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The amendments to the FAME-II electric vehicle policy were rolled out in the last month and manufacturers have lauded the efforts in adopting EV mobility in the country.
The government partially modified the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II. Further, it has included an additional demand incentive for electric two-wheelers to ₹15,000 per KWh from an earlier uniform subsidy of ₹10,000 per KWh for all EVs, including plug-in hybrids and strong hybrids except buses.
This decision will increase subsidies for such vehicles by 50% under the FAME II scheme and be a game-changer in adopting EVs.
“China has the largest automobile production in the world, the most complete industrial foundation, supply chain foundation, talent foundation and market foundation,” said Li Bin, chairman of Weilai automobile.
These factors provide China with a significant advantage in developing intelligent EVs, he said “In fact, if we can have the advantages of these four aspects at the same time, China is the only one in the world,” he added.
The penetration rate of new energy has exceeded 10% in 2021. From the trend, this target will exceed 20% in 2025. China’s penetration rate of intelligent electric vehicles in 2030 will exceed 90% in new car sales. In recent years, with the accelerated popularization of intelligent electric vehicles, the automotive industry will once again become the commanding height of scientific and technological innovation.
PSR Analysis: Today, new bus procurement is fully electrified. Buses have fixed routes, and the operation range is relatively stable. At the end of 2020, all buses in key regions and major cities have been replaced with new energy. The trend of bus electrification will continue to be promoted nationwide and gradually electric buses will replace diesel vehicles.
Considering that the running distance and working environment are relatively controllable, the market promotion of oil and electricity price difference, and the gradual completion of bus electrification, taxis will also accelerate electrification.
The second step is to accelerate the electrification of trucks such as urban logistics, environmental sanitation and muck trucks. The State Council proposes to promote green and low-carbon means of transportation, port and airport services, urban logistics distribution and postal express to give priority to the use of new energy or clean energy and strengthen the charging and switching facilities of new energy vehicles.
The penetration rate of private car electrification will also continue to increase. According to the current situation, electric vehicles can replace unified fuel vehicles in terms of price and mileage around 2025. At the same time, with the promotion of electrification in the field of public transport and trucks, driving the continuous improvement of infrastructure, the electrification of private cars will proceed more smoothly. PSR
Jack Hao is Senior Research Manager – China, for Power Systems Research
SUMMARY: Considering sales across all power ranges, gen-set
sales were off to a slower start in Q1 2017, down 5.5% compared to Q4 2016
levels. This decrease follows Q4 2016
where overall dealer reported sales were flat relative to Q3 2016 levels.
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.
South Korea’s Hyundai Motor Company and Apple Inc. plan to set up a partnership in the field of self-driving electric cars, according to Korea IT News. And recently another media outlet reported that Hyundai Motor and Apple plan to launch a self-driving EV in 2027.
In response to this news, Hyundai Motor announced that it was in early-stage talks with Apple. On Dec. 10, Hyundai Motor declined to comment on the Korea IT News report, reiterating its statement from Dec. 8 that it had received inquiries from various companies interested in collaborating on the development of self-driving EVs. Apple was not available for comment at the time of our publication.
Readers of PowerTALK aren’t looking for autonomous vehicles to hit the roads soon, if our survey published last month is any indication.
In the April issue of PowerTALK, we asked readers, “When do you think a fully autonomous vehicle will be available in the market place?” Only 22.22% of respondents said it would happen within five years. More, 33.33%, said it would happen in the period of six to 10 years.
Other Top Stories in this issue of PowerTALK include
St. Paul,
MN (October 12, 2017)— The Power
Systems Research global Truck
Production Index (PSR-TPI) deceased from 116 to 105, or -9.5%, for the
three-month period ended September 30, 2017, from Q2 2017. However, the
year-over-year (Q3 2016 to Q3 2017) gain for the PSR-TPI was 101 to 105, or
3.9%.
Overall, the global commercial truck
industry is stronger than it has been in a number of years and is expected to
continue to be strong moving into 2018.
While there are still concerns about regional economies such as South
America and Greater China, the global economies continue to improve.
This article appeared in the July/August 2016 issue of Powerline Magazine, published by EGSA (Electrical Generating Systems Association)
This is the story of a 40-year-old company that carried on and succeeded following the sudden and tragic death of its Founder and President last year. Early in 2015, George Zirnhelt, the dynamic and creative Founder and President of Power Systems Research (PSR), passed away from injuries sustained in an accident while vacationing in Mexico.
The PSR global team rebounded from this loss, immediately implementing a crisis operations plan and a management transition program that were both already put in place. Instead of losing ground, the company finished 2015 strong, by following through on several strategic tasks that George had initiated and implemented to position the company for future growth and expansion.
Already in Q1, 2016 revenue was the best in more than a decade – a sign that the company is moving forward despite tragic loss. PSR is an internationally-recognized leader in the collection, analysis and forecasting of production information for engines
St. Paul, MN (July 22, 2020)— Global truck production was battered by the COVID-19 in Q2 2020, and this decline is reflected in the Q2 2020 Power Systems Research Truck Production Index (PSR-TPI). The TPI plummeted from 80 to 34, or 57.5%, for the three-month period ended June 30, 2020, compared to Q1 2020. The year-over-year (Q2 2019 to Q2 2020) loss for the PSR-TPI was, 131 to 34, or 74%.
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 CV Link™, the proprietary database maintained by Power Systems Research.
On Monday, Nov. 30, 2020, at 9:00 am CST, representatives of two leading international firms will present a free one-hour webinar discussing the construction outlook in Europe and North and South America.
During the session, Power Systems Research and JCB Power Systems will present the latest information on the impact of COVID-19 on construction equipment production. JCB will provide details on emissions in developing engine technologies that are coming to market across the globe.
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