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Q2 2024 Power Systems Research Truck Production Index (PSR-TPI) climbs 11.5%
Download PDFSt. Paul, MN (July 29, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) increased from 113 to 126, or 11.5%, for the three-month period ending June 30, 2024, from Q1 2024. The year-over-year (Q2 2023 to Q2 2024) increase for the PSR-TPI was 125 to 126, or 0.8%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
All Regions. In 2024, Medium and heavy commercial vehicle production in Europe South Asia and North America is expected to decline modestly while production in China, South America, Japan and Korea is expected to improve over last year.
Global Index. Globally, medium and heavy commercial vehicle production is expected to decline by 1.6% this year over 2023. Moving into 2024, much of the focus on demand will be centered around slowing global economic conditions that will likely impact overall freight demand. PSR
Jim Downey is vice president – global data products at Power Systems Research and
Chris Fisher is the senior commercial vehicle analyst at Power Systems Research -
2024 Personal Watercraft Production
Download PDFDataPoint Report
Jet Drive Boats are boats propelled by a jet of water ejected from the back of the craft; they have no propeller and can maneuver in shallow water. PWCs are also driven by jet water and come in several styles: Stand-Ups or Sit-Downs. They are often referred to as jet skis. Sit Downs are designed for one, two or three persons in a sitting position, one in front of the other. PWC Stand-Ups are designed for one rider standing or kneeling on the watercraft.
This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
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2024 Motorcycle Production
Download PDFDATAPOINT REPORT
On-Road Motorcycles or Street Bikes are motorized two-wheeled vehicles that are street legal for sport and leisure activities. They include features such as headlights, brake lights and turn signals.
This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
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PowerTALK™, July 2024
Download PDFCanada is joining the United States and Europe in considering placing hefty tariffs on imported Chinese EVs. Read the EV tariff news in the July issue of PowerTALK News published by Power Systems Research. There’s also product news about North American scooter production and global production forecasts for Medium and Heavy commercial vehicles and motorcycles.
IN THIS ISSUE
ALTERNATIVE POWER REPORT:
- EV Sales Are Headed for Long-Term Growth
- Research Offers Environmentally Friendly Lithium Production
- EU Tariffs Hit Chinese EVs, Draw Reaction from Beijing
- Canada Considers Tariffs on Chinese EVs
GLOBAL:
- 2024 MHCV Production Expected To Decline by 1.6%
- 2024 Global Motorcycle Market Estimated at $144 Billion
DATAPOINT: NA Scooter Production
EUROPE:
- Belgium Risks Losing Audi Car Production in Brussels
- Electric/Hybrid Marine Event Shows New Technologies
BRAZIL/SOUTH AMERICA:
- Brazil Truck Production Grows Significantly
- Brazil’s Frasle Mobility To Buy Dacomsa for $389 Million
JAPAN: Hitachi Demonstrates Ultra-Large Electric Dump Truck
THAILAND: Honda To Cut Thai Car Production Capacity by 50%
SOUTH KOREA: LG, Hyundai Open Indonesia EV Battery Plant
CHINA: Chinese Joint Venture Begins Battery Plant in Mississippi
INDIA: Bajaj, TVS Enter CNG Two-Wheeler Market -
PowerTALK™, July 2024
IN THIS ISSUE
Western countries–United States, Europe and Canada–are placing tariffs on low-cost Chinese EVs and Beijing doesn’t like it. Read about the EV tariff controversy in the July 2024 issue of PowerTALK News. Also in this issue are articles on the global motorcycle market, North American scooter production and Hitachi’s demonstration of a huge EV mining truck.
ALTERNATIVE POWER REPORT
- EV Sales Are Headed for Long-Term Growth
- Research Offers Environmentally Friendly Lithium Production
- EU Tariffs Hit Chinese EVs, Draw Reaction from Beijing
- Canada Considers Tariffs on Chinese EVs
GLOBAL:
- 2024 MHCV Production Expected To Decline by 1.6%
- 2024 Global Motorcycle Market Estimated at $144 Billion
DATAPOINT: NA Scooter Production
EUROPE:
- Belgium Risks Losing Audi Car Production in Brussels
- Electric/Hybrid Marine Event Shows New Technologies
BRAZIL/SOUTH AMERICA:
- Brazil Truck Production Grows Significantly
- Brazil’s Frasle Mobility To Buy Dacomsa for $389 Million
JAPAN: Hitachi Demonstrates Ultra-Large…
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Canada Considers Tariffs on Chinese EVs Similar To US and EU Moves
ALTERNATIVE POWER REPORT
Guy Youngs The Canadian government is preparing tariffs on Chinese-made EVs to align with the US and European Union, which have already proposed heavy duties to deter “unfair” competition imported from overseas
The country holds strong ties with the US and EU and looks to align with its trade partners in solidarity while blocking a potential loophole China could use to enter North America.
Source: Electrek: Read The Article
PSR Analysis: Canada is still in the early stages…
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EU Tariffs Hit Chinese EVs, Draw Stern Words from Beijing
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…
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Research Offers Efficient Lithium Production
As the electric vehicle market booms, the demand for lithium has also soared, with global lithium production more than tripling in the last decade. Current methods of extracting lithium from rock ores or brines are slow and come with high energy demands and environmental costs. They also require sources of lithium which are incredibly concentrated to begin with and are only found in a few countries.
Researchers at the University of Chicago Pritzker School of Molecular Engineering (PME) have optimized a new method for extracting lithium from more dilute (and widespread) sources of lithium, including seawater, groundwater, and “flowback water” left behind from fracking and offshore oil drilling.
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EV Sales Headed for Long-Term Growth
ALTERNATIVE POWER REPORT
The short-term picture for EV growth is mixed, but long-term prospects look good. EV sales will continue to grow despite the mixed near-term outlook, according to BloombergNEF’s Long-Term Electric Vehicle Outlook (EVO) which indicates that rapidly falling battery prices, advancements in next-gen battery technology, and improving relative economics of EVs with ICE counterparts continue to underpin long-term EV growth globally.
Global passenger EV sales are expected to continue…
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2024 MHCV Production Expected To Decline by 1.6%
GLOBAL REPORT
Chris Fisher In 2024, medium and heavy commercial vehicle production in Europe, South Asia and North America is expected to decline modestly while production in China, South America, Japan and Korea is expected to improve over last year.
Globally, medium and heavy commercial vehicle production is expected to decline by 1.6% this year over 2023. Moving into 2024, much of the focus on demand is centered around slowing global economic conditions that will likely impact overall freight demand.
North America. Medium and heavy commercial vehicle production is expected to decline by 4.3% this year over 2023 after strong class 8 truck production last year was driven by on-going pent-up demand. While class 8 demand is expected to decline this year, it will still be at a relatively high level, especially during the first part of the year.
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