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Honda Plans Personal Electric Motorcycles
JAPAN REPORT
Honda said it plans to produce a motor-driven electric motorcycle for individuals in Japan by the end of 2023. This will be the first time Honda produces a product for the public in Japan.
Overall, Honda said it plans to launch more than 10 models of electric motorcycles worldwide by 2025. Their goal is to increase overall sales, including pedal-powered and electric bicycles, mainly in China and India. The company plans to increase its sales to 3.5 million units worldwide by 2030, more…
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Vingroup To Enter EV Cab Market
VIETNAM REPORT
Akihiro Komuro Vingroup plans to launch a cab business using EVs in the country in April. The founder and chairman of the company has established a new company, owning a 95% stake. The company plans to start the service in Hanoi, the capital of the country, and expand it nationwide within the year. The company also hopes to increase awareness of its products.
The new company, Green and Smart Mobility (GSM), is capitalized at US$ 128 million (VND3 trillion, approximately 17 billion yen) and will develop a cab business using EVs as well as a business that rents EVs and electric bikes to other cab companies, etc. GSM plans to use 10,000 EVs and 100,000 electric bikes.
Source: The Nikkei
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2030 PWC Market May Hit $3.01 Billion
Michael Aistrup Personal watercraft (PWC), often known as a jet ski, is a watercraft that can carry as many as three people. A PWC Sit-Downs is defined as a vessel specifically designed to haul up to three riders in a sitting position, one in front of another. A PWC Stand-Up is a type of PWC designed for one rider standing or kneeling on the watercraft.
The PWC has wide uses, ranging from recreation and racing to many types of utility. PWCs are used to help with rescue missions as they are small, fast, and easy to operate. Local and county law organizations use PWCs to ensure the safety and security of persons engaged in watersports.
Market Size. According to Power Systems Research, the global market size for PWCs is expected to grow at a CAGR of 5.7% between 2022 and 2030. Global revenue for 2030 is forecasted to be $3.01 billion.
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Achieving Peak Efficiency in Diesel Technology
Guy Youngs Many leading construction companies now are looking at ways they can reduce their CO2 footprints. With the advent of market-ready electrified powertrains, gas-fueled internal combustion and even fuel cell electric drives, where does the push for CO2 reductions leave diesel power?
Diesel technology has made real improvements. With cleaner combustion cycles, the introduction of low-carbon fuels and advanced emissions treatment hardware, diesel has never been cleaner. Diesel engines are so…
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Global ICE Industry Cliff Is Here
This article includes an important graph showing vehicle production numbers between 2015 and 2026, (projected for 2023–2026) which are based on historic BEV growth data and trends. Hybrids are lumped in with ICE cars and are shown as a preference over full BEVs which is clear in the data.
The chart shows that the overall auto industry has declined from its peak in 2017–due to the pandemic and chip shortage–before it started to recover in 2021. This chart/model is conservative in predicting industry growth at 1.6% y/y going forward and BEV growth at 50% for 2023 (average BEV growth was 57% for the past 7 years)
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20-Year Changes in Top Construction OEM Hierarchy
A new animated chart shows the dramatic changes in the evolving hierarchy of the biggest construction equipment manufacturers over 20 years. The chart draws on data from International Construction’s Yellow Table, which tracks the top 50 construction OEMs across the world. The data stretches back to 2003, and up until the latest version in 2022.
Source: International Construction: Read The Article
PSR Analysis: This animated chart is especially interesting in that it allows you to track the growth of…
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Electric Boat Market Forecast To Grow by 12%
Michael Aistrup Gas-powered engines have been the backbone of boating since the advent of the internal combustion engine, but electric-powered boats could soon be claiming a significant share of the market.
Most of the fuel used in transportation is petroleum-based, but initiatives by many governments to reduce carbon emissions and to encourage consumers to adopt eco-friendly boats and ships is expected to boost growth of the electric boat market. The electric boat industry is still in early stages of development and there is a potential for growth.
Electric boats are defined as marine vessels with electric drive as propulsion. Electric boats can be only electric, hydrogen fuel cell electric, or hybrid electric.
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CONEXPO 2023 Features Hydrogen, Electric Equipment
Walking CONEXPO 2023, the giant international construction show in Las Vegas this month, it was obvious that OEMs are devoting huge amounts of resources to developing alternative power sources for their compact equipment.
Hydrogen powered units and battery packs were common and new products powered by alternative energy sources were popular with attendees. New technology was the name of the game at this year’s show.
However, there were several prototypes that were built only for the show, according to some exhibitors, and were not likely to be put into mass production anytime soon. In fact, one manufacturer told us, “This was manufactured for the purpose of the exhibition and is not intended for mass production.”
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Nikola Plans To Develop Hydrogen Fuel Network
The lack of a refueling infrastructure is one of the largest challenges facing H2 development, so Nikola plans to start building a hydrogen fuel network. The network would make it possible for H2-powered vehicles to refuel conveniently, particularly when those vehicles are the company’s own trucks.
The company has already started the construction of H2 plants in order to produce the H2 necessary to supply the hydrogen fuel network. Once those are in place and the refueling stations are built, it will become feasible for companies to begin including H2-powered trucks in their fleets.
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Lithium-Air Battery Could Offer Longer Range
Most owners of electric cars have wished for a battery pack that could power their vehicle for more than a thousand miles on a single charge, and Range Anxiety is a big issue for EV adoption. Researchers at the Illinois Institute of Technology (IIT) and U.S. Department of Energy’s (DOE) Argonne National Laboratory have developed a lithium-air battery that could make that dream a reality.
The main new component in this lithium-air battery is a solid electrolyte instead of the usual liquid variety. Batteries with solid electrolytes are not subject to the safety issues of liquid electrolytes used in lithium-ion and other battery types, which can overheat and catch fire.
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