Electric Vehicles – Disruptions in the Chemicals and Refining Industries

Feb 11, 2019

Electric Vehicles (EVs) have gained significant momentum in recent years, supported by regulatory incentives, changing consumer perception, and the willingness of much of the auto manufacturing industry to throw its weight behind the development of affordable electric models in large numbers.


Vehicle fleet electrification could be the biggest disruption to the transport industry since the Ford Model T in the early 1900s, the first widely adopted automobile. Established car manufacturers and new entrants into the industry (e.g., Tesla) are rapidly developing electric models which will challenge the reign of the internal combustion engine as the leading vehicle propulsion system. If developed in conjunction with renewable or nuclear based electricity, EVs have the potential to dramatically reduce carbon emissions from the transport and power industries sector. Enormous impacts would also be felt beyond these industries including:

  • A huge increase in the demand for battery raw materials with particular supply challenges relating to cobalt and lithium
  • A slowing demand growth for gasoline and diesel
  • Changing vehicle design creating automotive polymers winners and losers.

So, how will the growth of EVs impact the mining, oil and gas, and petrochemical/polymers industries? Will supply be able to adapt fast enough or become a limiting factor in EV growth?

Download report on EV Disruptions