Sustainability: A New Opportunity for PAO

Sustainability: A New Opportunity for PAO

The global finished lubricants market has been going through a phase of uncertainty, with a multitude of factors hampering its growth outlook. Several years ago, some countries faced a sovereign debt crisis, which cast a shadow on the global economic environment. Thereafter, the outbreak of the COVID-19 pandemic forced the world into a recession. More recently, the emerging geopolitical situation has had a cascading effect on the global economy, leading to high inflation and interest rates, simultaneously creating an uncertain trade environment. All of these events invariably have impacted the demand for finished lubricants, contributing to the inherent changes that the lubricants and basestocks market had already been witnessing—a shift toward better-quality lubricants and the increasing use of high-performance basestocks, reducing the need for lubricants. Continue reading

India's Electrifying Journey Toward EV Adoption

India’s Electrifying Journey Toward EV Adoption

Long gone are the days when the electric vehicle (EV) “revolution” in India was considered mere buzz; the moment has clearly arrived. Sales of electric vehicles in India doubled in 2021 compared to 2019. Automotive players have made tremendous investments in setting up dedicated EV capacities, particularly in the two-wheeler segment. Numerous private players have also invested — and are continuing to invest — in infrastructure to support EV charging and/or battery swapping. Further, favorable policies by the central and state governments are creating an environment that will help drive EV sales. Against this backdrop, we provide an update on EV manufacturing, charging infrastructure, battery swapping, government policies and subsidies, and acceptance by Indian consumers.

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EV Charging How 4 Companies Managed to Disrupt the Industry banner

EV Charging: How Some Companies Managed to Disrupt the Industry

With gas prices continuing to hit record highs — and with the average per-mile cost of electricity for an EV currently less than half the average per-mile cost of gas, according to AAA — it’s no surprise that sales of electric cars are increasing. In fact, California became the first state to hit one million plug-in vehicles earlier this year. But despite such gains, there’s still one obstacle that’s hindering further growth.  

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