Those concerned about a future of quickening electric vehicle uptake can cast their eyes to Norway, the leader in battery-powered cars per capita and passenger car market share.
In October, 39 percent of newly registered cars in the country were all-electric. In Oslo, 70 percent of new cars sold are electrified, the majority all-electric.
Maintenance shops are feeling the impact. Lars Erik Bakken of Birger N. Haug dealership group said about 70 percent of the cars they service are EVs. It is safe to say that the decrease in our engine oil sales is about the same, he added. This has spurred service shops like Bakkens to change their business strategy, including streamlining processes and servicing more cars, as well as exploring new maintenance opportunities unique to EVs.
Fuchs Lubricants Norway is coping by shifting its focus to opportunities for new, specialized lubricants such as transmission oils, greases, coolants and fluids used to manufacture EVs. We dont think what is omitted is necessarily greater than what is added, said Morten Herregarden, the lube makers managing director.
You can read the full story in the first quarterly report of LubesnGreases Perspective on Electric Vehicles, as well as the latest on ICE bans, efforts to jumpstart battery production, lithium business ventures and even electric car racing. If your business is touched by the potential disruption of EVs, stay informed about its impact on the lubricants industry. For access to the annual report and all four quarterly reports, subscribe at www.LubesnGreases.com/
electric-vehicles.
Howard Briskin
HBriskin@LubesnGreases.com