Search Results for: data-point-graders-2375

2023-01-20

EV Purchase Subsidies Planned To Promote Sales

SOUTHEAST ASIA: 6 MAJOR COUNTRIES REPORT
Akihiro Komuro
Akihiro Komuro

Indonesia plans to introduce a subsidy program to encourage the purchase of EVs starting in 2023. The goal is to increase the number of EV users to 2.5 million by 2025 and reduce air pollution. The EV purchase subsidy program will be added to the list of EV policies introduced by President Joko Widodo over the past year.

Transportation Minister Boudi Karya Sumadi said the government is also considering subsidies for retrofitting internal combustion engine vehicles, but the government is carefully considering this plan because it would bring major changes to the labor-intensive auto industry. The Ministry of Transport plans to approach existing Indonesian automakers, such as South Korea’s Hyundai Motor and China’s BYD, to create an EV ecosystem for Borneo’s new capital city, he said.

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2023-02-20

January Brazil Truck Production Drops 72%

Fabio Ferraresi
Fabio Ferraresi

Truck production in Brazil in January was 4,049 units vs. 14,614 units in December per  Anfavea (the association that represents the automakers installed in the Brazil) monthly

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PSR Analysis: This decline was expected due to the introduction of PROCONVE P8, the regulation in line with Euro VI, that reduces the toxic gas emission limits and therefore increases the complexity and the price of new trucks.

Under that regulation, OEMs have the right to sell Trucks at PROCONVE P7 (Euro V) produced in 2022 until March 31, 2023. This caused a pre-production and inventory increase to sell trucks with lower price at the beginning of 2023.

The Anfavea forecast points to a reduction in MHV production from 192,000 to 154,000, but their calculation on Sales, Exports and Stock does not match. Subscribers of Power Systems Research data and intelligence can see a well-balanced forecast, considering different stock level by subsegment of GVW.    PSR

Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research

DATAPOINT: NA Dumpers/Tenders, 2023 Production

NA Dumpers/Tenders – Feb. 2023Download

1,790 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America (United States and Canada) in 2023.

A Dumper/Tender is a vehicle designed for carrying bulk material, often on building sites. Dumpers are distinguished from dump trucks by configuration: a dumper is usually an open 4-wheeled vehicle with the load skip in front of the driver, while a dump truck has its cab in front of the load.

This 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.

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Global Motorcycle Market Grows at 5.48% Rate

GLOBAL REPORT
Michael Aistrup
Michael Aistrup

The global motorcycle market is growing at a healthy CAGR of 5.48%, according to Power Systems Research. Revenue for 2021 was approximately $107.1 Billion and projected to be $146.6 Billion by 2030.

Growth during this period is primarily due to increasing demand from China, India, and ASEAN countries. In addition, growth in traditional markets such as Europe and North America is also anticipated.

The growth of drivers for the Motorcycle industry come from the requirement for cost-effective private transportation among people around the world.

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2023-04-18

Beiqi Foton Motors and Cummins Set Joint Investment

CHINA REPORT
Jack Hao
Jack Hao

Beijing Foton Motors and Cummins said they will further strengthen their strategic cooperation in the Southeast Asian region and sign a joint investment agreement with the Foton Cummins Thailand engine factory to provide powertrains for the Foton Zhengda vehicle base and Southeast Asian business.

This signing would mark a further strategic cooperation between Foton Motors and Cummins, targeting a wider range of regional markets and providing more diversified power solutions to global customers.

As a global emerging economy, ASEAN (Association of Southeast Asian Nations) has become one of the regions with the greatest development potential in the world. In recent years, Foton Motors has had significant business expansion in Southeast Asian countries including Thailand, Malaysia, and the Philippines. Their market share has gradually increased in trucks, buses, and other specialized vehicles, and they have built their reputation in the local market.

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2023-05-21

Rural India May Play Vital Role in EV Adoption

INDIA REPORT
Aditya Kondejkar

Electric vehicles (EVs) witnessed strong growth in the Indian market in 2022, with a three-fold increase in sales as compared to the year before. Official data shows that Indians have bought 2,780,000 EVs since January 2023 at an average of more than 90,000 EVs per month. Significantly, the demand for EVs is not limited to metro cities such as Delhi, Mumbai, and Bengaluru, but is increasing in Tier-2 and Tier-3 markets as well.

Source: Financial Express    Read The Article

PSR Analysis: While the growth of EVs has been primarily focused on urban areas of India, we are seeing a significantly improved adoption of EVs in rural parts of the country. The statistics from Vahan, the national vehicle registry, reveal that sales of electric cars and 3ws from the contribution of the top 10 districts in India has dropped significantly from 55%-60% in fiscal 2021 to 25%-30% in fiscal 2022. In the 2Ws segment, the percentage has dropped from 40%-45% to 15%-20%. The noticeable gaps here are being filled up by smaller towns and rural India.  

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2023-05-24

Show Report: Hannover Messe 2023

EUROPEAN REPORT 
Guy Youngs
Guy Youngs

General Observations. The core topics at HANNOVER MESSE included artificial intelligence, hydrogen, energy management, connected and intelligent production, and the new Manufacturing-X data ecosystem.

More than 4,000 exhibitors presented their solutions and welcomed 130,000 visitors from around the globe. There seemed to be a very large Chinese contingent at the show (both as visitors and exhibitors), as well as a large number of local governments, universities and startups. There seemed to be a predominance of exhibitors showing bearings, copper fittings, cables and components as well as systems / electronics companies.

There was also a large number of independent robots in evidence, ranging from robotic dogs and robotic servers to robotic messengers following pre planned routes.

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2023-06-19

Global Electric Scooter Market Could Reach $56B in 2033

GLOBAL REPORT
Michael Aistrup
Michael Aistrup

The global electric scooter market is growing at a rate that will enable it to surpass $56 billion by the end of 2033, according to a forecast by. Power Systems Research. The forecast predicts a projected growth rate of 9.72% by 2033.

This high growth rate is attributed to the rising demand for electric vehicles because of the increasing worldwide population.

An Electric Vehicle (EV) is a vehicle that runs on electricity/battery power. Electric vehicles have low running costs due to fewer moving parts and are environmentally friendly as they use little or no fossil fuels. Some EVs use lead-acid or nickel-metal hydride batteries, but lithium-ion batteries are now used in battery-powered electric vehicles for their long life, excellent energy storage, and low self-discharge rate.

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CARB Is Phasing Out Heavy Trucks

NORTH AMERICA REPORT
Chris Fisher
Chris Fisher

In April, the California Air Resources Board (CARB) voted unanimously to finalize its Advanced Clean Fleets rule that requires all new medium- and heavy-duty vehicles sold or registered in the state of California to be zero-emission by 2036. 

Among these requirements is a new 2036 target for an end to diesel truck sales. This was lowered from an early 2040 target, with the thought that 2040 would be too late to reach California Governor Gavin Newsom’s goal for 100% zero-emission medium- and heavy-duty vehicles by 2045. 

The 2036 target is only one year after the 2035 target for passenger cars.  Also in the rule, state and local agencies must purchase 50% ZEV by 2024, and 100% ZEV by 2027.

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Hino Motors and Mitsubishi Fuso To Merge

FAR EAST: JAPAN REPORT

The announced reorganization of several commercial vehicles companies came suddenly and was one that few in the industry expected.

On May 30, Toyota Motor Corporation and Daimler Trucks of Germany announced a business merger between Toyota-owned Hino Motors and Daimler-owned Mitsubishi Fuso Truck and Bus Corporation. The merger is expected to be completed by the end of 2024.

The four companies have reached a basic agreement that calls for Toyota and Daimler to establish a holding company by the end of 2024 with the aim of going public. Hino Motors and Mitsubishi Fuso will become part of the holding company. Toyota and Daimler will hold the same percentage of shares in the holding company, and Hino Motors will cease to be a consolidated subsidiary of Toyota after the merger.

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