Lubricants Demand Service from IEBS

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• 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 see a fall in the European countries and
  North America region by 2030.
• Business objective
• The Client wanted to understand in detail how the
  increasing penetration of electric vehicles will
  impact on fuels and lubricant additive market and
  its manufacturers
• The main objective of the engagement was to
  understand the developments penetration of
  electrical vehicles (FCV, hybrid vehicles,
  battery electric vehicles) and their impact on
  lubricant business, and automotive OEMs strategy
  in this space.
• Approach
• The implementation approach began with the
  engagement by acquiring an in-depth
  understanding of the companys innovation
  reality, leveraging the framework. This helped us
  understand the context and prioritise the main
  gaps, and challenges, which were complemented by
  external benchmarks.
• Clients success details
• This engagement helped the Client to understand
  the business impact of the increasing
  penetration of electric vehicles, changes in
  engine design innovations, divesting from ICEs,
  and upcoming regulations in this space. The
  following benefits and outcomes were delivered
  to the Client
• Helped the Client in understanding the
  penetration rate of electric vehicles that would
  be a significant impact on the lubricant market
  as a whole It is estimated that 50 to 55 of
  world lubricant demand comes from the automotive
  industry.
• Helped the Client in understanding how impact
  varies across lubricant categories such 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 secondary lubricant products.

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• Recommendations helped in identifying the
  HEV/PHEVs (Both having an ICE and powertrain
  battery) do use engine oil and, they will require
  additional higher performance grade lubricants
  that witness a new and valuable market.
• Recommendations helped in identifying the engine
  oil demand will be hit hardest, witnessing
  slower growth in overall lubricants demand.
• For more details and inquiries, please visit
  below page and schedule a call with our experts_at_
  https//www.iebrain.com/client-success-stories/imp
  act-analysis-of-electric-vehicles-
  on-lubricants-demand/

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