Continued Growth Seen for Powersports Market

Michael Aistrup

The growing popularity of powersports is expected to provide many new opportunities ln this rapidly growing market. Some of the trends fueling this long-term growth potential are:

Growing/changing market for utility-terrain vehicles (UTVs).

  • Technological advancements through improved durability and adaptability to UTV’s, ensure greater enjoyment for UTV riders.
  • Industry-leading companies will continue to focus on increased product range and rigorous R&D initiatives to strengthen their market standing.
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PowerTALK™, August 2023

Reports of new product development and emissions are featured in several articles in the August 2023 issue of PowerTALK News. Read about VW’s breakthroughs, a new hydrogen-powered generator, and new regulations covering machine products in Europe.

IN THIS ISSUE
  • Alternative Power:
    • VW Reveals Four EV Breakthroughs
    • EVs Report Fewer Greenhouse Gases
    • Methane Is Big Greenhouse Gas Problem
    • Hydrogen Engines Pose Hurdles
  • DataPoint: North America Personal Watercraft
  • Europe: New Machine Regulations
  • Brazil/South America:
    • PSR Sponsors at SAE Mobility Forum
    • Mexico Beats Argentina in Brazil Exports
    • 29% of 2023 Brazil Trucks Have Euro 6 Engines
  • Japan: Firms Develop Hydrogen-Powered Generator
  • Vietnam: Foxconn To Invest $246 Million in Vietnam
  • China: XCMG Group, Toyota Sign Pact
  • India: Marluti Suzuki Plans India Market Expansion

29% of 2023 Trucks Fit with Euro 6 Engines

Data released by Anfavea about July Sales and Production show only 29% of the trucks sold in 2023, and produced during the year, met the PROCONVE P8 / Euro VI emissions regulation.

From January to July 2023, 53,900 trucks were produced, 36.2% below the 84,500 units produced in same period last year. This amount is also lower than that produced in the same period in 2021, when 89,500 trucks were produced on the Brazilian OEM assembly lines.

Truck production is still at a slow pace as the market continues to generate low demand for the new PROCONVE P8 technology.

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Hyundai Sells EVs To Oil-Producing Countries

SOUTH KOREA REPORT

Hyundai Motor Company has started to develop the EV market in the Middle East. The strategy is to get a head start in the market by making large investments. In response to the global movement to reduce carbon dioxide emissions, interest in the EV market is high in the oil-producing countries of the Middle East.

On Oct. 22, 2023, Hyundai Motor Company, which is expanding its business into environmentally friendly hydrogen energy in addition to local vehicle production, signed a joint investment agreement with the Saudi National Fund to establish a semi-finished product assembly plant. The joint venture plant will be built in King Abdullah Economic City and will have an annual production capacity of 50,000 units.

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Study Shows Plug-in Hybrids Aren’t as Clean as We Thought

A new report by the European Commission shows that plug-in hybrid electric vehicles create much more emissions than we previously thought – by an average of 3.5 times as much as lab testing indicates.

Plug-in hybrids (PHEVs) were thought to bring the best of both worlds – a large enough battery to take care of your daily tasks, paired with a gas engine for longer trips. There are downsides in cost and complexity, but the powertrain choice does provide more options than others.

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New Hydrogen Colors to Watch in 2024

Hydrogen has the potential to be emissions free but only if we understand how the hydrogen is generated / manufactured or whether it occurs naturally. Several new terms have been used recently in the press, and this article explains them.

Gold hydrogen refers to naturally occurring deposits of the gas trapped underground in a way similar to how natural gas and oil deposits are found under the Earth’s surface. This type of H2 is different from White in that White now typically refers to the gas when it is above the surface, such as in the atmosphere, but Gold refers specifically to the gas found in underground deposits.

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