Electrification of the four-wheeler passenger vehicle fleet may affect the quantities of transmission fluids, greases and other types of lubricants used in automobiles, but the impact of electric vehicles on overall consumption can largely be distilled down to engine oils.
Engine oils account for around 20% of global automotive lubricant demand, but battery EVs need no engine oil. The size of that impact, therefore, will depend mostly on the future of the entire automobile population, the extent to which EVs replace vehicles powered solely by internal combustion engines, the pace at which that shift occurs and the mix between BEVs and plug-in hybrid EVs, since the latter still use engine oil.
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