North America Automotive Retrofit Electric Vehicle Market to Grow with a CAGR of 16.24% through 2030

Government initiatives for sustainable mobility, growing urbanization with rising transit ridership, and advancements in electric bus technology are the factors driving the market in the forecast period 2026–2030.

According to TechSci Research report, “North America Automotive Retrofit Electric Vehicle Market – By Country, Competition, Opportunities and Forecast, 2020-2030F”, The North America Automotive Retrofit Electric Vehicle Market was valued at USD 331.04 million in 2024 and is expected to reach USD 816.60 million by 2030 with a CAGR of 16.24% during the forecast period.

The North America electric vehicle retrofit market is gaining momentum due to rising fuel costs, aging internal combustion engine vehicles, and pressure to reduce transport emissions. Retrofitting presents a cost-effective and environmentally friendly alternative to purchasing new EVs. With emissions from transport accounting for nearly a third of total U.S. greenhouse gases, governments are incentivizing the conversion of existing vehicles.

Policy initiatives and regulatory backing are helping retrofit providers expand. Millions of commercial vehicles on the road offer strong demand potential, and innovation partnerships are making solutions more accessible. Consumers are also showing interest in EV conversion for classic and personal vehicles.

Despite these opportunities, the sector faces hurdles. High conversion costs, the absence of national technical standards, and inconsistent kit availability are barriers. Regulatory clarity and assurance around performance and insurance are necessary to strengthen consumer confidence and market stability.

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North America Automotive Retrofit Electric Vehicle Market is Segmented By Vehicle, Type, End User, Motor and By Country.

The North America Automotive Retrofit Electric Vehicle Market encompasses a diverse range of retrofit solutions designed for varying propulsion technologies. Battery Electric Vehicle (BEV) retrofits represent a significant portion of the market, appealing to individuals and businesses seeking complete elimination of tailpipe emissions. BEV conversions involve replacing internal combustion powertrains with electric motors and substantial battery packs, offering silent operation and lower maintenance. These retrofits cater to both personal vehicles and fleet applications where zero-emission mandates are increasingly stringent. Consumers and businesses are attracted by lower running costs and environmental benefits, though high initial expenses can be a barrier.

Plug-in Hybrid Vehicle (PHEV) retrofits combine electric propulsion with the flexibility of retaining a combustion engine, offering an appealing balance between sustainability and range confidence. In the market, PHEV retrofits allow drivers to cover short urban trips purely on electricity while relying on the engine for longer journeys. This approach appeals to users who face infrastructure limitations for charging or who prioritize extended driving range without full reliance on battery capacity. Hybrid Electric Vehicle (HEV) retrofits, meanwhile, emphasize fuel savings rather than complete electrification, integrating smaller electric systems to support the engine. These conversions are gaining interest among drivers wanting incremental gains in fuel economy and lower emissions. The diversity of options in the North America Automotive Retrofit Electric Vehicle Market reflects evolving consumer expectations and technological advances enabling retrofits tailored to different mobility needs and budgets.

Mexico holds considerable potential in the North America Automotive Retrofit Electric Vehicle Market, driven by evolving policies on vehicle emissions and growing interest in sustainable mobility solutions. Rising fuel costs and increased awareness of environmental concerns are prompting vehicle owners to explore alternatives that extend the life of existing vehicles while reducing operating expenses. Retrofit solutions are gaining traction as a practical option, allowing owners to transition from internal combustion to electric powertrains without the significant investment required for new electric vehicles. The appeal lies in achieving sustainability goals while maintaining familiar vehicles for personal or commercial use.

The automotive aftermarket in Mexico has a strong foundation, supporting the development of retrofitting services. Local workshops are increasingly exploring partnerships with technology providers to offer retrofit kits suitable for diverse vehicle types, including passenger cars and light commercial vehicles. Enthusiasm is growing among small business owners and fleet operators who see retrofitting as a path to comply with future emission regulations. Training programs and technical collaborations are helping local mechanics acquire the skills needed for electric conversions, creating new economic opportunities in the automotive sector. However, challenges persist around the availability of certified components and consistent regulatory guidance, which can slow widespread adoption.

Major Market Players Operating in North America Automotive Retrofit Electric Vehicle Market Are:

• Bison EV Retrofits Inc.
• BorgWarner Inc.
• CAN EV (CanEV)
• Electric GT
• FlashDrive Motors
• Green Motors Inc.
• Hitachi Astemo Ltd.
• Mando Corporation
• Stellantis N.V.
• Zerolabs, Inc.

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“North America Automotive Retrofit Electric Vehicle Market is gaining momentum as consumers and businesses seek sustainable solutions without the high costs of new electric vehicles. Rising fuel prices, stringent emissions regulations, and government incentives drive interest in converting existing internal combustion vehicles to electric power. Innovations in battery technology and modular retrofit kits enhance feasibility across two-wheelers, passenger cars, and commercial fleets. Challenges include high upfront costs, regulatory fragmentation, and technical complexities. Growing awareness and expanding service networks signal strong future potential, with diverse propulsion options catering to evolving mobility needs and environmental goals across urban and commercial transportation landscapes”, said Mr. Karan Chechi, Research Director of TechSci Research, a research based global management consulting firm.

"North America Automotive Retrofit Electric Vehicle Market By Vehicle (Two-Wheeler, Passenger Car, Commercial Vehicles), By Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), By End User (Inclusive Conversion Kit, Assembled Parts), By Motor (Mid Drive Motor, Wheel Hub Motor), By Country, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and provides data on market size, trends, and forecasts. It aims to offer comprehensive market insights, helping decision-makers make informed investment choices. The report also highlights emerging trends, key drivers, challenges, and opportunities in the North America Automotive Retrofit Electric Vehicle Market.

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