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Market Intelligence
AftermarketRetrofitClassic CarsCircular

Retrofitting: The ICE-to-EV Conversion Market

Turning classic cars and commercial fleets electric.

March 24, 2025
4 Min Read
Verified Source

Cost

$30k+

Avg Consumer Kit

Fleets

Viable

Bus Repowering

Waste

Low

Reuse Chassis

Executive Summary

We cannot scrap 1.5 billion gas cars. Converting existing fleets (especially classic cars and buses) is a niche but growing circular economy strategy.

The Crate Motor Ecosystem

Ford (Eluminator) and GM are selling electric motors in a box. Performance shops are dropping them into vintage Mustangs and Broncos. It preserves the aesthetic while modernizing the drivetrain. This "Restomod" culture is the new hot rod scene.

Commercial Repowering

A diesel bus chassis lasts 20 years, but the engine dies in 10. Instead of buying a new $500k electric bus, cities are swapping the engine for batteries for $200k. Companies like Kleanbus are industrializing this process.

Regulatory Approval

Registering a converted car is a bureaucratic nightmare in many countries. Homologation standards need to evolve. EV.NET is the central resource for the legal frameworks of conversion.

Strategic Opportunity

Own the Digital Infrastructure

As the market for Aftermarket matures, authoritative digital real estate becomes scarce. EV.NET is the category-defining asset for this sector.

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