Regions | Power Systems Research

2026-02-22

Tesla Semi Lines Up for $165M in California Incentives

The update was initially reported by The Los Angeles Times.

Tesla reportedly is positioned to receive roughly $165 million in California clean-truck incentives for its Semi.

As per the Times, the Tesla Semi’s funding will come from California’s Hybrid and Zero-Emission Truck and Bus Incentive Project (HVIP), which was designed to accelerate the adoption of cleaner medium- and heavy-duty vehicles. Since its launch in 2009, the HVIP has distributed more than $1.6 billion to support zero-emission trucks and buses across the state.

Categories: Commercial Vehicles, Legislation, North America

Office: United States Offices

2026-02-21

Boot 2026 Shows Strong Shift To Outboard Power

Natasa Mulahalilovic

See Complete Show Report Here

Boot Düsseldorf 2026 welcomed more than 200,000 visitors over nine days (Jan. 17-25) and hosted about 1,500 exhibitors from 120 countries. The show was about the same size as that of the 2025 event, but last year’s show drew exhibitors from only about 67 countries.

Boot once again confirmed its position as the world’s leading indoor boat show. The event covered the entire spectrum of the marine industry, including motorboats, yachts and superyachts, catamarans, sailing boats, outboard and electric boats, engines, power generation systems, equipment and components, as well as touristic services, charter companies, and boating clubs.

Categories: Boot, Europe, Marine, Production, Sales

Office: Europe Office

2026 Superyacht Market Features Steady Growth

Natasa Mulahalilovic

The superyacht industry enters 2026 in a phase of measured growth, supported by strong fundamentals. After several years of rapid expansion, the market is stabilizing and becoming more strategic, rather than slowing down. The global superyacht market reached approximately USD 21.6 billion in 2025 and is projected to grow to USD 45.16 billion by 2032, reflecting sustained long-term confidence in the sector. Today, more than 5,000 superyachts over 24 meters are in operation worldwide.

In 2025, 470 superyachts were sold globally, marking a 19.8% increase compared to 2024. Around 250–300 newly built yachts were delivered, including 10 yachts over 100 meters, a record year. Approximately 45% of market demand comes from charter activity, highlighting the importance of commercial readiness and high-quality guest experiences.

Categories: Europe, Marine, Sales

Office: Europe Office

Toyota Engine Plant To Resume Production in 2028

Fabio Ferraresi

Toyota’s engine manufacturing plant in Porto Feliz (SP), Brazil, will not resume full production until 2028 after suffering severe structural damage caused by a storm in September 2025. The facility, responsible for producing flex-fuel ICE engines for models such as Corolla, Corolla Cross and Yaris, was heavily damaged, requiring complete reconstruction. Only the original foundation slab will be reused, with a new industrial building designed to incorporate higher levels of automation and a more compact manufacturing layout.

During the reconstruction period, Toyota implemented contingency measures, including the installation of a temporary structure in Porto Feliz to maintain partial engine production. Part of the workforce was reassigned to the Sorocaba plant, while other employees entered temporary layoff programs. The company plans to test a new productivity and manufacturing concept by the end of 2027, with full operational normalization scheduled for 2028.

Categories: Commercial Vehicles, Production, South America/Brazil

Office: Brazil Office

Brazil Suspends 2026 School Bus Procurement

Fabio Ferraresi

The Federal National Education Development Fund (FNDE), part of Brazil’s Ministry of Education, has revoked the public tender for the purchase of approximately 7,500 school buses under the Programa Caminho da Escola scheduled for 2026. The cancellation was formally published in early February 2026 to align the procurement with a new law on tax exemptions, which altered fiscal conditions for vehicles eligible in the program.

Categories: Commercial Vehicles, Legislation, South America/Brazil

Office: Brazil Office

Brazil 2026 Truck Sales Drop Sharply in January

Fabio Ferraresi

Brazil’s truck market started 2026 in significant decline. A total of 6,379 units were registered in January, representing a drop of approximately 30% compared to January 2025 (9,131 units) and a 34% decrease versus December 2025 (9,765 units), according to data from Fenabrave (National Federation of Motor Vehicle Distribution).

Market leadership in the month was shared by Volkswagen Caminhões e Ônibus and Mercedes-Benz, each holding around 27% market share. They were followed by Volvo, Scania, Iveco, DAF and Foton.

Categories: Central/South America, Commercial Vehicles, Sales

Office: Brazil Office

Koshin Launches Hybrid Energy Storage System

Akihiro Komuro

Koshin plans to release its new “Hybrid Power Storage System” Feb. 24, 2026, to counter power outages. The system combines a portable power station (BPS-24LD) and an inverter generator (GV-18iSD). Simply connecting the two with a dedicated cable enables the system to automatically cycle between generating and storing electricity.

Unlike a standalone portable power station, which becomes unusable once its battery runs out, or a standalone generator, which is difficult to use at night or in residential areas due to its outdoor nature, this hybrid system can store electricity generated by the generator in the portable power station. This enables quiet indoor use as needed. When the portable power source’s charge falls below a certain level, the generator automatically starts and shuts off once the unit is fully charged. This feature provides a long-term power supply without the need for cumbersome operation and supports household appliances such as refrigerators and heating equipment. The system also features a CO sensor and a safety function that automatically stops the generator during improper use. This system is expected to enhance household peace of mind in preparation for prolonged power outages caused by an increase in natural disasters in Japan.

Source: KOSHIN Read The Article

Categories: Japan, Power Generation, Production

Office: Japan Office

2026 R&D investment Plan Prioritizes Smart Ag

Akihiro Komuro

South Korea’s Ministry of Agriculture, Food and Rural Affairs 2026 research and development investment plan for the agricultural sector reveals a policy to allocate budget resources primarily to the “smart agriculture” field, centered on robots, drones, and artificial intelligence (AI).

The plan aims to address structural challenges in Korean agriculture, such as an aging population and severe labor shortages, while achieving increased productivity and labor savings.

A key feature of the plan is its emphasis on developing field-implementable technologies, such as autonomous agricultural machinery, data analysis for precision farming, and unmanned pest control drones. The plan also envisions advancing the sophistication of agricultural management through the development of standalone technologies, and by establishing data integration platforms and agricultural ecosystems.

Categories: Agricultural, Artificial Intelligence (AI), Production, South Korea

Office: Japan Office

2025-Year Motorcycle Sales Rank 2nd in SE Asia

Akihiro Komuro

In 2025, the Vietnamese motorcycle market experienced strong growth, with sales increasing by 14.9% year-on-year to approximately 3.4 million units. This made it the second-largest market in Southeast Asia, after Indonesia. Indonesia maintained its top position as the region’s largest market with 6.55 million units sold, though its growth rate was limited to 0.6%. Meanwhile, the Philippines recorded 2.37 million units (+2.8% year-over-year), Thailand recorded 1.73 million units (+9.8% year-over-year), and Malaysia recorded 613,893 units (+3.5% year-over-year).

In Vietnam, the rapid expansion of electric motorcycles is reshaping the market structure. Alongside domestic companies, Chinese firms are accelerating investment in electric motorcycles, aided by stricter environmental regulations. Hanoi’s plan to restrict internal combustion engine vehicles starting in mid-2026 is further accelerating the shift towards electric vehicles.

Categories: Recreational Products, Sales, Vietnam

Office: Japan Office

India–Indonesia Auto Relationship Gains Strength

Aditya Kondejkar

The evolving automotive relationship between India and Indonesia is increasingly defined by structured, government-linked procurement and industrial collaboration rather than routine export activity. Recent transactions involving Tata Motors, Mahindra & Mahindra, and Ashok Leyland signal a measurable expansion of India’s commercial vehicle footprint in Southeast Asia’s largest economy.

Indonesia’s infrastructure expansion, rural logistics formalization, and cooperative-based distribution programs have generated concentrated demand for light and medium commercial vehicles. Unlike fragmented retail-driven sales, these programs are characterized by bulk institutional procurement, creating predictable order pipelines and scale efficiencies for suppliers. Indian manufacturers, with established competencies in cost-optimized, durable vehicle platforms suited to emerging market operating conditions, have been able to secure sizeable allocations.

Categories: Components, Indian Subcontinent, Indonesia, Partnerships, Passenger Cars, Minivans, and SUVs, Production

Office: India Office

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2026 R&D investment Plan Prioritizes Smart Ag

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