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Writer's pictureBaba Mulani

The Market Growth of EV Conversion




The electrification of vehicles has been one of the most talked-about topics in the automotive industry for a while now. The benefits of electric vehicles (EVs) are clear - they emit no tailpipe emissions, require less maintenance, and offer a quieter, smoother ride. However, despite these benefits, 'EV conversion' or 'electrification kits' have not yet picked up the market to the expected level. Here are some of the reasons why:


Cost:

The cost of EV conversion or electrification kits is one of the biggest barriers to entry. For many people, the cost of converting a ICE powered vehicle to an electric one is simply too high. The cost of the conversion kit, plus the cost of installation, can easily run into a significant amount. This makes it difficult for the average consumer to justify the expense.


Limited Availability:

Another issue facing the EV conversion market is the limited availability of conversion kits. While there are some companies offering conversion kits, they are still relatively few in number. This limits the choices available to consumers and can make it difficult to find the right kit for their specific vehicle.


Technical Challenges:

The conversion of an ICE vehicle to an electric one is not a simple process. It requires a great deal of technical expertise and specialized equipment. It can be challenging for many consumers to locate a qualified company to carry out the conversion, which can result in them feeling uncomfortable about the process.


Range Anxiety:

One of the biggest concerns for consumers considering an EV conversion is range anxiety. Many people worry that their converted vehicle will not be able to travel far enough on a single charge to meet their needs. While the range of EVs is improving, it is still not on par with the range of ICE vehicles, and this can be a major deterrent for many consumers.


Lack of Infrastructure:

The final barrier to the adoption of EV conversion kits is the lack of infrastructure. While charging stations for EVs are becoming more common, they are still not as widespread as fuel stations. This can make it difficult for consumers to find a convenient place to charge their converted vehicle, especially on longer trips.

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