest 2% in 2018, the share increased to 18% in 2023, marking a nine-fold growth in just six years.
This rapid adoption is driven by advancements in battery technology, government incentives, and increasing consumer awareness of the environmental benefits of electric vehicles.
The phase-out of ICE vehicles is being planned by over 25 countries worldwide, excluding certain U.S. states such as California, Colorado, New Jersey, and the District of Columbia, which have their own phase-out plans.
Major original equipment manufacturers (OEMs) have also committed to phasing out ICE vehicles, with targets set for 2030 and 2040.
Components Under Threat
Several key components that are essential for ICE vehicles are at risk. These include the air intake manifold, alternator, cam followers, camshaft, carburetor, connecting rods, crankshaft, distributor cap and rotor, exhaust gas recirculation valve, engine bearings, engine block, exhaust system, fuel filters, fuel injectors, fuel pump, fuel tank, gaskets, ignition coils, oil pump, piston rings, pistons, pushrods, radiator, rocker arms, spark plugs, starter motor, tappets, timing belt/chain, turbocharger/supercharger, valve lifters, and valve springs.
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[@cihatfg]

Thanks

[@RubyByte]

Good observation. Buy short options on engine manufacturers by 2030 😂