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The São Paulo City Council has pushed back the deadline for CO2 reduction targets for the city’s bus fleet to 2054. This amendment allows operators to continue acquiring diesel-powered buses, contravening existing legislation. The bill now awaits the mayor’s decision for enactment or veto.
In late November 2024, KTM, one of the world’s leading motorcycle manufacturers, declared bankruptcy due to mounting debts totaling nearly US$3.09 billion (€3 billion). The company has since entered self-administration under Austria’s insolvency laws, granting it a 90-day protection period from creditors1. This move is part of a broader effort to restructure and stabilize the company’s finances.
The financial troubles have led to a temporary halt in production at KTM’s Mattighofen factory until the end of February 2025. This pause aims to clear the backlog of unsold bikes, with approximately 130,000 units in stock, many of which do not meet the new Euro 5+ emissions standards. The halt in production is a significant step as KTM works to manage its inventory and reduce costs.
Japanese automakers are taking drastic measures to keep pace with Tesla and Chinese EV leaders like BYD. Honda and Nissan are now closing in on an EV merger to join resources and fend off the incoming competition. The merger is designed to help survive industry’s rapid shift to electric power. The tie-up could likely involve a third auto partner from Japan which reports suggest might be Mitsubishi
Honda and Nissan have been paving the way for an EV partnership for several months now. In March, the Japanese auto giants announced plans to co-develop new software and other EV tech.
Reports came out in late December that workers building a BYD factory in Brazil were working in “slavery” conditions and were potentially victims of human trafficking. Without a doubt, something horrible was going on. How much BYD knew or didn’t know, we don’t know, but the company has now terminated its subcontractor, Jinjiang Construction Brazil.
“Brazilian authorities have halted the construction of a factory for Chinese electric vehicle (EV) giant BYD, saying workers lived in conditions comparable to ‘slavery’,” BBC reported. “More than 160 workers have been rescued in Brazil’s northeastern state of Bahia, according to a statement from the Public Labor Prosecutor’s Office (MPT).
The number of EVs sold across Europe fell by 3% to 3m during 2024, according to the latest data. This has come after the withdrawal of government tax breaks triggered a collapse in sales across Germany. The drop in Europe compared to a 40% surge in China, where 11m EVs were purchased. Sales across North America also rose 9% to 1.8m.
Volkswagen is considering keeping its German plants up and running while reinstating job security agreements until 2030, with the tradeoff being that workers would forgo bonus payments, according to an anonymous source.
The January 2025 issue of the Alternative Power Report published by Power Systems Research includes articles on Chinese EV activities in Europe and Brazil, EV sales in Europe, battery development and Chinese hybrids. PSR
Dumpers/Tenders are vehicles 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.
Utility style models are versatile and are extremely popular with homeowners. Dumper/Tenders, commonly referred to as the Power Buggy, are sought after pieces of equipment, much faster than a conventional wheelbarrow and can accelerate job site 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.
Carol Turner is Senior Analyst, Global Operations, at Power Systems Resources
The December 2024 issue of the Alternative Power Report published by Power Systems Research includes articles the successful trends in Chinese EV production, Mercedes’ solar paint product for EVs, new research on sodium-ion batteries and the development of rotary engines powered by hydrogen. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
The recent USA presidential elections suggest that the USA will embrace its status as the world’s leading gasoline state, while previous gasoline states like Saudi Arabia plough vast sums into the energy of the future, renewables.
The USA ceded manufacturing of the technologies required for fighting climate change — solar panels, wind turbines, batteries, electric vehicles, heat pumps, transformers, and more — to other countries, mostly China, over the past 40 years.
Under President Biden, the USA enacted massive and unprecedented tariffs to protect the remaining industries, working to keep American money at home. President-elect Donald Trump apparently will increase tariffs, according to statements he and other Republicans have made over the past year. These tariffs would be placed on imports from long-standing free-trade neighbors like Canada and Mexico.
PSR Analysis: If President-elect Trump does take America down this path, there is a suggestion that US alternative power/renewables industries will follow the fate of US innovation. Until recently, the USA led the world in innovation, but now foreign students are returning to their countries and being welcomed to do research with big budgets. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research