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Andrew Wrobel, a资深动力总æˆåˆ†æžå¸ˆæ¥è‡ªEscelant [Rhein Associates], noted that the California Air Resources Board (CARB) has greenlit a $2.6 billion investment scheme aimed at accelerating the transition to zero-emission transportation. The bulk of these incentives and subsidies will focus primarily on promoting cleaner trucks and buses.
Adding to this, he mentioned that battery-electric truck production is anticipated to triple this year compared to last year. Despite this impressive growth, it remains relatively modest within the larger market context, representing less than 1% of total truck production.
In response to queries regarding the U.S. economic outlook, Kenny Vieth, President and Senior Analyst at ACT Research, remarked that the U.S. economy expanded by 2.9% in Q4'22, surpassing expectations and lifting full-year 2022 growth to 2.1%. This marked the first quarter since the pandemic began where every sector contributed positively to economic performance. He further stated that while their overall economic view remains consistent with previous projections, there's been a shift in timing: a mild and brief recession is still probable, but they now anticipate it occurring later than initially thought—likely aligned with the ongoing debt ceiling debate in Washington D.C.
The NA on-highway engine forecast, jointly produced by ACT Research and Escelant [Rhein Associates], provides insights into power-source activities for commercial vehicles with GVWs 5-8, including five-year projections for engine volumes and product trends. These forecasts are closely tied to the detailed NA CV vehicle forecasts released monthly by ACT. This report serves as a valuable resource for businesses and manufacturers within the commercial vehicle engine production supply chain, as well as companies tracking the investment potential of engine OEMs and their suppliers.
Rhein Associates stands out as a premier provider of competitive landscape intelligence for North American commercial vehicles and off-highway powertrains. Known for delivering precise, comprehensive, and pertinent data, analysis, and insights, Rhein Associates leverages analysts deeply engaged with the industry. Their extensive coverage spans on-road commercial vehicles, off-highway applications, marine, industrial, agricultural, and electrification sectors. Rhein Associates publishes *The Rhein Report*, offering weekly and monthly analyses of the market through news and expert commentary. Their powertrain forecast database includes OEM, Engine Model, and Specification details from 2010 to 2033 for both on-highway and off-highway uses. For more information, visit http://www.rheinassociates.com/.
ACT Research is acknowledged as the top publisher of data, market analysis, and forecasts for the commercial vehicle truck, trailer, and bus industries across North America and China. Major North American truck and trailer manufacturers, along with their suppliers, rely on ACT's analytical services, as do banking and investment firms. ACT Research contributes to the Blue Chip Economic Indicators and is part of the Wall Street Journal Economic Forecast Panel. Its executives have earned prestigious recognitions such as election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for the most accurate economic forecast over a four-year span. ACT Research senior staff members have also received accolades like the Chicago Federal Reserve Automotive Outlook Symposium’s Best Overall Forecast, the Wall Street Journal’s Top Economic Outlook, and USA Today’s Top 10 Economic Forecasters. Visit www.actresearch.net for more details.