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23 Aug
18:31

EVs to change automotive fluids market: McKinsey & Co

The transition away from fossil fuel-powered transport into electric mobility is set to make the massive combustion engine fluids market slowly “begin to evaporate,” according to McKinsey & Co. Fluids such as engine oils, gear oils and transmission fluids used in internal combustion engine (ICE) vehicles won’t be required for battery electric vehicles (BEVs). Yet, the market for EV fluids, namely driveline fluids and coolants, will increase …
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