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  • Bajaj, TVS Enter CNG Two-Wheeler Market

    INDIA REPORT
    Aditya Kondejkar


    Bajaj Auto has recently launched the Freedom 125, the world’s first CNG-powered two-wheeler, generating significant buzz in the Indian market. This innovative move has boosted Bajaj’s market position and also inspired other manufacturers, like TVS, to explore CNG options.

    The Freedom 125, priced between Rs 95,000 and Rs 1.10 lakh, offers an impressive CNG mileage of 102 km/kg, which appeals to environmentally conscious consumers and those looking for cost-effective fuel alternatives.

    Source: CNBCTV18:    Read The Article

    TVS Motor Company is set to follow Bajaj’s lead by developing the Jupiter 125, which will be the first scooter to feature a factory-fitted CNG (compressed natural gas) kit. Slated for launch early next year, the Jupiter 125 is aimed to compete directly with Bajaj’s Freedom 125, offering similar pricing and dual fuel options.

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  • Alternative Power Report, July 2024

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    Canada is preparing to join the tariff war against Chinese EVs, according to a report in the July 2024 issue of the Alternative Power Report prepared by Power Systems Research. Another article in the report notes that even thought EV sales are lagging, they’re positioned for long-term growth. And there’s plenty of battery news in this report prepared by PSR analyst Guy Youngs. PSR

  • 2024 North America Scooter Production

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    DATAPOINT REPORT

    175,300 units is the estimate by Power Systems Research of the number of Scooters expected to be produced in North America in 2024.

    Scooters/Minibikes/Mopeds are motorized 2-wheeled vehicles used primarily for recreation, although they are used for primary transportation in many cases.

    It’s important to note that Go-Ped manufactures stand-on scooters. 

    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

  • China Threatens EU, U.S. with Tariffs Up To 25%

    Guy Youngs
    Guy Youngs

    Trade tensions have continually risen among China, the European Union, and the US in recent years, with much of the drama surrounding imported EVs, so 10 days after the Biden administration introduced a 100% tariff on several categories of Chinese goods, including EVs, China has threatened to retaliate with tariffs on its own vehicle imports.

    The EU has also been included in this threat but while it is conducting a probe into China’s EV exports, it has placed this probe on a temporary halt…

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  • European Batteries Could Be 60% Less Carbon Intensive Than Chinese

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    Moving the EV supply chain to Europe would cut the emissions of producing a battery by 37% compared to a China-controlled supply chain, according to new analysis by lobbying  group Transport & Environment (T&E). This carbon saving rises to over 60% when renewable electricity is used.

    Securing other parts of the battery value chain will be even more challenging given China’s dominance and the EU’s limited expertise. The report finds Europe has the potential to manufacture 56% of its demand for cathodes – the battery’s most valuable components – by 2030, but only two plants have started commercial operations so far.

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  • Diesel Demand Hits 26-Year Low

    US diesel demand plummeted to its lowest seasonal level in 26 years in Q1 2024. The production of distillate, the petroleum-based fuel that powers trucking, heating, and heavy industry, plunged to 3.67 million barrels per day in March (down from more 4.1 million barrels last year) according to monthly data from the US Energy Information Administration.

    Even in diesel-loving Europe, the diesel engine is dying. Volvo, for example, recently built its last-ever diesel vehicle, and companies like Nissan, Hyundai, and Daimler (parent company of Mercedes-Benz and the Freightliner and Rizon truck brands) have also backed away from developing new internal combustion engines.

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  • Discovery May Drive Down Cost of Hydrogen Fuel

    RIKEN Center for Sustainable Resource Science (CSRS) researchers in Japan have announced that they may have discovered the secret to being able to produce hydrogen fuel far more cheaply than the currently used methods by using 95% less Iridium.

    Iridium is used as a catalyst in the production process of hydrogen, and we would need to allocate over 40 years of Iridium production in order to make the necessary hydrogen. Iridium is one of the rarest elements in Earth’s crust, with estimated annual production of only 15,000 pounds in 2023.

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  • North America and Europe MHCV Alternative Power Update

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    Chris Fisher
    Chris Fisher

    As the governments of Europe and North America (U.S. and Canada) continue to push for a transition from fossil fuel powered vehicles to zero-emission vehicles, a number of significant barriers to adoption will continue to hamper this initiative.  

    Significant barriers to adoption of zero-emission vehicles include the total cost of vehicle ownership, a lack of charging and grid infrastructure, truck resale values and duty cycle issues.  The primary types of alternative propulsion that are in focus include Battery Electric, Hydrogen Fuel Cell and Hydrogen ICE engines and to a lesser degree, Natural Gas and Biodiesel ICE engines. The vast majority of the medium and heavy commercial vehicle industry support the transition to zero-emission vehicles but the short timeline for implementation is causing great concern throughout the industry.

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  • 2024 Global Golf Cart Revenue To Hit $1.84 Billion

    Michael Aistrup

    Power Systems Research estimates the Global Golf Cart Market to be $1.84 billion in 2024 and expects this market to reach $2.81 billion by 2032, growing at a CAGR of 5.65% during the forecast period.

    Market Demand Drivers. Theincreased popularity of the game of golf by senior citizens, women, and juniors has increased the demand for golf carts. The increased use of these eco-friendly electric vehicles by government and industry also has pushed demand.

    • Sustainability and Environmental Concerns. Governments, golf courses, and consumers increasingly are emphasizing the need for eco-friendly alternatives. Electric golf carts, with their lower emissions and reduced environmental impact, meet these concerns.
    • The solar golf cart segment is projected to experience rapid growth, primarily due to its eco-friendly nature and lower operating costs.
    • Popular golf destinations and resorts experienced an influx of tourists, and millions of new participants have started golfing for the first time are leading to higher demand for golf carts.
    • Increased participation. More than 2 million newcomers have been added to the industry for eight consecutive years between 2012 and 2019, with the number exceeding 3 million per year between 2020 and 2022.

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  • JCB Invests To Double Its Size in Latin America

    BRAZIL/SOUTH AMERICA REPORT 
    Fabio Ferraresi
    Fabio Ferraresi

    JCB has unveiled the largest investment in its history in Latin America. It will inject US$ 100 million into its Latin American operations with the goal of doubling its size in the region by 2030.

    The majority of the resources, US$ 70 million, will be allocated to factory expansion. According to JCB, US$ 30 million will be invested in the modernization of the Sorocaba (SP) facility.

    An additional US$ 10 million is earmarked for the development of new products and the localization of certain equipment. Another US$ 10 million will be directed towards the distributor network.

    The company says this investment is expected to generate 1,000 new jobs: 300 direct and 700 indirect. Currently, JCB employs 600 people in Latin America, most of whom are based in Sorocaba, which serves as the production hub for the entire region.

    Read More »

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