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Electrify Where It Makes Sense
NORTH AMERICA REPORT
Chris Fisher Energy and the environment are the issues that will redefine the trucking industry over the next decade. That’s what Chris Spear, president and CEO of the American Trucking Associations, told a room full of industry experts in November at the annual Cummins-Meritor and Pressure Systems International fleet technology event held in San Antonio, Texas.
But he said the timeline the industry has placed on the adoption of battery electric vehicles (BEV) and to achieve zero emissions are “completely unachievable.”
“It takes time. We’re not going to get there starting in 2030. We’re not going to meet that by 2035. It ain’t gonna happen,” Spear said, “and when it fails, it’s not only going to be embarrassing, it’s going to cost a lot of people their jobs. To me, that’s just unacceptable.”
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Outdoor Recreation Adds $1Trillion to U.S. Economy
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) recently released economic data from the Outdoor Recreation Satellite Account for the year 2022, showing the largest economic impact in its history and outdoor recreation’s economic impact on the U.S. economy.
These new figures reveal that outdoor recreation generates $1.1 trillion in economic output (2.2% of GDP), 4.98 million jobs and comprises 3.2% of U.S. employees.
From 2021 to 2022 the GDP contribution from outdoor recreation increased by 4.8% and employment increased by 7.4%, according to the report.
Outdoor recreation remains a significant sector of the U.S. economy. A wide range of activities—from hiking, boating, and hunting to golf and tennis—result in outdoor recreation jobs in a wide variety of industries
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2024 Combine Production: 7,100 Units
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. Combines overall boost crop output and farm income.
Trends: In 2022, production of…
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2023 NA Production: Graders
A Grader is a piece of heavy equipment used to level or smooth roads or other surfaces. Also referred to as a Road Grader or a Motor Grader.
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Tesla Breaks Ground for Diner with Theater and Supercharger
Guy Youngs Tesla has broken ground on the site of its planned futuristic diner with a drive-in theater and Supercharger station. This project has been in the works for several years. In 2018, Elon Musk said that Tesla planned to open an “old school drive-in, (with) roller skates & rock restaurant at one of the new Tesla Supercharger locations in Los Angeles.”
A few months later, Tesla applied for building permits for “a restaurant and Supercharger station” at a location in Santa Monica. However, the project stalled for a long time, apparently due to local regulations. Nevertheless, Tesla still moved forward with a Supercharger at the location, but it had to move the diner project to Hollywood. Last year, Tesla filed the construction plans with the city, giving us the first look at what the automaker intends to build.
Source: Electrek: Read The Article
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Lithium Deposit In Nevada Could Be World’s Largest
The Chinese were way ahead of the rest of the world when it came to recognizing the value of lithium. While most nations slept, China was busy identifying lithium deposits around the world and either buying them or negotiating deals with those who may not have fully appreciated lithium’s value.
It incentivized others to seek alternatives. New companies sprang up to extract lithium from salt brine, especially in the Salton Sea area of California. But these are years away from being able to supply America’s and the world’s needs.
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DataPoint: North America Production of Scooters
Scooters are motorized 2-wheeled vehicles used primarily for recreational.
Production climbed sharply in 2022, increasing by 24,686 units, or 14.6%, from 2021. We expect production to climb in 2023 as well, growing by about 3,725 units or 2%.
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Hydrogen Fuel Cell MH Commercial Vehicle Update
Chris Fisher With regards to zero-emission medium and heavy vehicles, we have heard during the past few years that battery electric commercial trucks will ultimately replace the diesel-powered internal combustion engine for commercial trucks. At some point in the future this might be true for short and regional haul freight carriers but what about the long-haul heavy truck segment?
Currently, the lack of charging infrastructure, range anxiety and the extreme weights associated with the batteries will be a significant deterrent to mass adoption of long-haul battery electric trucks. However, hydrogen fuel cell trucks for long-haul applications appear to be a viable option in this segment. Even though fuel cell trucks currently have a greater range and lighter weight than battery electric trucks, they have the same problem as electric trucks due to a lack of a power infrastructure.
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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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U.S. Economic Downturn this Year or Next?
Jim Downey SUMMARY. As we are halfway through 2023, there is more uncertainty with the economy than earlier in the year. The general consensus is there will be a recession coming soon in the United States, and now it is just a matter of whether this will happen later in 2023 or the first of part of 2024.
The latter may be more assumed recently. The stock market has not fallen, and the US economy has not entered a recession this year, 2023. Some of the factors that have prevented this are market investors being enthusiastic over AI (Artificial Intelligence) potential, the Federal Reserve’s pause in interest rate increases, and the slowdown of inflation. So seemingly the pause button has been hit on recession scenarios.
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