Disruptive Forces Redefining Commercial Vehicles – A Look Into the HDMO Market’s Future

Heavy duty motor oil (HDMO) demand is projected to grow steadily over the next few years as the commercial vehicle market continues to expand. Factors such as technological development accelerated by (or associated with) the online retail boom as well as the implementation of strict air-quality regulations is promoting the use of electric vehicles (EVs) in the commercial vehicle (CV) segment. Large metropolitan areas around the world are in­creasingly incorporating EVs into their bus fleets. However, unlike in the passenger vehicle segment, Kline foresees more modest penetration of EVs in the CV population for a variety of reasons.Continue reading