ACT Research: Emission Reduction Projects and General CV Trends Continue

According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, partnerships and investments to support new powertrains for and lower carbon emissions from commercial vehicle fleets continue, as do the general industry trends from 2021.

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.

, “Trucking costs increased in 2021 over 2020, and are expected to continue increasing in 2022, driven by driver wages, fuel costs, insurance premiums and repair costs.”  - Kenny ViethWhen asked about commercial vehicle trends, Kenny Vieth, President and Senior Analyst at ACT Research, commented, “Trucking costs increased in 2021 over 2020, and are expected to continue increasing in 2022, driven by driver wages, fuel costs, insurance premiums and repair costs.” He added, “Last year ended with long backlogs of unfilled new truck orders, and the trend is expected to continue in 2022. Capacity will remain a challenge, and underlying vehicle replacement needs will not change, so fleets will need to plan accordingly when ordering.”

Andrew Wrobel, Senior Powertrain Analyst at Rhein Associates, commented, “Partnerships and investments continue, regarding both technology development and infrastructure. One example is the recent announcement from the US Department of Energy for $35 million in funding of 12 projects to develop technologies to reduce methane emissions in the oil, gas and coal industries. No doubt this and other public-private and private-private efforts will translate to advanced technologies and reduced emissions from the CV industry, as well.”

When asked about natural gas vehicles Wrobel commented, “Demand for natural gas vehicles is currently driven by specific vocations. If regulations change to encourage well-to-wheel emission reduction, more adoption would be expected.”

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 Research recently completed POWER UP, a look at 7 global regions and more than 20 countries in a review of local regulations, infrastructure, and the impact on the adoption of battery and fuel cell electric commercial vehicles through 2040. This forecast is the first of its kind, a review of the decarbonization of commercial vehicles around the world. POWER UP is available now at https://www.actresearch.net/power-up/.

Additionally, ACT Research published an update to CHARGING FORWARD, a North American-centric battery and fuel cell electric vehicle adoption rate forecast, covering 23 vehicle applications, in Classes 4-8 commercial vehicles, through 2040. CHARGING FORWARD is considered by many industry leaders to be the apex of analysis and economic-based total cost of ownership modeling in the industry. And, it is now available for purchase at https://www.actresearch.net/electric-vehicles-charge/.

Currently, the team at ACT Research is engaged in a commercial autonomous vehicle multi-client study. Through this work, we will identify adoption rates and forecast autonomous Classes 4-8 vehicles through 2040. If you’re working to understand the economic value proposition or the unit economics of different autonomous models, participation in this study is a must. Learn more at https://www.actresearch.net/autonomous-cv/.

Click below to:

Get more information about ACT’s N.A. On-Highway CV Engine OUTLOOK.

Access information about other ACT forecast publications. 

Back to Blog

Related Articles

ACT Research: COVID-19 Impacts NA CV Markets

According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, the global...

ACT Research: CV Demand Reaping Rewards of COVID-Related Services-to-Goods Substitution

In the release of its Commercial Vehicle Dealer Digest, ACT Research reported even before the...

ACT Research: Class 8 Orders Expected to Rise Materially in Coming Months

In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that, as expected and...