Top 10 Companies in the EV Oil And Fuel Market (2026): Market Leaders Powering Global Mobility

At the base year of 2025, the EV Oil and Fuel market was valued at USD 3,200 million, with estimates indicating a rise to USD 5,100 million by 2034. This reflects a CAGR of 5.3% over the forecast horizon.

EV Oil and Fuel refers to a suite of specialty lubricants, coolant fluids, and additive formulations engineered to support electric powertrains, battery thermal management, and emerging hydrogen fuel cell technologies. These products must balance low viscosity for efficiency, high temperature stability for battery safety, and electrical isolation for power electronics.

🔟 1. Shell

Headquarters: The Netherlands/United Kingdom
Key Offering: Synthetic base oils, low‑viscosity greases, dielectric fluids for EV powertrains

Shell’s expansive research portfolio and global supply chain position it to deliver high‑performance fluids that meet OEM specifications. The company leverages its synthetic chemistry expertise to produce lubricants that reduce friction and extend battery life.

Sustainability & Growth Initiatives:

• Investment in renewable energy and low‑carbon lubricants
• Partnerships with automakers to co‑develop battery cooling solutions
• Commitment to net‑zero emissions across the supply chain
• Advanced synthetic base oil manufacturing in key regions
• Focus on battery‑cooling fluids for high‑density cells

9️⃣ 2. ExxonMobil

Headquarters: United States
Key Offering: High‑performance lubricants, thermal management fluids, hydrogen fuel additives

ExxonMobil’s scale and technical depth allow it to produce robust fluids that withstand the high temperatures and electrical demands of electric drivetrains. The firm’s R&D pipeline emphasizes additive chemistry that enhances wear resistance.

Sustainability & Growth Initiatives:

• Development of bio‑based additives to lower carbon intensity
• Carbon capture projects integrated with lubricant production
• Strategic alliances with OEMs for long‑term supply contracts
• Investment in renewable energy for manufacturing sites
• Targeted research on battery‑cooling formulations

8️⃣ 3. BP

Headquarters: United Kingdom
Key Offering: Synthetic base oils, low‑viscosity greases, battery cooling fluids

BP’s transition to a low‑carbon portfolio includes a focus on specialty lubricants that reduce energy consumption in electric vehicles. The company’s engineering teams collaborate closely with OEMs to tailor formulations for specific battery chemistries.

Sustainability & Growth Initiatives:

• Net‑zero emissions target across the lubricant segment
• Investment in renewable hydrogen production for fuel cell vehicles
• Partnerships with battery manufacturers for thermal management solutions
• Continuous improvement of additive performance to lower viscosity

7️⃣ 4. TotalEnergies

Headquarters: France
Key Offering: Synthetic lubricants, dielectric fluids, fuel additives for EVs

TotalEnergies’ integrated approach combines chemical expertise with a commitment to green hydrogen. The firm supplies fluids that meet the stringent temperature and electrical requirements of modern electric drivetrains.

Sustainability & Growth Initiatives:

• Investment in green hydrogen production and distribution
• R&D on battery‑cooling additives that reduce thermal load
• Collaboration with OEMs to co‑develop low‑viscosity lubricants
• Focus on circular economy through recycling of used fluids

6️⃣ 5. Castrol

Headquarters: United Kingdom
Key Offering: Battery cooling oil, powertrain lubricants

Castrol’s niche focus on battery cooling solutions positions it as a preferred partner for OEMs seeking to protect high‑energy cells. The company’s additive chemistry delivers superior thermal conductivity without compromising electrical isolation.

Sustainability & Growth Initiatives:

• Advanced additive technology for low‑viscosity performance
• Partnerships with automakers to validate battery‑cooling formulations
• Investment in renewable energy for manufacturing facilities

5️⃣ 6. Fuchs Petrolub

Headquarters: Germany
Key Offering: Hydraulic fluids, battery cooling oils

Fuchs Petrolub’s engineering expertise delivers fluids that balance high‑temperature stability with low friction, essential for electric drivetrains and power electronics.

Sustainability & Growth Initiatives:

• Eco‑friendly formulations that reduce environmental impact
• Circular economy initiatives for used fluid recycling
• Collaboration with OEMs on additive development

4️⃣ 7. Valvoline

Headquarters: United States
Key Offering: High‑temperature thermal management solutions for fast‑charging stations

Valvoline’s expansion into high‑temperature fluids supports the growing network of fast‑charging infrastructure, ensuring that lubricants can withstand the heat generated during rapid charge cycles.

Sustainability & Growth Initiatives:

• Low‑viscosity, renewable‑based additives for reduced friction
• Partnerships with charging station operators for integrated solutions

3️⃣ 8. Sinopec

Headquarters: China
Key Offering: EV‑compatible fluids, battery cooling solutions

Sinopec’s domestic production scale supports the rapid electrification of China’s fleet. The company’s focus on battery‑cooling fluids aligns with national incentives for green mobility.

Sustainability & Growth Initiatives:

• Government‑backed investment in green hydrogen production
• Development of low‑viscosity lubricants for high‑energy batteries
• Collaboration with OEMs to validate performance in real‑world conditions

2️⃣ 9. Chevron

Headquarters: United States
Key Offering: Synthetic base oils, battery cooling solutions

Chevron’s R&D portfolio includes high‑temperature lubricants that protect electric powertrains during intensive operation, supporting OEMs in meeting performance targets.

Sustainability & Growth Initiatives:

• Carbon reduction programs across lubricant manufacturing
• Investment in renewable energy for production sites
• Partnerships with OEMs to co‑develop low‑viscosity formulations

1️⃣ 10. Vitol

Headquarters: Netherlands
Key Offering: Fuel additives for EVs, battery thermal management solutions

Vitol’s commodity trading expertise extends to EV fuel additives, enabling efficient distribution of high‑performance fluids across global markets.

Sustainability & Growth Initiatives:

• Green logistics solutions to reduce carbon footprint
• Low‑carbon additive development for battery cooling
• Strategic alliances with OEMs for long‑term supply agreements