#United States Electric Vehicles Market 2024

[aarunresearcher]

The United States electric vehicles market size is projected to exhibit a growth rate (CAGR) of 31.6% during 2024-2032. The increasing investments in charging infrastructure by both public and private entities, the rising corporate policies promoting the use of EVs, the growing integration of electric vehicles with autonomous driving technologies, the escalating efforts to educate consumers about the benefits of electric vehicles, and the stringent emission regulations are some of the factors propelling the market.

[rjzimmerman]

Excerpt from this story from EcoWatch:

In its new Global EV Outlook 2024, the International Energy Agency (IEA) said electric vehicle (EV) sales will reach 17 million this year — up from 14 million in 2023.

In 2024, EVs are projected to make up roughly one out of nine cars sold in the United States, one in four in Europe and 45 percent of total car sales in China, an IEA press release said.

“Electric cars continue to make progress towards becoming a mass-market product in a larger number of countries,” the report said. “Tight margins, volatile battery metal prices, high inflation, and the phase-out of purchase incentives in some countries have sparked concerns about the industry’s pace of growth, but global sales data remain strong.”

More than one-fifth of cars sold globally in 2024 are predicted to be electric, with growing demand set to substantially reduce oil consumption used for road transportation over the coming decade, the press release said.

The pace of EV sales means road transportation’s oil demand is expected to peak around 2025, according to the IEA report, as Reuters reported.

The report added that around six million barrels of oil per day would be cut from oil demand by 2030, with an 11 million barrel reduction by 2035 if countries meet their stated climate and energy policies.

By 2030, EVs are projected to make up nearly one in five cars on the roads in the U.S. and European Union and one in three in China.

[dreaminginthedeepsouth]

LETTERS FROM AN AMERICAN

May 14, 2024

HEATHER COX RICHARDSON

MAY 15, 2024

Today the White House announced tariffs on certain products imported from China, including steel and aluminum products, semiconductors, electric vehicles, batteries and battery components, solar cells, ship-to-shore cranes, syringes and needles, and certain personal protective equipment (or PPE). According to the White House, these higher tariffs are designed “to protect American workers and businesses from China’s unfair trade practices.” Tariffs are essentially taxes on imported goods, and altogether the tariff hikes cover about $18 billion in imported goods.

In 2018, Trump abruptly ended the economic era based on the idea that free trade benefited the global economy by putting tariffs of 25% on a wide range of foreign made goods. This was a cap to a set of ideas that had been sputtering for a while as industries moved to countries with cheaper labor, feeding the popular discontent Trump tapped into. Trump claimed that other countries would pay his tariffs, but tariffs are actually paid by Americans, not foreign countries, and his have cost Americans more than $230 billion. Half of that has come in under the Biden administration. 

Trump’s tariffs also actually cost jobs, but they were very popular politically. A January 2024 National Bureau of Economic Research working paper by David Autor, Anne Beck, David Dorn, and Gordon H. Hanson established that the trade war of 2018–2019 hurt the U.S. heartland but actually helped Trump’s reelection campaign. “Residents of regions more exposed to import tariffs became less likely to identify as Democrats, more likely to vote to reelect Donald Trump in 2020, and more likely to elect Republicans to Congress,” they discovered.

Now Trump is saying, that if elected, he will impose a 10% tariff on everything imported into the United States, with a 60% tariff on anything from China and a 100% tariff on any cars made outside the U.S. 

In contrast, the administration’s new tariffs are aimed only at China, and only at industries already growing in the U.S., especially semiconductors. Tariffs will rise to 50% on semiconductors and solar cells, 100% on electric vehicles, and 25% on batteries, a hike that will help the Big Three automakers who agreed to union demands in newly opened battery factories, as well as their United Auto Workers workforce. “I’m determined that the future of electric vehicles be made in America by union workers. Period,” Biden said.

The administration says the tariffs are a response to China’s unfair trade practices, and such tariffs are popular in the manufacturing belt of Michigan, Wisconsin, Ohio, and Pennsylvania. Democratic senators from that region have asked Biden to maintain or increase tariffs on Chinese imports after “[g]enerations of free trade agreements that prioritize multinational corporations have devasted our communities, harmed our economy, and crippled our job market.” 

In other economic news, a new rule capping credit card late fees at $8, about a quarter of what they are now, was supposed to go into effect today, but on Friday a federal judge in Texas blocked the rule. The new cap was set by the Consumer Financial Protection Bureau (CFPB), the brainchild of Massachusetts Democratic senator Elizabeth Warren, and was part of the Biden administration’s crackdown on “junk fees.” 

The U.S. Chamber of Commerce and the American Bankers Association sued to stop the rule from taking effect, and U.S. District Judge Mark Pittman, appointed by Trump, issued a preliminary injunction against it. His reasoning draws from an argument advanced by the far-right Fifth Circuit, which oversees Texas, Mississippi, and Louisiana, arguing that the CFPB itself is unconstitutional because of its funding structure. "Consequently, any regulations promulgated under that regime are likely unconstitutional as well," Pittman wrote. 

On Friday, major airlines, including American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, Hawaiian Airlines, and Alaska Airlines—but not Southwest Airlines—sued the U.S. Department of Transportation over its new rule that requires the airlines disclose their fees, such as for checking bags, upfront to consumers. The department says consumers are overpaying by $543 million a year in unexpected fees. 

The airlines say that the rule will confuse consumers and that its “attempt to regulate private business operations in a thriving marketplace is beyond its authority.”

The other big story of the day is the continuing attempt of the MAGA Republicans to overturn our democratic system. 

This morning, House speaker Mike Johnson (R-LA), second in line for the presidency and sworn to uphold the Constitution, left his post in Washington, D.C., to appear with former president Trump at his trial for falsifying business records to deceive voters before the 2016 election. The House was due to consider the final passage of the crucially important Federal Aviation Authority Reauthorization Act, but Johnson chose instead to show up to do the work the judge’s gag order means Trump cannot do himself, attacking key witness Michael Cohen, Trump’s former fixer. Johnson described Cohen as “clearly on a mission for personal revenge” and, citing his “history of perjury,” said that “[n]o one should believe a word he says in there.” 

“I do have a lot of surrogates,” Trump boasted this morning, “and they are speaking very beautifully.” Senator Tommy Tuberville (R-AL), who was also at the trial this morning, later said on Newsmax that they had indeed gone to “overcome this gag order.” 

Johnson went on to call the trial “corrupt” and say “this ridiculous prosecution…is not about justice. It’s all about politics.” He left without taking questions. Meg Kinnard of the Associated Press called out the moment as “a remarkable moment in modern American politics: The House speaker turning his Republican Party against the federal and state legal systems that are foundational to the U.S. government and a cornerstone of democracy.”

Peter Eisler, Ned Parker, and Joseph Tanfani of Reuters explained today how those attacks on our judiciary are sparking widespread calls for violence against judges, with social media posters in echo chambers goading each other into ever more extreme statements. According to her lawyer, Stephanie Clifford, also known as Stormy Daniels, wore a bullet-proof vest as she came and went from court, an uncanny echo of the precautions necessary in mob trials.   

In a different attack on our constitutional system, House Republicans are trying to replace the administration’s foreign policy with their own. Over the weekend, they introduced a bill to force President Biden to send offensive weapons to Israel for its invasion of Rafah, overruling the administration’s decision to withhold a shipment of 2,000-pound and 500-pound bombs after Israeli prime minister Benjamin Netanyahu announced his government would invade Rafah despite strong opposition from the Biden administration. 

White House press secretary Karine Jean-Pierre told reporters: “We strongly, strongly oppose attempts to constrain the president’s ability to deploy a U.S. security assistance consistent with U.S. foreign policy and national security objectives.”

The Constitution establishes that the executive branch manages foreign affairs, and until 2015 it was an established practice that politics stopped at the water’s edge, meaning that Congress quarreled with the administration at home but the two presented a united front in foreign affairs. That practice ended in March 2015, when 47 Republican senators, led by freshman Arkansas senator Tom Cotton, wrote a letter to Iran’s leaders warning that they would not honor any agreement Iran reached with the Obama administration over its development of nuclear weapons. 

The Obama administration did end up negotiating the July 2015 Joint Comprehensive Plan of Action with Iran and several world powers, under which Iran agreed to restrict its nuclear development and allow inspections in exchange for relief from economic sanctions. In 2018 the extremist Republicans got their way when Trump withdrew the U.S. from the deal, largely collapsing it, after which Iran resumed its expansion of the nuclear enrichment  program it had stopped under the agreement.  

Now extremists in the House are trying to run foreign policy on their own. The costs of that usurpation of power are clear in Niger, formerly a key U.S. ally in the counterterrorism effort in West Africa. The new prime minister of Niger, Ali Mahaman Lamine Zeine, whose party took power after a coup d’état threw out Niger’s democratically elected president, defended his country’s turn away from the U.S. and toward Russia in an interview with Rachel Chason of the Washington Post. Recalling the House’s six month delay in passing the national security supplemental bill, he said: “We have seen what the United States will do to defend its allies,” he said, “because we have seen Ukraine and Israel.”

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

[mariacallous]

All roads lead to Phoenix. On the gravy train of greenfield investment riding on the back of Inflation Reduction Act legislative incentives in the United States, no county ranks higher than Arizona’s Maricopa. The county leads the nation in foreign direct investment, with Taiwan Semiconductor Manufacturing Corp. (TSMC), Intel, LG Energy, and others expanding their footprint in the Grand Canyon State. But Phoenix is neither the next Rome nor the next Detroit. The reasons boil down to workers and water.

First, the labor. America’s skilled worker shortage has been well documented since before the Trump-era immigration slump and pandemic border closures. Especially in the tech industry—the United States’ most productive, high-wage, and globally dominant sector—a huge deficit in homegrown engineering talent and endlessly bungled immigration policies have left Big Tech with no choice but to outsource more jobs abroad.

Arizona dangled its low taxes and sunshine, but TSMC has had to fly in Taiwanese technicians to jump-start production at the 4 nanometer chip plant that was meant to be completed by 2024, but has been delayed until 2025 at the earliest.

The salvage operation calls into question whether the more advanced and miniaturized 3 nanometer plant—scheduled to open in 2026 will stay on course. (With two-thirds of its customer base—including Apple, AMD, Qualcomm, Broadcom, Nvidia, Marvell, Analog Devices, and Intel—in the United States, it’s no wonder TSMC wants to speed things up.)

From electric vehicles to gaming consoles, the forecasted demand for the company’s industry-leading chips is projected to rise long into the future—and its market share is already north of 50 percent. Given the geopolitical risks it faces in Asia, a well-trained U.S. workforce could give it the comfort to establish the United States as a quasi-second headquarters. After all, Morris Chang, the company’s founder, had a long first career with Texas Instruments.

But the next slowdown they may face is Arizona’s dwindling water supply. In just the past year, Scottsdale cut off water to Rio Verde Foothills, an upscale unincorporated suburb on its fringes, due to the region’s ongoing megadrought and its curtailed allocation of Colorado River water. This was followed by Phoenix freezing new construction permits for homes that rely on groundwater.

Forced to find other sources, industry players have stepped up buying water rights from farmers, essentially bribing them to stop growing food that would serve the region’s fast-growing population. Then there are the backroom deals involved in an Israeli company receiving the green light for a $5.5 billion project to desalinate water from Mexico’s Sea of Cortez and pipe it 200 miles uphill through deserts and natural preserves to Phoenix.

Water risk brings political risk for companies. Especially in Europe, governments are carefully weighing the short-term benefits of corporate investment versus the climate stress it exacerbates. They have good reason to be suspicious: Firms such as Microsoft have been notoriously inconsistent in reporting their water consumption, and promises to replenish consumed water haven’t been delivered on. And even if data centers are becoming more efficient, growing demand just means more of them. Some European provinces have blocked data center development, pushing them to locations with high heat risk.

Europe’s regulatory stringency has long been off-putting to foreign investors, which is what makes European officials so weary of Washington’s aggressive Inflation Reduction Act, CHIPS and Science Act and Infrastructure Investment and Jobs Act.

But to fulfill its promise of putting the United States on a path toward sustainable industrial self-sufficiency, these policies need to better align investment with resources, matching companies to geographies that best suit their needs. It would be better to direct capital allocation to climate resilient regions than to throw good money after potentially stranded assets.

If any company ought to know better on all these matters, it’s TSMC. In Taiwan itself, the industry’s huge energy and water consumption are a source of controversy and difficulty. Not only have droughts on the island occasionally slowed production, but the company’s own water consumption rose 70 percent from 2015-19.

Furthermore, Taiwan knows that its real special sauce is precisely the technically skilled workforce that the United States lacks. Yet TSMC has doubled down on Phoenix, a place without a reliable long-term water supply for industry, little in the way of renewable energy, and a construction freeze that will make it challenging to house all the workers it needs to import.

With all the uncertainty over both water and workers, this begs the question of whether the semiconductor company the entire world is courting would have been better off establishing its U.S. beachhead in the upper Midwest or northeast instead? Ohio, upstate New York, and Michigan rank high in greenfield corporate investments, resilience to climate shocks, and are abundant in quality universities and technical institutes.

Amid accelerating climate change and an intensifying war for global talent, how can those devising U.S. industrial policy better select the appropriate locations to steer investment to?

States with higher climate resilience than Arizona are starting to flex for greater investment. According to recent data, Illinois has climbed to second place nationally for corporate expansion and relocation projects. The greater Chicago area and state as a whole are touting their tax benefits, underpriced real estate, growth potential, and grants to prepare businesses to cope with climate change.

Other parts of the Great Lakes region, such as Michigan and Ohio, are also regaining confidence in their industrial revival, pitching heavily for both domestic and foreign commercial investment while emphasizing their affordability and climate adaptation plans.

Just over the border, Canada has been wildly successful in poaching foreign skilled workers unable to secure or maintain green card status in the United States while also investing heavily in economic diversification—all with the benefit of nearly unlimited natural resources and energy supplies. While Canada hasn’t yet rolled out Inflation Reduction Act-style tax breaks to lure investors, it abounds in critical minerals for EV batteries (nickel, cobalt, lithium and rare earths such as neodymium, praseodymium, and niobium) as well as hydropower.

The more that climate change warps the United States, the more grateful it should be that its most natural and staunch ally occupies the most climate resilient real estate on the North American continent, even taking into account the raging wildfires of this summer. But rather than covet Canada the way China does Russia—as a vast and depopulated resource bounty—the United States and Canada should cooperate far more proactively on a continental scale industrial policy that would bring about true self-sufficiency from the Arctic to the Caribbean.

This is where geopolitical interests, economic competition, and climate adaptation converge. As Canada’s population surges by up to 1 million new permanent migrants annually, a more unified North American system would be more self-sufficient in crucial commodities and industries, less vulnerable to supply chain disruptions abroad, and avoid unnecessary carbon emissions from excessive inter-continental trade. Thirty years after the NAFTA agreement, it seems more sensible than ever to graduate toward a more formal, autarkic North American Union.

One can easily imagine Greenland joining one day—the country already enjoys autonomy from its colonizer (Denmark) and is now pushing for complete independence, driven partly by the desire to control more of the riches that climate change has revealed it to possess.

Meanwhile, in Taipei, there are far more complex geopolitical consequences to consider. TSMC has long been considered Taiwan’s “silicon shield,” a leader of industry so important that a conflict that took it offline would be a major own-goal for China. But it is precisely the combination of the China threat, environmental stress, and pandemic-era supply chain disruptions that convinced TSMC’s customers that its home nation represents too large a concentration risk.

Now TSMC and its rivals are expanding production from Japan to the United States, Europe, and India. This globally diversified set of chip manufacturers is easier for China to exploit as countries more susceptible to Chinese pressure become less rigid in compliance with U.S.-led export controls over advanced technologies.

At the same time, if the United States no longer depends on Taiwan itself for the majority of its semiconductor supply in just five to seven years, will it be as willing to defend Taiwan militarily? This, not Ukraine, is what Beijing is watching for as it pursues its own “Made in China” quest for self-sufficiency.

Industrial policy is back in vogue as a national security and economic strategy. But to get it right requires aligning investment into industry and infrastructure with the geographies of resources and resilience. The countries that build climate adaptation into their strategies will be the ones that build back better.

[fcc2024]

Introduction to nascent AI usage

From 2024 to 2035, the world of technology and AI  has progressed quickly, at rates like never seen before. In recent years, China has emerged as a powerhouse in the AI field, investing heavily in quantum computing and network research. These technologies have enhanced machine learning capabilities,  driving breakthroughs in complex problem-solving and pattern recognition. By 2028, they had implemented AI-driven governance systems to optimise public services, decision-making and urban planning.  

The United States has also made significant progress in AI ethics and regulations, establishing a comprehensive framework to govern the responsible use of AI in various sectors. Its comprehensive usage of AI has then allowed the United States to remain as one of the AI powerhouse. elaborate more on US like you did for China, what specific fields of AI have they helped in 

The European Union led the way with integration of AI in financial markets, utilising advanced learning algorithms for real-time risk assessment and market predictions, allowing their market share to grow more quickly than ever before. By leveraging on AI technologies, the EU has experienced exponential economic growth, while remaining  aware of the potential threats of AI usages. 

Other countries have also quickly made transitions, integrating the usage of AI in their daily lives. Utilisation of AI in militarisation has been prevalent in this day and age, with Israel at the forefront of this technology. Due to the steadfast advancement in technology for AI, It is now more powerful, efficient and deadlier than ever before. There has also been a heavy integration of AI in daily lives to solve socio-economic problems by Japan, implementing AI-driven healthcare systems that revolutionised patient care and diagnostics.

Globally, countries have been  encouraged to embrace AI in environmental conservation, through employing machine learning algorithms to monitor and combat deforestation in their country. As part of environmental efforts, there is now an availability of sustainable food sources with a reduction of unsustainable agriculture. This is achieved through clever farming that reduces diseases in livestocks which in turn increases the food supply. Countries have also been exploring more alternatives to renewable energy and methods of reducing carbon emissions. In these years, some of the most noticeable shifts in the way of life due to technological developments include the prevalence of self driving cars and electric vehicles with AI incorporated to prevent any accidents (up to 75% of the world uses it), and crime rates being drastically reduced due to surveillance systems throughout the whole city, reaching a all time low. People are now also able to engage in services such as anti-ageing technology and space travelling. 

The world today has truly made remarkable advancements in the field of AI. Welcome to the future, where the rise of artificial intelligence is nothing short of an unstoppable force, destined to shape the destiny of humanity. Long live the technological revolution! 

[newstfionline]

Monday, September 18, 2023

Americans broadly support military strikes in Mexico, Reuters/Ipsos poll finds (Reuters) About half of Americans support sending U.S. military personnel into Mexico to fight drug cartels, according to a Reuters/Ipsos opinion poll, though there is less backing for sending troops without Mexico’s approval. The findings show broad public support for calls by most major candidates in the 2024 Republican presidential nomination contest to send special forces into Mexico, the U.S.’s biggest trading partner, or conducting missile or drone strikes there. Some of the candidates have said they would be prepared to send military forces without first receiving permission from the Mexican government. With the United States experiencing a dramatic rise in overdose deaths related to the synthetic opioid fentanyl, tamping down the flow of narcotics from Mexico has become a major theme among Republicans. Almost 80,000 Americans died from opioid-related overdoses in 2022, according to the U.S. Centers for Disease Control, with fentanyl being the primary culprit.

Battle Over Electric Vehicles Is Central to Auto Strike (NYT) A battle between Detroit carmakers and the United Auto Workers union, which escalated on Friday with targeted strikes in three locations, is unfolding amid a once-in-a-century technological upheaval that poses huge risks for both the companies and the union. The strike has come as the traditional automakers invest billions to develop electric vehicles while still making most of their money from gasoline-driven cars. The negotiations will determine the balance of power between workers and management, possibly for years to come. That makes the strike as much a struggle for the industry’s future as it is about wages, benefits and working conditions. The established carmakers are trying to defend their profits and their place in the market in the face of stiff competition from Tesla and foreign automakers. Workers are trying to defend jobs as manufacturing shifts from internal combustion engines to batteries. Because they have fewer parts, electric cars can be made with fewer workers than gasoline vehicles. A favorable outcome for the U.A.W. would also give the union a strong calling card if, as some expect, it then tries to organize employees at Tesla and other nonunion carmakers like Hyundai, which is planning to manufacture electric vehicles at a massive new factory in Georgia.

Guatemala’s president-elect says he’s ready to call people onto the streets (AP) President-elect Bernardo Arévalo plans to call Guatemalans into the streets next week to protest efforts to derail his presidency before he can take office, he said Friday in an interview with The Associated Press. It would be Arévalo’s first such request since winning the election Aug. 20. Since his landslide victory, the attorney general’s office has continued pursuing multiple investigations related to the registration of Arévalo’s Seed Movement party, and alleged fraud in the election. International observers have said that is not supported by evidence. Arévalo said he has tried his own legal maneuvers to stop those who want to keep him from power, but now it’s necessary for the people to come out to the streets to support him. Arévalo, a progressive lawmaker and academic, shocked Guatemala by making it into an Aug. 20 presidential runoff in which he beat former first lady Sandra Torres by more than 20 points.

Ukraine’s Crimea attacks seen as key to counter-offensive against Russia (BBC) This week saw spectacular Ukrainian attacks on the Crimean Peninsula, hitting Russian warships and missiles. Estimates of the damage done ran into billions of pounds and raised the question: is Ukraine getting ready to retake Crimea, which Russia annexed in 2014? Crimea is a Russian fortress, so it is important not to get carried away. The Ukrainian Defense Ministry estimates that some 32,000 Russian troops were stationed in Crimea ahead of Russia’s February 2022 invasion. Russian nuclear weapons are reportedly deployed there as well. “[Ukraine’s] strategy has two main goals,” says Oleksandr Musiienko, from Kyiv’s Centre for Military and Legal Studies. “To establish dominance in the north-western Black Sea and to weaken Russian logistical opportunities for their defence lines in the south, near Tokmak and Melitopol.” In other words, operations in Crimea go hand-in-glove with Ukraine’s counter-offensive in the south.

Three Neighbors of Ukraine Ban Its Grain as E.U. Restrictions Expire (NYT) Hours after the European Union ended a temporary ban on imports of Ukrainian grain and other products to five member nations, three of them—Poland, Hungary and Slovakia—defied the bloc and said they would continue to bar Ukrainian grain from being sold within their borders. As Ukraine, one of the world’s largest grain exporters, has struggled to ship its grain because of Russia’s invasion, the European Union has opened up to tariff-free food imports from the country, a move that had the unintended consequence of undercutting prices and hurting farmers in several countries in the east of the European Union. As part of a deal meant to protect those countries, the bloc allowed some grain to transit through them, but prohibited domestic sales. Brussels’ decision to let that deal expire at midnight on Friday revived an issue that has threatened European Union unity on support for Ukraine. The Hungarian agriculture minister, Istvan Nagy, announced an extended ban that would include more products in a Facebook post early Saturday morning, saying that “we will protect the interests of the farmers.” On Friday, Poland’s president ordered that the ban be kept in place and Slovakia’s ministry of agriculture also announced a continuation of the ban, underlining that it didn’t apply to transit through the country.

Afghan Taliban Detain 18, Including American, on Charges of Preaching Christianity (VOA) Afghanistan’s Taliban have detained 18 staffers, including an American, from a nonprofit group for allegedly preaching Christianity. The Afghan-based International Assistance Mission (IAM) confirmed Friday that Taliban authorities had twice raided its office in central Ghor province this month and taken away the staff. They were taken into custody on charges of “propagating and promoting Christianity” in Afghanistan, a spokesman said. The IAM says on its website that the nonprofit group has been working in Afghanistan only to improve lives and build local health, community development and education capacity. “We are a partnership between the people of Afghanistan and international Christian volunteers, and we have been working together since 1966.”

U.S. and China Expand Global Spy Operations (NYT) As China’s spy balloon drifted across the continental United States in February, American intelligence agencies learned that President Xi Jinping of China had become enraged with senior Chinese military generals. Mr. Xi was not opposed to risky spying operations against the United States, but American intelligence agencies concluded that the People’s Liberation Army had kept Mr. Xi in the dark until the balloon was over the United States. When Mr. Xi learned of the balloon’s trajectory and realized it was derailing planned talks with Secretary of State Antony J. Blinken, he berated senior generals for failing to tell him that the balloon had gone astray, according to American officials briefed on the intelligence. The episode threw a spotlight on the expanding and highly secretive spy-versus-spy contest between the United States and China. The balloon crisis, a small part of a much larger Chinese espionage effort, reflects a brazen new aggressiveness by Beijing in gathering intelligence on the United States as well as Washington’s growing capabilities to collect its own information on China. The C.I.A. and the Pentagon’s Defense Intelligence Agency have set up new centers focused on spying on China. U.S. officials have honed their capabilities to intercept electronic communications, including using spy planes off China’s coast. The spy conflict with China is even more expansive than the one that played out between the Americans and the Soviets during the Cold War, said Christopher A. Wray, the F.B.I. director.

Villagers survived Morocco’s earthquake but lost nearly everything else (Washington Post) By all accounts, life in this village in Morocco’s Atlas Mountains was simple and good, even if it was rarely easy. Families had lived for generations in the small cluster of houses surrounded by olive and nut trees, which generated a third of the village’s income. Money from sons and daughters who grew up and moved to cities provided the rest. When a 6.8-magnitude earthquake shook the region on Sept. 8, Tiniskt was decimated in a matter of seconds. More than 50 of its 330 residents died—there was no time to wash and bury them properly. Everyone knew each of the dead. But the survivors have each other. They have spent the past week in blue, government-provided tents. On a recent morning, women ladled out milk porridge from communal pots for breakfast. Men parceled out equal portions of donated goods for each family. Boys played soccer in the dirt. Toddlers nestled into adults’ laps—it didn’t matter whose. On Thursday, Morocco’s King Mohammed VI announced an aid package to help people rebuild their homes. The villagers in Tiniskt—used to relying on each other—weren’t waiting around. A local association affixed solar lights to wooden poles to illuminate the central road. A young man collected plastic to construct a shower. Starting over was a daunting task, one man said. But it their only choice.

Adventure tourism (NYT) In 2001, a British man named Tom Morgan decided to host an extreme car race. It would start in Britain and end in what he thought was the world’s most difficult destination for most people to reach: Ulaanbaatar, Mongolia, more than 5,500 miles away. He called it the Mongol Rally. Participants had to drive the worst car they could find, avoid any planning and have as much fun as possible. Only six cars raced the first year. But interest grew as people began to talk about the rally online. “It’s gone ballistic,” Morgan said. More than 2,000 teams are on the wait-list to join the next Mongol Rally. The growing popularity of the race is one example of interest in trips to remote destinations. Adventure travel companies and insurance providers are reporting record sales this year. Companies say their clients are skipping Bali or Santorini in favor of destinations with less tourism infrastructure. The number of visitors to Antarctica has more than tripled in the last decade. Nepal granted a record number of permits to climb Mount Everest this year. And car rental companies in Mongolia sold out of SUVs this summer.

[freewayinsurance]

What Happened to the VW Bus? Is It Coming Back?

Actually, nothing happened to the VW bus. It just became less popular, temporarily, in the United States. And yes, it is coming back in a big way!

After the 1970s, the U.S. shut down VW bus manufacturing since the popular van was no longer was able to meet new safety and emissions standards. Production continued in Brazil, however, until 2014, when Brazil enacted new standards that the current model of the bus couldn’t meet. When that happened, the German production factory shut down its production after 63 years – the longest running time of any vehicle ever.

Now, many people are excited to learn the Volkswagen Bus is coming back next year, in 2024 – as the ID. Buzz (yes, that is its name!). It’s electric, eclectic and brings back a hint of the hippie movement psychedelic nostalgia with its neon colors: tangerine, lime, grape and more. Volkswagen is hoping to once again earn the respect and admiration of a new generation of car buyers.

One reason the VW bus became obsolete was its failing safety measures. No matter what you choose to drive, being safely prepared for the road by purchasing affordable car insurance will ensure your favorite vehicle never goes out of style.

The Peculiar History of the VW Bus

Although many people in the U.S. think of the iconic Volkswagen bus as the original hippie van from the 1960s, it has a different association in Europe, where it was born in Germany in the 1940s. Colloquially called the VW Bus in America and the VW Camper in the UK, the Volkswagen bus was modeled after the German Plattenwagen, a vehicle originally made to carry car parts. Dutch businessman, race car driver, winemaker and Olympian Ben Pon, always looking for something new and already selling the hugely popular VW Beetle in the United States, saw the Plattenwagen during a tour of the Volkswagen plant in West Germany one day and the lightbulb went off.

The Beetle paved the way for what was known then as the VW Transporter, later called the Volkswagen Microbus and then, in later years, the Bus. In the 1950s when the Transporter hit the market, buyers could choose from 8 different models, all designed to answer a specific need. Today, there are more than 15 variations of the Transporter (or T models) on the market.

For example, the Kombi VW bus featured removable rear seats so consumers could use the van to carry cargo (and people). A variety of side windows options also made an appearance during these days, with a low-end version offering 11-15 windows spaced around the van and high-end versions offering 23-window VW buses. Early models carried a hard to clean split front windshield, earning it one of many nicknames, “the Splitty.” Volkswagen did away with this unpopular feature, creating a solid front windshield.

In Europe, families and friends used the popular bus for camping trips, as did Americans, who also plastered peace signs all over it and drove it to see Jerry Garcia and the Grateful Dead. Europeans turned it into an ambulance, and everyone used its large interior for deliveries and carting stuff around.

In the 1960s, things began to turn around in the U.S. market when people became more concerned with vehicle safety and emissions – and something known as the chicken tax.

Chicken Tax

The Chicken War started when American farmers adopted poultry factory farming practices in the 1950s. Soon, chicken was being exported to Europe in mind-boggling numbers – which didn’t sit well with German farmers. Feathers flew and, as a result, high tariffs were implemented on imported chicken in Europe.

In America, the United Auto Workers were threatening a strike over the importing of the popular Volkswagen Type 2 pickup truck.

In response to both of the above, President Johnson imposed a 25% tax on imported light trucks. Called the Chicken Tax, it’s still in effect today. The effect on the Volkswagen is, in order to avoid the Chicken Tax, the vehicle cannot be sold as a truck or any kind of commercial vehicle.

Today’s Volkswagen Bus

Today, three different iterations of the VW bus are on the production line at a plant in Hanover, Germany. The model year T6 continues to be built with a van platform but is ceasing production with the new ID. Buzz. This is its last year. The T7 is a medium-sized Transporter with a large cargo area marketed as a plug-in hybrid. And the newest member of this family of unconventional members is the Buzz, due in the U.S. in 2024.

In Europe, the electric Buzz rolled into the market in 2022 and found new categories to master, including as a police car, a school bus, a postal truck and much more. But in America, the Buzz will never climb to the exalted ranks of a service vehicle. The chicken tax took care of that. It will always be a passenger van on these shores.

The Buzz About the Buzz

Let’s talk specifics about this new van that’s supposed to bring us all back to the days of concerts, tie-dye and peace signs. Of course, it is electric. But what other changes will we see?

Appearance: Some people think the new Buzz looks similar to the old Scooby-Doo van. Others think it looks like what might happen if a modern minivan had a baby with a sleek sports car. It certainly no longer has the goofy smile of the old VW Bus. Some people say it looks like an angry cousin.

Mechanics: It’s no longer necessary to carry around the “How to Fix Your Volkswagen for the Complete Idiot” and 3 wrenches. The downside is that a paper clip and a rubber band won’t fix the rear engine until you can get it to a shop. And, gasp, it comes in automatic transmission, too. Staying on top of maintenance will get you further.

Noise and Driving: If you’ve ever driven or ridden in an older VW Microbus, you already know how noisy it was, with bone-jarring shakes and rattles. It may – or may not – make it up that steep hill in the mountains of Colorado. Perhaps try reverse to make it up? Today’s version will have up to 201 horsepower (the original had an HP of two digits). It’s supposed to be much easier to maneuver. You’ve got to wonder if they took out all the fun!

Smart Car: You probably won’t consider the new Buzz as you did its distant little brother or sister. In the 60s, the bus was considered a valuable and friendly member of the family. The Buzz is more like the rather stern computer Hal in “2001: A Space Odyssey” (except for the part where Hal goes crazy and murders the crew). That won’t happen with Buzz, but it may stop you from switching lanes without signaling or flashing colors at you if there’s an obstruction in the road.

Overall, VW is banking on the new trend for electrical vehicles to help it become the world player it once was with the Beetle and the original VW bus in decades past. And although it may cost quite a bit more than the original ($1,800 vs $40,000), there are still fans clamoring to get a piece of yesterday for today.

Protect Your Vehicle Investment with Freeway Insurance

Whether you choose to drive a new electric VW Buzz or you are thrilled to get your hands on the iconic 60s version, having the right auto insurance can help you protect your ride and yourself. At Freeway Insurance, we can find affordable insurance that meets your budget and your needs. To get started, get a quick online quote, give us a call at (800) 777-5620 or stop by one of our convenient locations.

[energyandpowertrends]

Sustainable Aviation Fuel Market: Regional Insights and Market Projections

The Sustainable Aviation Fuel Market size was valued at USD 563.1 Million in 2023 and is expected to grow to USD 25371.51 Million by 2031 and grow at a CAGR of 60.93% over the forecast period of 2024–2031.

Market Segmentation

By Fuel Type

Biofuel:

SAF derived from biological sources such as agricultural residues, waste oils, and non-food crops. Biofuels dominate the SAF market due to their proven technologies and scalability in commercial aviation.

Hydrogen Fuel:

Emerging as a potential zero-emission fuel, hydrogen can be used in fuel cells or burned directly in modified jet engines. Its development is in the nascent stages, with significant R&D investments.

Power to Liquid Fuel:

Also known as e-fuels, these are synthesized from captured carbon dioxide and renewable electricity. They offer a promising pathway for reducing lifecycle carbon emissions.

Gas-to-Liquid (GTL):

Derived from natural gas or biogas, GTL fuels provide a cleaner burning alternative. They are gaining traction in regions with abundant gas resources.

By Biofuel Manufacturing Technology

Fischer-Tropsch Synthesis (FT):

Converts biomass, waste, or biogas into liquid hydrocarbons. This technology is suitable for large-scale production and offers high-quality jet fuel.

Hydroprocessed Esters and Fatty Acids (HEFA):

The most widely adopted technology, HEFA produces SAF from waste oils, fats, and greases. It is commercially viable and approved for blending with conventional jet fuel.

Alcohol-to-Jet (ATJ):

Converts ethanol or butanol into jet fuel. It provides a sustainable option for regions with established bioethanol industries.

Others:

Includes technologies like pyrolysis and catalytic hydrothermolysis, which are in the developmental stages and hold future potential for SAF production.

By Biofuel Blending Capacity

Below 30%:

SAF blends below 30% are commonly used in the aviation sector due to current certification limits and infrastructure compatibility.

30% to 50%:

Represents an increasing focus on higher blend ratios to achieve greater carbon reductions while ensuring fuel performance and safety.

Above 50%:

High blend ratios, including 100% SAF, are in the experimental phase and are expected to gain regulatory approval over the forecast period.

By Platform

Commercial Aviation:

The largest consumer of SAF, with airlines increasingly adopting sustainable fuels to meet regulatory requirements and reduce their carbon footprints.

Military Aviation:

Military applications are exploring SAF to enhance energy security and reduce logistical challenges, particularly in remote or strategic locations.

Business & General Aviation:

Business jets and private aviation sectors are adopting SAF as part of their corporate sustainability initiatives.

Unmanned Aerial Vehicles (UAV):

Emerging as a potential market for SAF, especially for military and commercial drone operations.

By Region

North America:

The United States and Canada lead the SAF market in North America, driven by regulatory frameworks like the Renewable Fuel Standard (RFS) and initiatives such as the Sustainable Aviation Fuel Grand Challenge.

Europe:

The European Union’s stringent carbon reduction targets and initiatives like the ReFuelEU Aviation proposal are propelling SAF adoption. Countries like the UK, Germany, and France are key players.

Asia Pacific:

Rapidly growing aviation markets in China, India, and Japan are investing in SAF infrastructure to meet increasing demand while addressing environmental concerns.

Latin America:

Countries like Brazil are leveraging their strong biofuel industries to produce SAF, particularly through ethanol-based technologies.

Middle East & Africa (MEA):

The region is exploring SAF as part of its diversification efforts in the energy sector, with airlines like Emirates and Etihad participating in SAF trials.

Key Market Drivers

Environmental Regulations and Carbon Reduction Goals:

Regulatory bodies like ICAO’s CORSIA and the EU’s Fit for 55 are driving SAF adoption by imposing stricter carbon emissions limits on the aviation sector.

Technological Advancements:

Innovations in SAF production technologies, including advanced biofuels and e-fuels, are reducing production costs and enhancing fuel quality.

Increasing Airline Commitments:

Major airlines are committing to net-zero emissions targets, driving the demand for SAF as part of their sustainability strategies.

Government Incentives and Investments:

Subsidies, tax credits, and direct investments in SAF production facilities are boosting market growth.

Market Outlook and Forecast

The global sustainable aviation fuel market is poised for rapid growth, driven by increasing demand for cleaner energy in aviation and supportive regulatory frameworks. By 2031, the market is expected to witness widespread adoption across all platforms, with advancements in production technologies and infrastructure playing a crucial role.

Read Complete Report Details of Sustainable Aviation Fuel Market 2024–2031@ https://www.snsinsider.com/reports/sustainable-aviation-fuel-market-3331

Conclusion

Sustainable aviation fuel represents a critical solution for decarbonizing the aviation sector. The market’s growth will be fueled by regulatory support, technological advancements, and increasing commitments from industry stakeholders. As SAF technologies mature and production scales up, the aviation industry will be better positioned to achieve its sustainability goals.

About Us:

SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions.   Contact Us: Akash Anand — Head of Business Development & Strategy info@snsinsider.com  Phone: +1–415–230–0044 (US) | +91–7798602273 (IND)

[latestmarketresearchnews]

Permanent Magnets Market 2030 Trends, Growth, Revenue, Outlook and Future Estimation

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. This growth is largely fueled by the rising importance of renewable energy sources, such as wind and solar energy, where permanent magnets play a key role in enhancing efficiency. In wind turbine generators, for example, permanent magnets help increase operational efficiency and reduce maintenance needs. Rare earth magnets, especially Neodymium Ferrite Boron (NdFeB), are widely utilized in wind turbines due to their reliability and durability, making them ideal for renewable energy applications.

In the United States, the market for permanent magnets is expected to grow faster than ferrite magnets, thanks to their use in advanced applications, including robotics, wearable technology, electric vehicles, and wind power. Since the 2008-09 economic downturn, the U.S. automotive industry has shown steady growth, particularly in the electric vehicle (EV) segment, with significant contributions from manufacturers like Tesla, Chevy, Nissan, Ford, Audi, and BMW. Notably, Tesla adopted neodymium magnets for motors in early 2018, marking a trend that many other EV manufacturers are following.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Despite this growth, the U.S. still relies heavily on imports, especially for automotive parts containing electric motors and other components. In 2023, the U.S. imported approximately 4 million pounds of automotive parts from China, primarily due to a limited number of domestic manufacturers of permanent motor magnets. However, the ongoing trade tensions between the U.S. and China present a challenge, as potential restrictions on rare earth imports from China could disrupt the supply chain. In response, the U.S. government has taken steps to secure its domestic supply of rare earth materials, including funding mining projects under the Defense Production Act, which is expected to strengthen the availability of raw materials for the local permanent magnet industry.

According to the International Monetary Fund (IMF), North America's GDP growth was projected to be 1.6% for 2023, driven primarily by the U.S. economy. In the second quarter of 2023, the U.S. saw a GDP growth of 2.4% (seasonally adjusted), which can be attributed to government spending, consumer spending, and business investments. With support from government fiscal packages, the U.S. industrial sector, including the permanent magnets market, experienced gradual growth in 2023.

Application Segmentation Insights:

In 2023, the consumer goods and electronics sector emerged as the largest application segment, accounting for approximately 26% of the market revenue. Permanent magnets are widely used in the electronics industry in various products, including air conditioning compressors, DVD players, cameras, watches, earbuds, loudspeakers, microphones, mobile phones, voice coil motors, printers, hard disk drives (HDDs), and power tool motors. The continued production and development of these electronic goods are expected to support the demand for permanent magnets in this sector.

The automotive sector is expected to see steady revenue growth over the forecast period. According to Arnold Magnetic Technologies, a typical car has around 100 permanent magnet devices. While ferrite magnets are still widely used by most automakers, the growing demand for lightweight vehicles and energy-efficient components is increasing the need for high-performance permanent magnets. As automotive manufacturers strive for greater fuel efficiency, advancements in magnetic materials are expected to drive growth in the automotive sector.

The industrial sector held the third-largest share in the permanent magnet market in 2023. Within this sector, the oil and gas industry presents significant opportunities for permanent magnet vendors. The industry increasingly uses energy-intensive technologies, such as electronic submersible pumps (ESPs), where permanent magnet motors (PMMs) offer economic advantages over traditional asynchronous motors. Permanent magnets help reduce power consumption and increase efficiency in these applications, making them valuable in energy-intensive industrial processes.

The medical sector is projected to be one of the fastest-growing application segments for permanent magnets over the forecast period. The demand in healthcare is driven by their use in advanced medical devices, including MRI machines, body scanners, and pacemakers. As healthcare facilities increasingly rely on high-performance, precise medical equipment, the demand for permanent magnets is expected to rise, contributing to market growth in this segment.

In summary, the permanent magnets market is set to grow robustly due to rising demand across various industries, including renewable energy, consumer electronics, automotive, industrial, and healthcare. As advancements in materials and technology continue, the versatility and efficiency of permanent magnets will make them essential in meeting the needs of these expanding markets.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Permanent Magnets Market 2030 Size Outlook, Growth Insight, Share, Trends

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. This growth is largely fueled by the rising importance of renewable energy sources, such as wind and solar energy, where permanent magnets play a key role in enhancing efficiency. In wind turbine generators, for example, permanent magnets help increase operational efficiency and reduce maintenance needs. Rare earth magnets, especially Neodymium Ferrite Boron (NdFeB), are widely utilized in wind turbines due to their reliability and durability, making them ideal for renewable energy applications.

In the United States, the market for permanent magnets is expected to grow faster than ferrite magnets, thanks to their use in advanced applications, including robotics, wearable technology, electric vehicles, and wind power. Since the 2008-09 economic downturn, the U.S. automotive industry has shown steady growth, particularly in the electric vehicle (EV) segment, with significant contributions from manufacturers like Tesla, Chevy, Nissan, Ford, Audi, and BMW. Notably, Tesla adopted neodymium magnets for motors in early 2018, marking a trend that many other EV manufacturers are following.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Despite this growth, the U.S. still relies heavily on imports, especially for automotive parts containing electric motors and other components. In 2023, the U.S. imported approximately 4 million pounds of automotive parts from China, primarily due to a limited number of domestic manufacturers of permanent motor magnets. However, the ongoing trade tensions between the U.S. and China present a challenge, as potential restrictions on rare earth imports from China could disrupt the supply chain. In response, the U.S. government has taken steps to secure its domestic supply of rare earth materials, including funding mining projects under the Defense Production Act, which is expected to strengthen the availability of raw materials for the local permanent magnet industry.

According to the International Monetary Fund (IMF), North America's GDP growth was projected to be 1.6% for 2023, driven primarily by the U.S. economy. In the second quarter of 2023, the U.S. saw a GDP growth of 2.4% (seasonally adjusted), which can be attributed to government spending, consumer spending, and business investments. With support from government fiscal packages, the U.S. industrial sector, including the permanent magnets market, experienced gradual growth in 2023.

Application Segmentation Insights:

In 2023, the consumer goods and electronics sector emerged as the largest application segment, accounting for approximately 26% of the market revenue. Permanent magnets are widely used in the electronics industry in various products, including air conditioning compressors, DVD players, cameras, watches, earbuds, loudspeakers, microphones, mobile phones, voice coil motors, printers, hard disk drives (HDDs), and power tool motors. The continued production and development of these electronic goods are expected to support the demand for permanent magnets in this sector.

The automotive sector is expected to see steady revenue growth over the forecast period. According to Arnold Magnetic Technologies, a typical car has around 100 permanent magnet devices. While ferrite magnets are still widely used by most automakers, the growing demand for lightweight vehicles and energy-efficient components is increasing the need for high-performance permanent magnets. As automotive manufacturers strive for greater fuel efficiency, advancements in magnetic materials are expected to drive growth in the automotive sector.

The industrial sector held the third-largest share in the permanent magnet market in 2023. Within this sector, the oil and gas industry presents significant opportunities for permanent magnet vendors. The industry increasingly uses energy-intensive technologies, such as electronic submersible pumps (ESPs), where permanent magnet motors (PMMs) offer economic advantages over traditional asynchronous motors. Permanent magnets help reduce power consumption and increase efficiency in these applications, making them valuable in energy-intensive industrial processes.

The medical sector is projected to be one of the fastest-growing application segments for permanent magnets over the forecast period. The demand in healthcare is driven by their use in advanced medical devices, including MRI machines, body scanners, and pacemakers. As healthcare facilities increasingly rely on high-performance, precise medical equipment, the demand for permanent magnets is expected to rise, contributing to market growth in this segment.

In summary, the permanent magnets market is set to grow robustly due to rising demand across various industries, including renewable energy, consumer electronics, automotive, industrial, and healthcare. As advancements in materials and technology continue, the versatility and efficiency of permanent magnets will make them essential in meeting the needs of these expanding markets.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

[sunaleisocial]

Tackling the energy revolution, one sector at a time

New Post has been published on https://sunalei.org/news/tackling-the-energy-revolution-one-sector-at-a-time/

Tackling the energy revolution, one sector at a time

As a major contributor to global carbon dioxide (CO2) emissions, the transportation sector has immense potential to advance decarbonization. However, a zero-emissions global supply chain requires re-imagining reliance on a heavy-duty trucking industry that emits 810,000 tons of CO2, or 6 percent of the United States’ greenhouse gas emissions, and consumes 29 billion gallons of diesel annually in the U.S. alone.

A new study by MIT researchers, presented at the recent American Society of Mechanical Engineers 2024 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference, quantifies the impact of a zero-emission truck’s design range on its energy storage requirements and operational revenue. The multivariable model outlined in the paper allows fleet owners and operators to better understand the design choices that impact the economic feasibility of battery-electric and hydrogen fuel cell heavy-duty trucks for commercial application, equipping stakeholders to make informed fleet transition decisions.

“The whole issue [of decarbonizing trucking] is like a very big, messy pie. One of the things we can do, from an academic standpoint, is quantify some of those pieces of pie with modeling, based on information and experience we’ve learned from industry stakeholders,” says ZhiYi Liang, PhD student on the renewable hydrogen team at the MIT K. Lisa Yang Global Engineering and Research Center (GEAR) and lead author of the study. Co-authored by Bryony Dupont, visiting scholar at GEAR, and Amos Winter, the Germeshausen Professor in the MIT Department of Mechanical Engineering, the paper elucidates operational and socioeconomic factors that need to be considered in efforts to decarbonize heavy-duty vehicles (HDVs).

Operational and infrastructure challenges

The team’s model shows that a technical challenge lies in the amount of energy that needs to be stored on the truck to meet the range and towing performance needs of commercial trucking applications. Due to the high energy density and low cost of diesel, existing diesel drivetrains remain more competitive than alternative lithium battery-electric vehicle (Li-BEV) and hydrogen fuel-cell-electric vehicle (H2 FCEV) drivetrains. Although Li-BEV drivetrains have the highest energy efficiency of all three, they are limited to short-to-medium range routes (under 500 miles) with low freight capacity, due to the weight and volume of the onboard energy storage needed. In addition, the authors note that existing electric grid infrastructure will need significant upgrades to support large-scale deployment of Li-BEV HDVs.

While the hydrogen-powered drivetrain has a significant weight advantage that enables higher cargo capacity and routes over 750 miles, the current state of hydrogen fuel networks limits economic viability, especially once operational cost and projected revenue are taken into account. Deployment will most likely require government intervention in the form of incentives and subsidies to reduce the price of hydrogen by more than half, as well as continued investment by corporations to ensure a stable supply. Also, as H2-FCEVs are still a relatively new technology, the ongoing design of conformal onboard hydrogen storage systems — one of which is the subject of Liang’s PhD — is crucial to successful adoption into the HDV market.

The current efficiency of diesel systems is a result of technological developments and manufacturing processes established over many decades, a precedent that suggests similar strides can be made with alternative drivetrains. However, interactions with fleet owners, automotive manufacturers, and refueling network providers reveal another major hurdle in the way that each “slice of the pie” is interrelated — issues must be addressed simultaneously because of how they affect each other, from renewable fuel infrastructure to technological readiness and capital cost of new fleets, among other considerations. And first steps into an uncertain future, where no one sector is fully in control of potential outcomes, is inherently risky. 

“Besides infrastructure limitations, we only have prototypes [of alternative HDVs] for fleet operator use, so the cost of procuring them is high, which means there isn’t demand for automakers to build manufacturing lines up to a scale that would make them economical to produce,” says Liang, describing just one step of a vicious cycle that is difficult to disrupt, especially for industry stakeholders trying to be competitive in a free market. 

Quantifying a path to feasibility

“Folks in the industry know that some kind of energy transition needs to happen, but they may not necessarily know for certain what the most viable path forward is,” says Liang. Although there is no singular avenue to zero emissions, the new model provides a way to further quantify and assess at least one slice of pie to aid decision-making.

Other MIT-led efforts aimed at helping industry stakeholders navigate decarbonization include an interactive mapping tool developed by Danika MacDonell, Impact Fellow at the MIT Climate and Sustainability Consortium (MCSC); alongside Florian Allroggen, executive director of MITs Zero Impact Aviation Alliance; and undergraduate researchers Micah Borrero, Helena De Figueiredo Valente, and Brooke Bao. The MCSC’s Geospatial Decision Support Tool supports strategic decision-making for fleet operators by allowing them to visualize regional freight flow densities, costs, emissions, planned and available infrastructure, and relevant regulations and incentives by region.

While current limitations reveal the need for joint problem-solving across sectors, the authors believe that stakeholders are motivated and ready to tackle climate problems together. Once-competing businesses already appear to be embracing a culture shift toward collaboration, with the recent agreement between General Motors and Hyundai to explore “future collaboration across key strategic areas,” including clean energy. 

Liang believes that transitioning the transportation sector to zero emissions is just one part of an “energy revolution” that will require all sectors to work together, because “everything is connected. In order for the whole thing to make sense, we need to consider ourselves part of that pie, and the entire system needs to change,” says Liang. “You can’t make a revolution succeed by yourself.” 

The authors acknowledge the MIT Climate and Sustainability Consortium for connecting them with industry members in the HDV ecosystem; and the MIT K. Lisa Yang Global Engineering and Research Center and MIT Morningside Academy for Design for financial support.

[jcmarchi]

Tackling the energy revolution, one sector at a time

New Post has been published on https://thedigitalinsider.com/tackling-the-energy-revolution-one-sector-at-a-time/

Tackling the energy revolution, one sector at a time

As a major contributor to global carbon dioxide (CO2) emissions, the transportation sector has immense potential to advance decarbonization. However, a zero-emissions global supply chain requires re-imagining reliance on a heavy-duty trucking industry that emits 810,000 tons of CO2, or 6 percent of the United States’ greenhouse gas emissions, and consumes 29 billion gallons of diesel annually in the U.S. alone.

A new study by MIT researchers, presented at the recent American Society of Mechanical Engineers 2024 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference, quantifies the impact of a zero-emission truck’s design range on its energy storage requirements and operational revenue. The multivariable model outlined in the paper allows fleet owners and operators to better understand the design choices that impact the economic feasibility of battery-electric and hydrogen fuel cell heavy-duty trucks for commercial application, equipping stakeholders to make informed fleet transition decisions.

“The whole issue [of decarbonizing trucking] is like a very big, messy pie. One of the things we can do, from an academic standpoint, is quantify some of those pieces of pie with modeling, based on information and experience we’ve learned from industry stakeholders,” says ZhiYi Liang, PhD student on the renewable hydrogen team at the MIT K. Lisa Yang Global Engineering and Research Center (GEAR) and lead author of the study. Co-authored by Bryony Dupont, visiting scholar at GEAR, and Amos Winter, the Germeshausen Professor in the MIT Department of Mechanical Engineering, the paper elucidates operational and socioeconomic factors that need to be considered in efforts to decarbonize heavy-duty vehicles (HDVs).

Operational and infrastructure challenges

The team’s model shows that a technical challenge lies in the amount of energy that needs to be stored on the truck to meet the range and towing performance needs of commercial trucking applications. Due to the high energy density and low cost of diesel, existing diesel drivetrains remain more competitive than alternative lithium battery-electric vehicle (Li-BEV) and hydrogen fuel-cell-electric vehicle (H2 FCEV) drivetrains. Although Li-BEV drivetrains have the highest energy efficiency of all three, they are limited to short-to-medium range routes (under 500 miles) with low freight capacity, due to the weight and volume of the onboard energy storage needed. In addition, the authors note that existing electric grid infrastructure will need significant upgrades to support large-scale deployment of Li-BEV HDVs.

While the hydrogen-powered drivetrain has a significant weight advantage that enables higher cargo capacity and routes over 750 miles, the current state of hydrogen fuel networks limits economic viability, especially once operational cost and projected revenue are taken into account. Deployment will most likely require government intervention in the form of incentives and subsidies to reduce the price of hydrogen by more than half, as well as continued investment by corporations to ensure a stable supply. Also, as H2-FCEVs are still a relatively new technology, the ongoing design of conformal onboard hydrogen storage systems — one of which is the subject of Liang’s PhD — is crucial to successful adoption into the HDV market.

The current efficiency of diesel systems is a result of technological developments and manufacturing processes established over many decades, a precedent that suggests similar strides can be made with alternative drivetrains. However, interactions with fleet owners, automotive manufacturers, and refueling network providers reveal another major hurdle in the way that each “slice of the pie” is interrelated — issues must be addressed simultaneously because of how they affect each other, from renewable fuel infrastructure to technological readiness and capital cost of new fleets, among other considerations. And first steps into an uncertain future, where no one sector is fully in control of potential outcomes, is inherently risky. 

“Besides infrastructure limitations, we only have prototypes [of alternative HDVs] for fleet operator use, so the cost of procuring them is high, which means there isn’t demand for automakers to build manufacturing lines up to a scale that would make them economical to produce,” says Liang, describing just one step of a vicious cycle that is difficult to disrupt, especially for industry stakeholders trying to be competitive in a free market. 

Quantifying a path to feasibility

“Folks in the industry know that some kind of energy transition needs to happen, but they may not necessarily know for certain what the most viable path forward is,” says Liang. Although there is no singular avenue to zero emissions, the new model provides a way to further quantify and assess at least one slice of pie to aid decision-making.

Other MIT-led efforts aimed at helping industry stakeholders navigate decarbonization include an interactive mapping tool developed by Danika MacDonell, Impact Fellow at the MIT Climate and Sustainability Consortium (MCSC); alongside Florian Allroggen, executive director of MITs Zero Impact Aviation Alliance; and undergraduate researchers Micah Borrero, Helena De Figueiredo Valente, and Brooke Bao. The MCSC’s Geospatial Decision Support Tool supports strategic decision-making for fleet operators by allowing them to visualize regional freight flow densities, costs, emissions, planned and available infrastructure, and relevant regulations and incentives by region.

While current limitations reveal the need for joint problem-solving across sectors, the authors believe that stakeholders are motivated and ready to tackle climate problems together. Once-competing businesses already appear to be embracing a culture shift toward collaboration, with the recent agreement between General Motors and Hyundai to explore “future collaboration across key strategic areas,” including clean energy. 

Liang believes that transitioning the transportation sector to zero emissions is just one part of an “energy revolution” that will require all sectors to work together, because “everything is connected. In order for the whole thing to make sense, we need to consider ourselves part of that pie, and the entire system needs to change,” says Liang. “You can’t make a revolution succeed by yourself.” 

The authors acknowledge the MIT Climate and Sustainability Consortium for connecting them with industry members in the HDV ecosystem; and the MIT K. Lisa Yang Global Engineering and Research Center and MIT Morningside Academy for Design for financial support.

[shrutijadhav2139]

Portable Power Station Market Analysis: Forecast, Demand Outlook, and Latest Trends

The portable power station market has been experiencing significant growth in recent years, driven by a surge in demand for reliable, off-grid power solutions. As consumer reliance on electronic devices and outdoor recreational activities increases, the need for portable, compact, and efficient energy storage systems continues to rise. This article explores the current state of the portable power station market, including demand outlook, forecasts, and emerging trends shaping its future.

Market Overview

A portable power station (PPS) is a mobile energy storage system that enables users to power electronic devices, appliances, and equipment on the go. These devices are typically powered by lithium-ion or lithium iron phosphate (LiFePO4) batteries, providing a sustainable and versatile energy source for a wide range of applications. Portable power stations are used in outdoor activities such as camping, hiking, and road trips, as well as in emergency situations when power outages occur.

The global portable power station market has seen robust expansion due to increasing reliance on portable electronics, renewable energy systems, and the rise of electric vehicles (EVs). The market is expected to maintain this upward trajectory, with factors such as technological advancements, growing environmental concerns, and a shift toward sustainable energy solutions driving demand.

Market Forecast

The global portable power station market is projected to grow at a compound annual growth rate (CAGR) of 12-15% from 2024 to 2030. In 2023, the market size was valued at approximately USD 1.8 billion and is anticipated to reach USD 4.7 billion by 2030. This growth can be attributed to several key factors:

Increasing Adoption of Renewable Energy: As the world continues to embrace clean energy, portable power stations are being used to store energy generated from solar panels or wind turbines, making them vital for off-grid and remote locations.

Rising Demand for Outdoor Activities: With a growing number of people engaging in camping, hiking, and other outdoor activities, portable power stations have become essential for powering camping lights, portable grills, and communication devices, further driving demand.

Emergency Preparedness: Unpredictable weather patterns and natural disasters have highlighted the need for backup power solutions. Consumers and businesses are investing in portable power stations to ensure they are prepared for power outages.

Demand Outlook

The demand for portable power stations is expected to remain strong across several key regions, particularly North America, Europe, and Asia-Pacific. The North American market is expected to dominate, driven by high adoption rates in the United States and Canada, where outdoor recreation and emergency preparedness are important. Additionally, the rise of the electric vehicle market in these regions has spurred interest in portable power stations as supplemental charging solutions.

In Europe, the market is driven by a growing emphasis on sustainability and green energy initiatives. Many consumers and businesses are looking for alternatives to traditional fossil-fuel-based generators, and portable power stations offer a cleaner and more eco-friendly solution. Meanwhile, Asia-Pacific is witnessing rapid adoption of these devices, with increased awareness about the benefits of portable energy storage and the development of affordable and high-performance products.

Latest Trends in the Portable Power Station Market

Advancements in Battery Technology: One of the most notable trends is the development of high-capacity lithium-ion and lithium iron phosphate (LiFePO4) batteries, which offer better energy density, longer lifespans, and enhanced safety. These innovations are improving the performance and affordability of portable power stations.

Smart Features and Connectivity: Many manufacturers are incorporating smart technology into their portable power stations, allowing users to monitor battery levels, charging status, and power consumption through mobile apps. Some devices are also equipped with solar charging capabilities, making them even more versatile and environmentally friendly.

Integration with Electric Vehicles (EVs): As the popularity of EVs rises, there is growing interest in integrating portable power stations with electric vehicles. Some portable power stations are now designed to be used in conjunction with EVs to provide supplementary power or emergency charging during long trips.

Conclusion

The portable power station market is set for continued growth, driven by advancements in technology, increased demand for outdoor power solutions, and the transition to renewable energy sources. With new trends like smarter devices, solar integration, and expanding applications across various industries, the market is expected to evolve significantly over the next decade. As consumers seek more flexible, sustainable, and reliable power solutions, the portable power station will play an essential role in powering the future.

Get Free Sample and ToC : https://www.pristinemarketinsights.com/get-free-sample-and-toc?rprtdtid=NDQ3&RD=Portable-Power-Station-Market-Report

[dreaminginthedeepsouth]

Bill Day

* * * *

Wow! You can’t make this up!

March 21, 2024

ROBERT B. HUBBELL

It’s hard to believe that the dysfunction in the Republican Party could get worse, but Wednesday saw new heights (or depths?) of chaos in the GOP. You are undoubtedly interested in hearing how the GOP impeachment hearing directed at Joe Biden produced damning evidence—against Donald Trump! But first, let’s look away from the GOP car crash to view the important work that President Biden is doing on behalf of the American people. (You’re welcome!)

As Trump and the GOP were entering panic mode at warp speed, President Biden was delivering on his promises to the American people. The Biden administration began the day by announcing a rule that would accelerate the production of hybrid and all-electric cars. See NYTimes, Biden Administration Announces Rule Aimed at Expanding Electric Vehicles. (This article is accessible to all.)

Per the NYTimes,

The Biden administration on Wednesday issued one of the most significant climate regulations in the nation’s history, a rule designed to ensure that the majority of new passenger cars and light trucks sold in the United States are all-electric or hybrids by 2032. Nearly three years in the making, the new tailpipe pollution limits from the Environmental Protection Agency would transform the American automobile market.

Accelerating the transition to hybrid and electric cars will deliver enormous economic and health benefits to the American people. Again, per the Times, the new regulation will

avoid more than seven billion tons of carbon dioxide emissions over the next 30 years . . . That’s the equivalent of removing a year’s worth of all the greenhouse gases generated by the United States . . . . The regulation would provide nearly $100 billion in annual net benefits to society [including] $13 billion of annual public health benefits thanks to improved air quality. The standards would also save the average American driver about $6,000 in reduced fuel and maintenance over the life of a vehicle, the E.P.A. estimated.

As the new “tailpipe emissions” standard was being announced, President Biden announced a massive investment in an Intel chip fabricating facility in Arizona. See Politico, Biden boosts Intel with massive CHIPS payout in swing state Arizona.

Per Politico, Biden said

“We will enable advanced semiconductor manufacturing to make a comeback here in America after 40 years. It’s going to transform the semiconductor industry and create entirely new ecosystems.” Biden said Intel would also invest “over $100 billion” across the country, in facilities in Arizona, Oregon, Ohio and New Mexico. Those investments should put the U.S. on track to produce roughly 20 percent of the world’s leading-edge chips by 2030, Biden said. He added that Intel’s new projects are expected to create 30,000 jobs nationwide in construction and manufacturing.

Beyond creating tens of thousands of jobs in the high-tech sector, the CHIPS and Science Act protects US national security. Recall that during the COVID pandemic, supply chain issues disrupted the flow of semiconductors into the US, hampering the manufacture and sale of hundreds of consumer products that rely on microprocessors. Manufacturing the chips in the US serves as a hedge against that future risk.

For most presidents, the Intel announcement and new tailpipe admissions standard would be the year's crowning achievements. For Joe Biden, those announcements were known as “Wednesday.” Biden gets stuff done. Tell a friend.

[Robert B. Hubbell Newsletter]

[accapitalmarket]

Trump 2.0 returns, Wall Street on Coke, FOMC ahead

US stocks surged higher on Wednesday, with all the main indexes hitting record peaks as Donald Trump was clearly and quickly declared winner in the election for the 47th President of the United States.

As Trump, also the winner of the 2016 presidential election, confirmed his stunning return to the White House, his Republican party also took a majority in the US Senate and were also on track to win the House of Representatives, raising the possibility of a clean sweep in the 2024 elections.

Republican control of Congress would present a much easier path for Trump to enact major policy changes and his more inflationary policies. Investors were excited by optimism that the new president’s policies could boost economic growth.

DXY H1

The dollar and Treasury bonds yields jumped on the inflation trade, with the greenback hitting a near four-month high. Meanwhile, gold prices dropped by around 3%.

There was no sign of any caution ahead of the conclusion on Thursday of the Federal Reserve’s two-day policy meeting, with the central bank widely expected to cut interest rates by 25 basis points

Any comment on the Fed’s plan for future rate cuts will be closely watched, given recent signs of stickiness in US inflation, while recent jobs data proved weaker than expected.

At the stock market close in New York, the blue-chip Dow Jones Industrials Average had leapt 3.6% higher to 43,729, enjoying its best session for two years.

SPX500 H4

Meanwhile the broader S&P 500 index jumped 2.5% to 5,929, and the tech-laden Nasdaq Composite gained 3.0% at 18,983.

Banking stocks rose strongly as the new Trump presidency is expected to result in less regulation in the sector. Goldman Sachs leapt 13.1% higher, Citi jumped 8.4%, and Bank of America also rose 8.4%.

Among individual stocks, Tesla climbed 14.8%, with the electric vehicle giant’s CEO Elon Musk a major backer of the new president’s campaign.

Cryptocurrency exchange Coinbase Global leapt 31.1% as bitcoin climbed to record highs with Trump having declared himself pro-crypto.

Trump Media & Technology which owns the Truth Social platform and is primarily owned by the new-elected president, soared 6.0% higher.

But on the downside, First Solar dropped 10.1%, falling along with other renewable energy firms, with Trump expected to reverse many of the climate regulations passed under current President Joe Biden.

Among commodities, oil prices were impacted by the stronger US dollar which outweighed expectations that Donald Trump's foreign-policy plans could squeeze global oil supply.

USOIL H1

UK Brent crude fell 0.5% to $75.19 per barrel, while US WTI shed 0.1% to $71.90.

Disclaimer: The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions. Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us. The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

[businessindustry]

Containerized Solar Generators Market Size, Industry Trends, Report 2024 to 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Containerized Solar Generators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Containerized Solar Generators Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Containerized Solar Generators Market?

The global containerized solar generators market was valued at US$ 491.6 Million in 2023 and is expected to register a CAGR of 6.9% over the forecast period and reach US$ 896.2 Million in 2032.

What are Containerized Solar Generators?                                                                                                                                                                            

A commercial drone, or unmanned aerial vehicle (UAV), is an aircraft that operates without a human pilot and is used for various commercial applications, including aerial photography, surveying, agriculture, logistics, and inspections. These drones are equipped with advanced technologies like GPS, cameras, and sensors, enabling them to perform a wide range of tasks, from capturing high-resolution images and videos to collecting data for agricultural monitoring and conducting infrastructure assessments. Commercial drones provide numerous advantages, including cost-effectiveness, increased accuracy, and the ability to reach difficult locations, making them essential tools across diverse industries. As regulations continue to adapt, the commercial drone market is poised for further growth, promoting innovation and the exploration of new applications.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2488

What are the growth prospects and trends in the Containerized Solar Generators industry?

The containerized solar generators market growth is driven by various factors and trends. The containerized solar generators market is experiencing substantial growth due to the rising demand for sustainable and portable energy solutions. These systems, which integrate solar panels and energy storage within shipping containers, provide a flexible and scalable method for generating electricity in remote or off-grid areas. This makes them suitable for various applications, including disaster relief, military operations, construction sites, and rural electrification. Increasing awareness of climate change and the necessity for renewable energy sources are further propelling this market, alongside advancements in solar technology and battery storage capabilities. Additionally, government incentives and policies supporting clean energy adoption are contributing to the growth of the containerized solar generators market, offering a practical solution for energy needs while reducing environmental impact. Hence, all these factors contribute to containerized solar generators market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type

Grid Connected

Off-Grid

By Storage Capacity

10-40 kWh

40-80 kWh

80-150 kWh

150 kWh

By Application

Residential

Commercial

Industrial

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Ecosun Innovations

GSOL Energy

REC Solar Holdings

Jakson Group

Lion Energy

BoxPower Inc.

Silicon CPV Ltd

Brisben Water

Sun-In-One

HCI Energy, Inc.

Intech GmbH & Co. KG

Among Others

View Full Report: https://www.reportsandinsights.com/report/Containerized Solar Generators-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: sales@reportsandinsights.com Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1