Electric Vehicle (EV) Fluids Market Size, Share, By Product Type (Transmission Fluids, Engine Oil, Coolants, and Greases), By Fill Type (First Fill, and Service Fill), By Propulsion Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Electric Vehicle (PHEV)), By Vehicle Type (Passenger Vehicle, and Commercial Vehicle), and By Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Electric Vehicle (EV) Fluids Market Size was valued at US$ 1.53 billion in 2024 and is expected to grow at a CAGR of 28.9% to reach US$ 15.4 billion by 2034

Electric Vehicle (EV) Fluids are specialized fluids designed for electric and hybrid vehicles. The fluid requirements of electric vehicles (EVs) differ from those of conventional cars with internal combustion engines because to their unique components and operating conditions. Electric vehicles (EVs), whose motors and batteries act as their prime movers, operate on a different set of fluids than cars with internal combustion engines (ICEs). It is not advised to use conventional fluids in electric vehicles because of the possibility of viscosity-related issues and component corrosion, which can harm the lifespan and overall performance of the vehicle. The EV fluids have undergone unique engineering and modification to meet the needs of the sophisticated powertrains.