INDUSTRY EXPERTS REPORT THAT CO-ENGINEERING, COLLABORATION AND CONSUMER EDUCATION WILL SUPERCHARGE MAINSTREAM EV ADOPTION
- New Driving the EVolution report from Castrol challenges panel of four industry experts to recommend the actions needed to support mainstream EV adoption
- Panel includes experts from Castrol, charging infrastructure provider bp pulse and the Jaguar Racing Formula E Team
Castrol has today launched a new report, Driving the EVolution, that examines how the automotive industry can accelerate the adoption of electric vehicles. A panel of four experts from within Castrol, the wider bp group and the Jaguar Racing Formula E Team discussed, from their own perspective, what it would take to achieve a car that hits the three ‘tipping points’ identified in Castrol’s 2020 study, Accelerating the EVolution: a $36,000 price point, 31 minute charge time and a range of 469 kilometres .
Driving the EVolution identified three key areas of focus will be central to achieving mainstream adoption:
- Co-engineering across the EV supply chain
- Collaboration between engineers, OEMs and suppliers
- Consumer education to dispel misconceptions about EV ownership
The report discusses how maintaining a mobility ecosystem that works together to overcome long term technical challenges across a long and complex global supply chain is crucial for widespread electrification. The experts all shared the view that mainstream EV adoption could be a reality around 2030.
Mandhir Singh, Senior Vice President at Castrol said:
“Achieving the mainstream adoption of electric vehicles is one of the biggest challenges our industry has ever faced. However, the technical solutions to achieving each of the three ‘tipping points’ are already there. What is needed now is a greater focus on co-engineering, collaboration and consumer education to drive uptake.”
A.S. Ramchander, Vice President - Marketing and GAM at Castrol added:
“As the e-mobility industry matures even marginal improvements to EV performance can play a major role in driving uptake. At Castrol, we’re committed to achieving mainstream adoption by working closely with our industry partners to utilize e-fluids to help electric vehicles go further , charge faster² and last longer³*”
Castrol recently launched a new range of e-Fluids called Castrol ON. Castrol ON’s suite of products includes e-Transmission Fluids, e-Thermal Fluids and e-Greases that aim to bring the industry closer to achieving the ‘tipping points’ to mainstream EV adoption by helping them go further2, charge faster3 and last longer4*.
To find out more about the research, visit www.castrol.com/DrivingtheEVolution and to find out about Castrol’s new e-fluid offering Castrol ON, visit www.castrol.co.uk/e-Fluids.
1 ‘Tipping points’ calculated as global average across eight key EV markets.
2 vs mass market EV factory fill fluid ² vs indirect cooled battery system ³ vs standard EV-transmission fluid *Castrol e-Fluids benefits demonstrated in bespoke testing and development
Driving the EVolution: Achieving the world's first truly mainstream electric vehicle is a collection of interviews with industry experts on what it would take to achieve the mainstream adoption of EVs. It is the latest in a series of studies from Castrol into the future of e-mobility that began with Accelerating the EVolution. Launched in September 2020, it explored the views of nearly 10,000 consumers, fleet managers and industry specialists in eight of the world’s most important EV markets, to reveal the ‘tipping points’ (the price, charge time and range) that need to be achieved for electric vehicles to become mainstream.
To download and view Accelerating the EVolution: www.castrol.com/EV
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Castrol provides the oils, fluids and lubricants the world needs, for every driver, every rider and every industry. It's more than just oil. It's liquid engineering.
The world of transport is going electric and e-fluids have a vital role to play. EVs play a key part in the mobility revolution and the pathway to decarbonizing transport. Castrol ON is Castrol’s range of advanced e-Transmission Fluids, e-Greases and e-Thermal Fluids that work together to bring a new era for electric vehicles across land, sea and even space.
● In space, Castrol e-Greases help keep NASA’s $820 million InSight Mars Lander working in the unforgiving conditions on the Red Planet.
● At sea, Castrol e-Fluids support equipment used in the transfer of power from an engine or electric motor to a propeller or thruster.
● On land, Castrol ON has developed a range of e-fluids to meet the needs of vehicle manufacturers. From transmission e-fluids to e-Greases and e-Thermal fluids, these fluids enable electric vehicles to run smoothly, efficiently and stay cool.
As EVs continue to evolve, Castrol’s best brains are not only defining the fluids, but the way the fluids are defined: pioneering unique testing and monitoring methods, driving efficiency and economy going beyond the standard requirements of the fluids, taking consumer insights and engineering technical solutions; advancing technologies that will lead to breakthroughs for the transport of tomorrow.
To find out more about Castrol please visit www.castrol.com
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