Impact Analysis of Electric Vehicles on Lubricants Demand - IEBS Client Success Story

1. Impact Analysis of Electric Vehicles on Lubricants Demand - IEBS Client Success Story • As the electric vehicles and hybrid vehicles penetration are gaining momentum, thus, there are implications for lubricant product markets, including lubricants for light vehicles, which could seeafallin theEuropeancountries andNorthAmericaregion by 2030. • Businessobjective • The Client wanted to understand in detail how the increasing penetration of electric vehicles willimpactonfuelsandlubricantadditivemarket anditsmanufacturers: • Themainobjectiveoftheengagementwastounderstandthedevelopments&penetration of electrical vehicles (FCV, hybrid vehicles, battery electric vehicles) and their impact on lubricantbusiness,andautomotiveOEMsstrategyin thisspace. • Approach • Theimplementationapproachbeganwiththeengagementby acquiring an in-depth understanding of the company’s innovation reality, leveraging the framework. This helped us understand thecontext andprioritise themain gaps, andchallenges, whichwere complementedbyexternalbenchmarks. • Client’ssuccessdetails • This engagement helped the Client to understand the business impact of the increasing penetration of electric vehicles, changes in engine design innovations, divesting fromICEs, and upcoming regulations in this space. The following benefits and outcomes were deliveredtotheClient: • HelpedtheClientinunderstandingthepenetrationrateofelectricvehiclesthatwould be a significant impact on the lubricant market as a whole; It is estimated that 50% to 55% ofworldlubricantdemandcomesfromtheautomotiveindustry. • HelpedtheClientinunderstanding howimpactvariesacrosslubricantcategoriessuch as wheel bearing and chassis grease, transmission fluid, and gear oil; Since BEVs do not use engine oil, and they use only a small amount (volume) of greases and other secondarylubricantproducts.

2. Recommendations helped in identifying the HEV/PHEVs (Both having an ICE and powertrainbattery)douseengineoiland, theywillrequireadditionalhigher performancegradelubricantsthatwitnessanewandvaluablemarket. • Recommendations helped in identifying the engine oil demand will be hit hardest, witnessingslowergrowthinoverall lubricantsdemand. • Formoredetailsandinquiries,pleasevisitbelow pageand scheduleacallwith our experts@https://www.iebrain.com/client-success-stories/impact-analysis-of-electric-vehicles- on-lubricants-demand/ AboutIngenious e-BrainSolutions:- Ingenious e-BrainSolutions provideshigh-quality,customized, and cost-effectiveTechnology Research, Business Research, and Intellectual Property Research solutions to industry leaders, and innovativecompanies across the globe. Innovation, knowledge, and transparency form the basis of our company’s mission and vision. Along with cost benefits, we provide highest quality results ensuring fool-proof confidentiality and security. We are an ISO certified company with offices in IndiaandUSA. Ingenious e-Brain Solutions has a strong team of analysts, and subject matter experts with domain proficiencywhichisdevotedtohelpclients grow.Ourhighlyqualifiedprofessionalsoffertailored, value-addedandcost-effectiveservices toour clients.We believeinbuildinglong term relationshipswithourclientswhoincludenationalandinternationalcorporations,Fortune500 companies,world’s leadingresearchinstitutes anduniversities aswellas independentinventors. GetinTouch:- IndiaOffice 207-208WelldoneTechPark,SohnaRoad Sector48,Gurugram,Haryana 122018,India +911244294218 Email:- queries@iebrain.com