According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, the commercial vehicle (CV) industry continues to invest in new powertrain initiatives and lower carbon emissions from CV fleets despite an unfavorable economic outlook.
The NA On-Highway Engine OUTLOOK published by ACT Research and Rhein Associates highlights power-source activity for commercial vehicle GVWs 5-8, including five-year forecasts of engines volumes and product trends. The Engine Outlook ties to the detailed NA CV vehicle forecasts published monthly by ACT in the NA Commercial Vehicle OUTLOOK. This report benefits businesses and manufacturers in the commercial vehicle engine production supply chain, and any company following the investment value of engine OEMs and their suppliers.
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When asked about the US economic outlook, Kenny Vieth, President and Senior Analyst at ACT Research, commented, “Since March, the Fed has increased the federal funds rate by 375 basis points (bps). Monetary tightening by the Fed has pushed up borrowing costs for consumers, businesses, and the government to levels not seen in more than two decades.” He added, “Based on commentary from November’s Federal Open Market Committee (FOMC) meeting, there are more interest rate increases to come. As the Fed increases the cost of borrowing to banks, banks, in turn, are passing those higher costs to consumers and businesses.”
Regarding legislation, Andrew Wrobel, Senior Powertrain Analyst at Rhein Associates, said, “EPA is developing a new phase of greenhouse gas (GHG) requirements for heavy-duty (HD) engines and trucks that would apply beginning in model year 2030. This Phase 3 proposal would revise the GHG emission limits for HD vehicles while relying on the same basic certification and compliance structure already in place.”
He added, “Phase 3 is expected to include more stringent vehicle emission standards with enabled vehicle and engine emission-reduction technologies, and EPA will consider how zero-emission vehicle technologies play an important role in reducing air pollution from the HD sector.”
Rhein Associates is a leader in North American commercial vehicle and off-highway powertrain competitive landscape intelligence. Rhein Associates is renowned for providing the industry with accurate, thorough and relevant databases, analysis and insight, by analysts that are involved and connected in the industry. Our data covers both on-road commercial vehicle as well as the off-highway, marine, industrial, agricultural and electrification sectors. Rhein Associates publishes The Rhein Report, providing weekly and monthly analysis of the market through news and analysis The powertrain forecast database covers OEM, Engine Model and Specifications from 2010 through 2033 for both on-highway and off-highway applications. More information can be found at http://www.rheinassociates.com/
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including 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 2019 Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
ACT’s 68th Seminar is scheduled for February 21-23, 2023. The focus will be the continuous development of decarbonization and technological advancement in on-highway transportation. Each event ACT shares its best-in-class data and forecast in presentations while featuring guest speakers to expand upon topics of interest for the benefit of attendees. More information about Seminar 68 DRIVING DECARBONIZATION: THE FUTURE OF COMMERCIAL VEHICLES is forthcoming. Click HERE to register now.
With numerous technology applications and a current lack of mass adoption, the path to understanding the autonomous technology horizon is quality economic modeling. ACT Research, the gold standard in market data, forecasting, and total-cost-of-ownership development for the commercial vehicle market, has developed DRIVING AUTOMATION, a report aggregating relevant market information, diving deep into autonomous models, and presenting a technology adoption rate forecast over a 20-year horizon. To learn more about DRIVING AUTOMATION, click HERE.
For businesses working to understand the future of decarbonized powertrains across Classes 4-8 vehicles, ACT Research is continuing to develop and report groundbreaking analyses of various propulsion systems' evolution of battery and fuel cell electric and hydrogen internal combustion, government regulations and subsidies, electric, hydrogen, natural gas, and gasoline supply, and infrastructure as well as a TCO model of 50 unique vehicle applications across North America, Europe, and China through 2040. To join ACT Research in this effort as we work to develop our third edition of CHARGING FORWARD, a decarbonization forecast thru 2040, and to learn more, click HERE.
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Access more information about ACT’s N.A. On-Highway CV Engine OUTLOOK.
Access information about other ACT forecast publications, click here.
Access the previous N.A. On-Highway CV Engine OUTLOOK press release.