Reports

  • North America Golf Cars Production

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    60,100 units is the estimate by Power Systems Research of the number of Golf Cars expected to be produced in North America during 2025.

    Golf Cars are small, motorized vehicles that transport golfers and their equipment around a golf course. They may also be used as a Neighborhood Electric Vehicle (NEV) to transport people within golfing communities or similar neighborhoods.

    This product 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. PSR

    For details, download the complete report above.

    Carol Turner is Senior Analyst, Global Operations, for Power Systems Research

  • PowerTALK™, December 2025

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    In the December 2025 issue of PowerTALK News you can read articles about China’s conversion to EV trucks, slowing EV sales, Spain pushing hydrogen, 2025 NA Golf Cars production, Vietnam EV motorcycle growth, Ford’s new growth strategy in India, and Japan’s worsening agricultural equipment situation, and more.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • EV Sales Have Not Fallen or Slumped, Despite Some Reports
    • Renewables and AI Rapidly Transforming World’s Energy Future
    • China’s Diesel Trucks Shifting To Electric
    • Spain Doubles Down on Hydrogen Transport

    DATAPOINT: 2025 Golf Cars Production
    NORTH AMERICA REPORT: EPA Won’t Delay 2027 NOx Rule
    EUROPE: EU-US Trade Deal Threatens European Production
    SOUTH AMERICA/BRAZIL REPORT:

    • Yanmar Invests US$ 50 million Tripling Indaiatuba Factory
    • Eletra Starts In-House BEV Bus Chassis Assembly
    • Volvo Launches Articulated Dump Truck with 55-Ton Capacity

    JAPAN REPORT: Delays in Agricultural Equipment Delivery Worsen
    SOUTH KOREA REPORT:
    2025 EV Motorcycle Promotion Project Continues
    VIETNAM REPORT:
    EV Motorcycle Market Rapidly Expanding
    CHINA REPORT: Heli Breaks Ground for Factory in Thailand
    INDIA REPORT: Ford Uses Revised Strategy for Sustainable Success

  • PowerTALK™, November 2025

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    In the November 2025 issue of PowerTALK News you can read articles about China developing EV batteries, GM dropping plans for hydrogen fuel cells, China’s push into South America, industry comments on the North America trucking recovery, South Korea’s promotion of EV forklifts, news from Agritechnica 2025, and more.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Hitachi Powers Site with Hydrogen Gen-Set
    • Trump Threatens Massive Tariffs after China’s Rare Earth Curb
    • Carmakers on Track To Meet EU CO2 Requirements
    • Electrifying India Motorcycles

    DATAPOINT: 2025 North America TLB Production
    NORTH AMERICA REPORT: Trucking Recovery To Be Driven by Supply Side
    EUROPE REPORT: MODX 70 Offers Luxury and Eco-Responsible Sailing
    SOUTH AMERICA/BRAZIL REPORT:

    • Brazil, Columbia Renew 2026 Free Trade Quota
    • Stellantis Exports Ram Rampage from Brazil To Europe
    • Ford To Build Hybrid Ranger with Flex-Fuel Engine

    JAPAN REPORT J-ENG Marine Engine Fueled by Ammonia
    SOUTH KOREA REPORT: EV Forklift Adoption Promoted
    INDONESIA REPORT: Ag Equipment Assistance Ads Farmers
    CHINA REPORT: China Pushes Into South American Market
    INDIA REPORT: Auto Segment Driven by 2Ws, Stable PV Demand

  • 2025 North America TLBs Production

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    9,500 units is the estimate by Power Systems Research of the number of Tractor/Loader/Backhoes expected to be produced in North America during 2025.

    Tractor/Loader/Backhoes (TLBs) are full-size machines that are three pieces of construction equipment combined into one: the tractor, the loader and the backhoe. These units are designed to tackle an array of construction and agricultural related activities.

    This product 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. PSR

    For details, download the complete report above.

  • Alternative Power Report, November 2025

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    In the November 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on General Motors halting production of Hydrogen fuel cells; China develops all-solid-state EV batteries with 620 mile range; plummeting battery prices will push BEVs below parity soon, and Chinese battery breakthrough could extend lithium cell lifespan by 9,000 hours. Read these articles and more in the November Alternative Power Report today. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

  • PowerTALK™, October 2025

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    In the October 2025 issue of PowerTALK News you can read about Q3 2025 Global Truck Production; South America Paving Show; Hitachi’s use of a hydrogen gen-set; India’s electrifying MCs; NA 2025 Combine Production; India’s GST 2.0, and more.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Hitachi Powers Site with Hydrogen Gen-Set
    • Trump Threatens Massive Tariffs after China’s Rare Earth Curb
    • Carmakers on Track To Meet EU CO2 Requirements
    • Electrifying India Motorcycles

    DATAPOINT: 2025 North America Combine Production
    TRUCK PRODUCTION REPORT: 3Q 2025 PSR-TPI Index Drops 8.5%
    EUROPE REPORT: MODX 70 Offers Luxury and Eco-Responsible Sailing
    SOUTH AMERICA/BRAZIL REPORT:

    • Mahindra Starts Construction of AG Equipment Plant
    • Stellantis Begins Production of Ram Dakota Pickup
    • VW Completes Updates
    • Cummins Brazil Introduces QSF 4.5 Engine
    • Iveco Daily Multifuel Concept Runs on Several Fuels

    SHOW REPORT: South America Paving Show
    JAPAN REPORT: Kawasaki Launches Hydrogen Engine
    SOUTH KOREA REPORT: U.S. Tariffs Up To 50% Impact South Korea

  • Alternative Power Report, October 2025

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    In the October 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on carmakers meeting EU emission requirements; India’s electrification of motorcycles, US tariffs on China rare minerals, and items on hydrogen power. Read the October Alternative Power Report today. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

  • South America Paving Expo 2025 Sets Records

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    SHOW REPORT

    São Paulo– This year’s Paving Expo, held Sept. 23–25 at São Paulo’s Distrito Anhembi, marked another record edition for Latin America’s largest event dedicated to paving, road construction, and infrastructure technologies.

    With all exhibition space sold out, more than 300 companies showcased their solutions to an audience expected to surpass 20,000 industry professionals, while the technical congress (Paving Conference) attracted some 4,000 delegates.

    The numbers reflect the sector’s growing dynamism: nearly 9,600 visitors attended on the opening day alone, and projections indicated up to 30,000 participants over the full three-day program. Last year’s edition closed with 24,000 attendees, underscoring the show’s consistent expansion.

    The PSR South America Perspective
    At the show, Heitor Aguiari and Fábio Ferraresi, from the Power Systems Research (PSR) South America team, gathered insights directly from exhibitors and visitors.

    Overall, the sentiment was that 2025 has been a slow year for the market, constrained by economic uncertainty and cautious investment decisions. Some stakeholders said that despite the growing presence of advanced technologies—such as digital paving controls, smart compaction systems, and next-generation asphalt plants—a key bottleneck for productivity gains is the capacitation of the workforce, as operators are often not fully trained to exploit these machines’ potential.

    The construction industry grew by around 2.5% in 2025, underpinned by housing programs, renewable energy projects, and road concessions. Cement consumption, a proxy for construction activity, has risen steadily this year, showing increases above 5% compared to 2024 and even with the positive drivers, the investment in equipment was low due to conflicting political and economic signs.

    Looking ahead, exhibitors expect 2026 to bring a temporary upswing, driven mainly by the elections and the traditional increase in public spending that accompanies them. Still, this is seen as temporary increase of sales rather than a structural, long-term driver, even with the demand of infrastructure investment in Brazil and the positive impact it would bring in the Equipment Supply Chain and overall economy, underlining both the opportunities and the fragility of demand cycles in Brazil’s paving and construction equipment markets.

    Economy Analysts forecast an average annual growth rate of nearly 4% for construction between 2026 and 2029. Brazil’s government projects GDP expansion of 2.4% in 2026, slightly slower but still supportive of infrastructure demand. PSR

    Fabio Ferraresi is Director, Business Development, South Americafor Power Systems Research
    Heitor Aguiari is Senior Analyst at Power Systems Research

  • Q3 2025 Truck Production Index (PSR-TPI) falls -8.5%

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    St. Paul, MN (Oct. 13, 2025)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 117 to 107, or -8.5%, for the three-month period ending Sept. 30, 2025, from Q2 2025. The year-over-year (Q3 2024 to Q3 2025) loss for the PSR-TPI was, 109 to 107, or -1.8%.

    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 OE Link™, the proprietary database maintained by Power Systems Research.

    All Regions. In 2025, Medium and heavy commercial vehicle production in South America, Greater China, South Asia and Japan/Korea are expected to increase while European and North American production is expected to decline significantly this year over 2024.  Truck demand in North America and Europe is expected to show slight improvement in 2026.

    Global Index. Globally, medium and heavy commercial vehicle production is expected to decline 3.2% this year over 2024.  A moderate softening of the global economy along with negative impacts from increased tariffs has placed pressure on vehicle demand this year.  However, global truck demand is expected to see some improvement in 2026. PSR

    Jim Downey is vice president – global data products at Power Systems Research
    Chris Fisher is Senior Commercial Vehicle Analyst for Power Systems Research

  • 2025 North America Combine Production

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    DATAPOINT

    4,600 units is the estimate by Power Systems Research of the number of Combines expected to be produced in North America during 2025.

    A Combine is a farm machine that harvests grain crops. Combines can reap, thresh and winnow crops into a single process. Crops include wheat, oats, rye, barley, corn, etc.

    This product 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. PSR

    For details, download the complete report above.

    Carol Turner is Senior Analyst, Global Operations for Power Systems Research

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