Two representatives from Kline’s Energy practice have grudgingly returned to our headquarters in New Jersey after spending three days at the STLE’s 76TH annual meeting and exhibition at the Walt Disney World Dolphin Resort in sunny Orlando, FL.
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.
The New York International Auto Show (NYIAS), dark for the last two years due to the pandemic, officially opened its doors to the general public at the Javits Convention Center in NYC last Friday (it runs until April 24).
With the electrification of commercial fleets gathering increasing momentum, driven by market pull, sustainability initiatives, and regulatory support — and the same thing true for other transformative forces such as telematics and digitalization — the HDMO (heavy-duty motor oil) industry is in transition. Although these and other advancements have the potential to substantially reduce the consumption of HDMO, we expect to see a host of new market opportunities arise.
Growing environmental concerns and tightening fuel efficiency norms, as well as lubricant product innovations, are bringing changes to the North American consumer automotive lubricants market. While it has remained flat in the last five years, the market is now experiencing a fast change in the quality levels of lubricants. The consumption of synthetic and semi-synthetic products, particularly in the United States and Canada, is growing, resulting in extended average drain intervals for passenger vehicle lubricants. Continue reading
As the autonomous vehicle (AV) space continues to evolve and vehicle OEMs and mobility providers make announcements about million and billion dollar investments and initiatives, it is important to understand from a commercial perspective just where/how/why/when these vehicles will be serviced and the impact on suppliers of branded aftermarket engine oil and related lubricants.
Waymo, a business unit of Alphabet, announced on December 5, 2018 that it is launching a commercial self-driving, ride-hailing service in Phoenix, Arizona called Waymo One.
The global passenger car motor oil (PCMO) market is on the cusp of significant change triggered by forces shaping the future of mobility. Kline’s soon-to-be-published analysis The PCMO Market in 2040: A Long-term Outlook evaluates how and when PCMO demand will change as a reaction to emerging disruptive technologies redefining mobility, including the advent of ride sharing, autonomous vehicles, and the emergence of electric vehicles (EVs).Continue reading