2025-03-23
As automakers brace for new tariffs on imports from Mexico and Canada, Ford’s CEO Jim Farley is warning the extra costs would be “devastating.” Farley said the threats are already creating “chaos” and “a lot of costs” for the US auto industry.
So far, however, “what we’re seeing is a lot of cost and a lot of chaos,” Farley added. Ford is looking for ways to build up inventory in the US to soften the blow of Trump’s tariffs.
A bill introduced in the U.S. Senate this month seeks to repeal heavy-duty emissions standards, eliminate new and existing emissions waivers granted to states, set a national standard for emissions and more.
The “Transportation Freedom Act,” as the legislation is known, was introduced by Sen. Bernie Moreno (R-Ohio) and co-sponsored by Sens. Tim Sheehy (R-Montana), Jim Banks (R-Indiana) and James Justice (R-West Virginia). It includes several provisions related to heavy-duty truck emissions standards, as well as provisions addressing light- and medium-duty vehicles.
Notably, the bill would repeal Phase 3 of the Environmental Protection Agency’s Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles. The Phase 3 GHG rule, finalized last year, ramps up CO2 emissions standards for trucks between model years 2027 and 2032.
2025-02-24
Toyota has been revealed to be the largest auto industry funder of climate deniers in US Congress, according to a report released today by Public Citizen.
Toyota sells more gas-powered, polluting vehicles than any other company on Earth, and thus it has a vested interest in continuing to sell those polluting vehicles. But the problem is that gas-powered, polluting vehicles are not good for the health of humans or other living beings on this planet
Toyota has repeatedly ranked as one of the strongest funders of pro-pollution, anti-EV, and climate denying propaganda in the world
Source: Electrek: Read The Article
PSR Analysis: Previously, the auto industry has taken advantage of changes in government, trying to get money-saving clean air rules torpedoed even after implementation, but not this time, except for Toyota. The big concern behind all of this is whether Toyota will begin to struggle like Nissan and other legacy carmakers (with the impact of the EV revolution). PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
2025-01-27
“Looking ahead, we expect the gradual increase in infrastructure spending to boost consumption and improve demand, a revival across most CV segments, particularly in buses and vans, which are set to outperform last year’s levels. Intermediate, light and medium commercial vehicles (ILMCVs) are also likely to record similar or improved growth compared to fiscal year 2024.” – Girish Wagh, executive director at Tata Motors
Source: AutocarPro Read The Article
Market Dynamics and Growth Segments
The CV industry is set to benefit from the government’s pro-growth policies, particularly in infrastructure. The increased Capex outlay of US$115.5 billion ( ₹10 trillion) in the Union Budget 2023-24 is driving growth in sectors such as steel, cement, mining, and construction, which are key consumers of CVs.
In Thailand, major Japanese and Chinese automakers are requesting government support for HVs and EVs. At a time when the growth of electric vehicles has slowed, Toyota Motor Corporation President Akio Toyoda visited Thailand and appealed to the prime minister for measures to promote hybrid vehicles. The Chinese are also demanding that the conditions for EV subsidies be relaxed, and they are lobbying hard for the largest automotive industry base in Southeast Asia.
According to a Thai government statement, Toyota’s chairman and the Thai prime minister discussed measures to promote Thailand’s automotive industry, including finished vehicles and parts suppliers. They discussed the promotion of hybrid vehicles, and the Prime Minister reportedly expressed a positive attitude toward government support.
The São Paulo City Council has pushed back the deadline for CO2 reduction targets for the city’s bus fleet to 2054. This amendment allows operators to continue acquiring diesel-powered buses, contravening existing legislation. The bill now awaits the mayor’s decision for enactment or veto.
2024-12-14
Nebraska Attorney General Mike Hilgers has filed an antitrust lawsuit against some of the nation’s largest heavy-duty truck manufacturers alleging a plot to stifle the availability of internal-combustion semi-trucks in favor of electric ones.
In the lawsuit filed Nov. 19, Hilgers said California and the California Air Resources Board have “recently embarked on a mission to eliminate the [internal combustion engine] vehicle and mandate the electrification of our nation’s vehicle fleet.”
While other lawsuits have been filed against California and CARB attempting to halt or slow down the regulations, including one led by Hilgers to block CARB’s Advanced Clean Fleets regulation, Hilgers’ new lawsuit targets manufacturers themselves, including Daimler Truck North America (DTNA), International Motors, Paccar, Volvo Group North America, and the Truck & Engine Manufacturers Association.
2024-11-16
The Trucking Association of New York (TANY), along with Assemblywoman Donna Lupardo and other state transportation stakeholders, called on legislators to reconsider implementation of California Air Resources Board (CARB) Advanced Clean Truck (ACT) regulations set to take effect in the state just more than two months from now.
TANY President Kendra Hems called for an “immediate delay.” New York joins Oregon in attempting to flex rules that were supposed to launch in January requiring a percentage of new trucks sold in their states to be zero-emission vehicles.
2024-08-30
The article shown here is starting to give us some insight as to how the 2024 CARB ACT regulations are playing out in California and what the other states who plan to adopt these regulations can expect upon their implementation. It is a bit of a long read but very insightful of what the truck dealers are currently experiencing.
Information is beginning to trickle out about sales requirements for commercial truck dealers in California that will soon extend to other states committed to implementing the California Air Resources Board’s (CARB) Advanced Clean Trucks (ACT) and low-NOx Omnibus regulations.
2024-07-15
The European Commission told automakers (July 11, 2024) it would impose extra duties of up to 38.1% on imported Chinese electric cars starting in July 2024, risking retaliation from Beijing, which called the move protectionist. Less than a month after Washington announced plans to quadruple duties for Chinese EVs to 100%, Brussels said it would set additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC, on top of the standard 10% car duty. It said this was to combat excessive subsidies
it’s worth noting that commercial EV sales are soaring. PSR
Source: Reuters (via MSN): Read The Article
PSR Analysis: On the face of it, this seems like the start of a trade war with Chinese automakers demanding retaliatory tariffs on European cars, however several EU member states have already started to back track (led by Germany) so it remains to be seen as to what the eventual outcome will be.
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
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