OilPro reports brisk trade amidst EV shift
Fluid handling equipment provider OilPro has offered its perspective on the current state of the oil management market, including the implications for the sector of the shift to electric vehicles (EVs).
“There is the looming reduction in oil usage which seems to be the general sentiment when you look at the advertising push towards EV cars and trucks, but the extremely high cost of the trucks themselves – plus the cost of the associated charging infrastructure, as well as the low range (and very long charging times) – are surely some of the main reasons that the hype isn’t quite turning into reality,” OilPro’s Bruce Coetzee told Transport Operator.
“Many dealers and private sellers aren’t shifting their used EV cars that easily (and resale values aren’t great either), certainly not now that we have a sizeable amount of EV vehicles/cars on the road –and the consumer is starting to learn of the high costs associated with new batteries, insurance and charging etc. The used vehicle market for EV cars still has some settling to do, and it is early days for the EV truck market.”
Despite the slowdown one might expect as a result of the EV shift, Bruce reports that OilPro is “really busy and… finding many customers still pushing ahead with sizeable bulk oil/fluid installations”.
“When one considers that OPEC will always cut supply to ensure that their market is protected and oil costs stay high, there are still many reasons to record/monitor the usage of oil within a workshop, seeing as it is set to be with us for a little more and is not going to get cheaper,” he added.
“Let’s also not forget that even though the service intervals have increased, and a workshop is using less oil volume than before, that workshop is still using oil to service vehicles and will still come to a halt if they run out of oil due to inadequate stock control systems.
“So, with all that said, it seems that the stock control issues from years gone past still exist, and will do for some time.”
