Electric Vehicle Lubricants Market Analysis

Propulsion Type (Battery Electric Vehicles, Hybrid Electric Vehicles)

Hybrid electric vehicles segment is estimated to hold 60% share of the global electric vehicle fluids market during the forecast period. Hybrid electric vehicles are predicted to grow in popularity because of their capacity to reduce greenhouse gas emissions from motor vehicles. For example, it is anticipated that more than 5 million hybrid vehicles will be produced globally by 2025, up from just over 2 million in 2020 and a million in 2015.

Product Type (Grease, Brake Fluid, Heat Transfer Fluid, Drive System Fluid)

Electric vehicle fluids market from grease segment is expected to garner significant share of about 45% in the year 2037. It is common knowledge that hybrid electric vehicles are powered by internal combustion engines, which require lithium grease. Grease is also necessary for the high- and low-speed operation of the grease-bearing systems in electric cars. Thus, with the increasing number of electric vehicles on the road, the demand for grease will also rise.

Our in-depth analysis of the global electric vehicle fluids market includes the following segments: