SEMA 2022: Rise of the EVs
DIAMOND BAR, Calif. (Nov. 04, 2022) -- SEMA (Specialty Equipment Market Association) , the trade association representing the $47.8 billion automotive specialty equipment industry, concluded its annual SEMA Show on today, noting the end of a show with the highest presence of EVs in its history.
“The EV aftermarket is evolving quickly and continues to change; we’re curating a unique collection of the latest products related to electric vehicles and the aftermarket,” said Tom Gattuso, SEMA vice president of events. “SEMA Electrified will help businesses see the latest trends and understand how the EV market has evolved. Visitors will gain an understanding of the advancements and opportunities for the future.”
Although alternative powertrains currently represent just 1% of the 250 million cars, SUVs and light-duty trucks in operation on American roads, sales and interest in EVs are increasing rapidly. According to recent SEMA Market Research, the electric market includes several areas of opportunity for the aftermarket, including the development of parts and products to aid in the conversion of older internal-combustion vehicles; building and modifying new project, racing and purpose-built vehicles; and expertly accessorizing new OEM electric offerings. SEMA is dedicated to helping its member companies identify those opportunities and adapt to the growing segment of the industry.
Trending at this year’s SEMA Show was electrification and electrified vehicles. Whether it was a modification for a new electric vehicle (EV) or the ability to modify an ICE vehicle with a new electric motor, exhibitors and builders demonstrated that the EV market is a growing segment for the aftermarket. A new area inside the SEMA Show, SEMA Electrified, included electric vehicles and products designed for modifying electric vehicles or converting vehicles to electric power.
“Our industry has embraced electrification,” said Tom Gattuso, vice president of events, SEMA “We saw electric vehicles and electrified vehicles in every hall at the SEMA Show. Our industry is on the cutting edge of technology. Products you see at the SEMA Show often become standard and mainstream five to 10 years after it debuts at the Show.”
For more information about the Nov. 1-4, 2022, SEMA Show, visit www.semashow.com.
About SEMA and the SEMA Show
The SEMA Show is a trade show produced by the Specialty Equipment Market Association (SEMA), a nonprofit trade association founded in 1963. Since the first SEMA Show debuted in 1967, the annual event has served as the leading venue bringing together manufacturers and buyers within the automotive specialty equipment industry. Products featured at the SEMA Show include those that enhance the styling, functionality, comfort, convenience, and safety of cars and trucks. Additional details are available at www.semashow.com or www.sema.org.
