Electric vehicle fluids and lubricants - global market by region 2018
The electric vehicle fluid and lubricant market was worth over 850 million U.S. dollars globally and almost 309 million U.S. dollars in China alone in 2018. Combining the Chinese market with its neighbors, the Asia-Pacific region accounts for roughly three quarters of the global market in terms of revenues. Countries such as China and Japan have had significant government backing to develop electric vehicles.