Electric vehicles, much like combustion vehicles, require a suite of fluids in order to operate optimally. However, the quantities and properties of these fluids can be quite different. With a strongly growing EV market, this presents a large opportunity for not just fluid suppliers but also fluid additives and fluid handling component suppliers.

One of the main reasons that electrification is so appealing in any industry is the reduction in operating costs offered by electric machines. This is especially true across the construction, agriculture, and mining (CAM) industries. Large machines with high uptimes, like mining haul trucks, can consume millions of dollars in fuel over their lifetime.