The Global Electric Vehicle Fluids and Lubricants Market was valued at USD 1.45 Billion in 2023 and is projected to reach USD 5.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period (2024–2030). This remarkable growth is propelled by the exponential rise in global electric vehicle adoption, stringent government emission regulations, and the critical need for specialized thermal management and lubrication solutions that enhance EV performance, battery life, and overall efficiency.

As the automotive industry undergoes its most significant transformation in a century, specialized fluids and lubricants are becoming key enablers for the reliability and longevity of electric powertrains. In this analysis, we profile the Top 10 Companies in the Electric Vehicle Fluids and Lubricants Industry—a strategic mix of legacy lubricant giants and innovative chemical specialists who are formulating the next generation of e-fluids.

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🔟 1. Shell plc

Headquarters: London, United Kingdom
Key Offering: Shell E-Fluids, E-Greases, E-Transmission Fluids

Shell is a global leader in the EV fluids space, leveraging its extensive lubricants expertise to develop a comprehensive portfolio of products specifically designed for electric vehicles. Their Shell E-Fluids range addresses the unique demands of battery thermal management, e-motor cooling, and reduction gear lubrication.

Innovation & Sustainability Initiatives:

• Development of dielectric coolants for direct battery cooling systems

• Strategic partnerships with major automotive OEMs like Ford and Ferrari for EV fluid development

• Commitment to achieving net-zero emissions by 2050

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9️⃣ 2. ExxonMobil Corporation

Headquarters: Spring, Texas, USA
Key Offering: Mobil EV™ Range (Thermal Management Fluids, Greases, Gear Oils)

ExxonMobil has introduced its dedicated Mobil EV portfolio, offering advanced synthetic fluids that help extend the driving range and improve the efficiency of electric vehicles. Their products are engineered to manage extreme temperatures in batteries and e-motors while providing superior wear protection.

Innovation & Sustainability Initiatives:

• Advanced dielectric fluids for enhanced battery thermal management

• Collaboration with OEMs to co-engineer fluids for next-generation EV platforms

• Investment in lower-emission technologies across operations

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8️⃣ 3. BP plc (Castrol)

Headquarters: London, United Kingdom
Key Offering: Castrol ON range (EV Thermal Fluids, E-Powertrain Fluids, E-Greases)

Castrol, a BP brand, has launched the Castrol ON portfolio, a new range of fluids for hybrid and battery electric vehicles. Their products are designed to help EVs perform at their best by managing heat in batteries and e-motors, thus helping to maximize vehicle range and battery life.

Innovation & Sustainability Initiatives:

• Castrol ON EV Fluid: A single fluid capable of cooling the e-motor and the battery

• Partnerships with leading EV manufacturers, including Jaguar TCS Racing in Formula E

• Aiming for a 50% reduction in carbon intensity of products by 2030

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7️⃣ 4. TotalEnergies SE

Headquarters: Paris, France
Key Offering: Quartz EV Fluid Range (Drive System Fluid, Battery Thermal Fluid)

TotalEnergies offers a complete range of high-performance fluids and greases specifically formulated for electric and hybrid vehicles. Their Quartz EV Fluid range helps improve energy efficiency, extend component life, and ensure thermal stability under high electrical stress.

Innovation & Sustainability Initiatives:

• Development of fluids compatible with 800V and higher electrical architectures

• Focus on bio-sourced and recyclable fluid formulations

• Net-zero ambition across operations by 2050

Download FREE Sample Report:
Electric Vehicle Fluids and Lubricants Market – View in Detailed Research Report

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6️⃣ 5. FUCHS PETROLUB SE

Headquarters: Mannheim, Germany
Key Offering: Renolit EV Range (Thermal Management Fluids, E-Gear Oils, Greases)

FUCHS is a leading independent lubricant manufacturer with a strong focus on electric mobility. Their Renolit EV product line includes innovative fluids and greases tailored for electric drives, batteries, and power electronics, helping to increase efficiency and service life.

Innovation & Sustainability Initiatives:

• Pioneering water-glycol-based coolants for battery thermal management systems

• Global production network supplying major European and Asian OEMs

• Sustainability strategy focused on carbon-neutral production

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5️⃣ 6. Valvoline Inc.

Headquarters: Lexington, Kentucky, USA
Key Offering: Valvoline E-Vision Fluid Range (Hybrid/EV Fluids, Coolants)

Valvoline has developed the E-Vision line of advanced fluids for hybrid and electric vehicles. Their products are engineered to meet the specific thermal, electrical, and durability requirements of modern electrified powertrains, helping to protect critical components and optimize performance.

Innovation & Sustainability Initiatives:

• High-performance dielectric coolants for battery and power electronics thermal management

• Focus on extending the service intervals for EV fluids

• Commitment to sustainable product development and recycling initiatives

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4️⃣ 7. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Havoline & Texaco EV Fluids (Transmission Fluids, Thermal Management Fluids)

Chevron offers specialized fluids for electric vehicles under its Havoline and Texaco brands. These products are designed to provide excellent electrical insulating properties, thermal stability, and material compatibility for extended drain intervals in demanding EV applications.

Innovation & Sustainability Initiatives:

• Development of multifunctional fluids for combined cooling and lubrication

• Investment in advanced additive technology for improved EV fluid performance

• Aiming to lead in lower carbon intensity lubricants

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3️⃣ 8. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: 3M™ Engineered Fluids (Dielectric Coolants, Heat Transfer Fluids)

3M is a key player in the EV fluids market with its range of engineered fluids, particularly its renowned dielectric coolants. 3M™ Novec™ and Fluorinert™ fluids are widely used for direct immersion cooling of EV batteries and power electronics, offering superior thermal management and safety.

Innovation & Sustainability Initiatives:

• Pioneering two-phase immersion cooling technology for high-performance EVs

• Development of low global warming potential (GWP) fluids

• Commitment to carbon neutrality by 2050

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2️⃣ 9. The Lubrizol Corporation

Headquarters: Wickliffe, Ohio, USA
Key Offering: EV Fluid Components & Formulations (Additives, Base Fluids)

As a leading specialty chemical company, Lubrizol plays a critical role in the EV fluids ecosystem by providing advanced additive technology and formulation expertise. They work closely with lubricant manufacturers and OEMs to develop next-generation fluids that meet the unique requirements of electric powertrains.

Innovation & Sustainability Initiatives:

• Development of specialized additive packages for e-fluids enhancing thermal conductivity and electrical properties

• Collaborative R&D partnerships with global automotive and fluids companies

• Sustainable chemistry focus with bio-based and recyclable solutions

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1️⃣ 10. Petronas Lubricants International

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Petronas Iona EV Fluids (E-Gear Oils, Battery Coolants)

Petronas has launched the Iona range of fluids specifically for electric vehicles, focusing on the Asian market’s rapid EV adoption. Their products are designed to enhance thermal management, protect e-powertrain components, and contribute to overall vehicle efficiency and range.

Innovation & Sustainability Initiatives:

• Strategic partnerships with Mercedes-AMG Petronas F1 Team for EV fluid technology transfer

• Development of fluids suited for high-temperature operating conditions in tropical climates

• Net-zero carbon emissions target by 2050

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Electric Vehicle Fluids and Lubricants Market – View in Detailed Research Report

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🔋 Outlook: The Future of EV Fluids is Smarter and More Integrated

The electric vehicle fluids market is evolving rapidly from simple lubricants to sophisticated, multifunctional thermal management systems. As EV technology advances toward higher voltages, faster charging, and greater power density, the role of specialized fluids becomes increasingly critical for performance, safety, and sustainability.

📈 Key Trends Shaping the Market:

• Shift toward multifunctional fluids that cool, lubricate, and protect in a single formulation

• Growing adoption of direct immersion cooling for high-performance EV batteries

• Increasing demand for bio-based and recyclable fluid formulations to enhance sustainability

• Rising importance of global standards and specifications for EV fluids

• Integration of smart fluid monitoring systems for predictive maintenance

Get Full Report Here:
Electric Vehicle Fluids and Lubricants Market – View in Detailed Research Report

The companies leading this market are not just supplying fluids—they are enabling the e-mobility revolution by solving critical thermal and durability challenges, helping to make electric vehicles more efficient, reliable, and accessible worldwide.