#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 RMI:

1. Batteries Become Everybody’s Best Friend

Battery prices continue to drop and their capacity continues to rise. The cost of electric vehicle (EV) batteries are now about 60 percent what they were just five years ago. And around the world, batteries have become key components in solar-plus-storage microgrids, giving people access to reliable power and saving the day for communities this past hurricane season.

2. Americans Get Cheaper (and Cleaner) Energy

State public utility commissions and rural electric co-operatives around the country are taking steps to deliver better service for their customers that also lowers their rates. At the same time, real momentum is building to prevent vertically integrated utilities from preferencing their coal assets when there are cleaner and cheaper alternatives available.

3. A Sustainable Shipping Future Gets Closer

More than 50 leaders across the marine shipping value chain — from e-fuel producers to vessel and cargo owners, to ports and equipment manufacturers — signed a Call to Action at the UN climate change conference (COP29) to accelerate the adoption of zero-emission fuels. The joint statement calls for faster and bolder action to increase the use of zero and near-zero emissions fuel, investment in zero-emissions vessels, and global development of green hydrogen infrastructure, leaving no country behind.

4. Corporations Fly Cleaner

In April, 20 corporations, including Netflix, JPMorgan Chase, Autodesk, and more, committed to purchase about 50 million gallons of sustainable aviation fuel (SAF), avoiding 500,000 tons of CO2 emissions — equivalent to the emissions of 3,000 fully loaded passenger flights from New York City to London. SAF is made with renewable or waste feedstocks and can be used in today’s aircraft without investments to upgrade existing fleets and infrastructure.

5. More and More Places Go From Coal to Clean

Around the world, coal-fired power plants are closing down as communities switch to clean energy. From Chile to the Philippines to Minnesota coal-to-clean projects are creating new jobs, improving local economic development, and generating clean electricity. In September, Britain became the first G7 nation to stop generating electricity from coal — it’s turning its last coal-fired power plant into a low-carbon energy hub. And in Indonesia, the president vowed to retire all coal plants within 15 years and install 75 gigawatts of renewable energy.

6. Methane Becomes More Visible, and Easier to Mitigate

Methane — a super-potent greenhouse gas — got much easier to track thanks to the launch of new methane tracking satellites over the past year. In March, the Environmental Defense Fund launched MethaneSAT, the first for a non-governmental organization, and the Carbon Mapper Coalition soon followed with the launch of Tanager-1. By scanning the planet many times each day and identifying major methane leaks from orbit, these new satellites will put pressure on big emitters to clean up.

7. EVs Speed By Historic Milestones

This past year was the first time any country had more fully electric cars than gas-powered cars on the roads. It’s no surprise that this happened in Norway where electric cars now make up more than 90 percent of new vehicle sales. And in October, the United States hit a milestone, with over 200,000 electric vehicle charging ports installed nationwide.

8. Consumers Continue to Shift to Energy-Efficient Heat Pumps for Heating and Cooling

Heat pumps have outsold gas furnaces consistently since 2021. And while shipments of heating and cooling equipment fell worldwide in 2023, likely due to broad economic headwinds, heat pumps held on to their market share through. And over the past 12 months, heat pumps outsold conventional furnaces by 27 percent. Shipments are expected to continue increasing as states roll out home efficiency and appliance rebate programs already funded by the Inflation Reduction Act – worth up to $10,000 per household in new incentives for heat pump installations. Link: Tracking the Heat Pump & Water Heater Market in the United States – RMI

9. China Reaches Its Renewable Energy Goal, Six Years Early

China added so much renewable energy capacity this year, that by July it had surpassed its goal of having 1,200 gigawatts (GW) of clean energy installed by 2030. Through September 2024, China installed some 161 GW of new solar capacity and 39 GW of new wind power, according to China’s National Energy Administration (NEA). China is deploying more solar, wind, and EVs than any other country, including the United States, which is — by comparison — projected to deploy a record 50 GW of solar modules by the end of 2024.

10. De-carbonizing Heavy Industry

For steel, cement, chemicals and other heavy industries, low-carbon technologies and climate-friendly solutions are not only increasingly available but growing more affordable. To speed this process, Third Derivative, RMI’s climate tech accelerator, launched the Industrial Innovation Cohorts to accelerate the decarbonization of steel, cement, and chemicals. Also on the rise: clean hydrogen hubs — powered by renewable energy — designed to supply green hydrogen to chemical, steel, and other heavy industries to help them shift to low-carbon production processes.

[wolfliving]

Strange Chinese trade-war recommendations at US Congress

COMPREHENSIVE LIST OF THE COMMISSION’S 2024 RECOMMENDATIONS Part II: Technology and Consumer Product Opportunities and Risks Chapter 3: U.S.-China Competition in Emerging Technologies The Commission recommends:

Congress establish and fund a Manhattan Project-like program dedicated to racing to and acquiring an Artificial General Intelligence (AGI) capability. AGI is generally defined as systems that are as good as or better than human capabilities across all cognitive domains and would surpass the sharpest human minds at every task. Among the specific actions the Commission recommends for Congress:

Provide broad multiyear contracting authority to the executive branch and associated funding for leading artificial intelligence, cloud, and data center companies and others to advance the stated policy at a pace and scale consistent with the goal of U.S. AGI leadership; and

Direct the U.S. secretary of defense to provide a Defense Priorities and Allocations System “DX Rating” to items in the artificial intelligence ecosystem to ensure this project receives national priority.

Congress consider legislation to:

Require prior approval and ongoing oversight of Chinese involvement in biotechnology companies engaged in operations in the United States, including research or other related transactions. Such approval and oversight operations shall be conducted by the U.S. Department of Health and Human Services in consultation with other appropriate governmental entities. In identifying the involvement of Chinese entities or interests in the U.S. biotechnology sector, Congress should include firms and persons: ○ Engaged in genomic research; ○ Evaluating and/or reporting on genetic data, including for medical or therapeutic purposes or ancestral documentation; ○ Participating in pharmaceutical development; ○ Involved with U.S. colleges and universities; and ○ Involved with federal, state, or local governments or agen cies and departments.

Support significant Federal Government investments in biotechnology in the United States and with U.S. entities at every level of the technology development cycle and supply chain, from basic research through product development and market deployment, including investments in intermediate services capacity and equipment manufacturing capacity.

To protect U.S. economic and national security interests, Congress consider legislation to restrict or ban the importation of certain technologies and services controlled by Chinese entities, including:

Autonomous humanoid robots with advanced capabilities of (i) dexterity, (ii) locomotion, and (iii) intelligence; and

Energy infrastructure products that involve remote servicing, maintenance, or monitoring capabilities, such as load balancing and other batteries supporting the electrical grid, batteries used as backup systems for industrial facilities and/ or critical infrastructure, and transformers and associated equipment.

Congress encourage the Administration’s ongoing rulemaking efforts regarding “connected vehicles” to cover industrial machinery, Internet of Things devices, appliances, and other connected devices produced by Chinese entities or including Chinese technologies that can be accessed, serviced, maintained, or updated remotely or through physical updates.

Congress enact legislation prohibiting granting seats on boards of directors and information rights to China-based investors in strategic technology sectors. Allowing foreign investors to hold seats and observer seats on the boards of U.S. technology start-ups provides them with sensitive strategic information, which could be leveraged to gain competitive advantages. Prohibiting this practice would protect intellectual property and ensure that U.S. technological advances are not compromised. It would also reduce the risk of corporate espionage, safeguarding America’s leadership in emerging technologies.

Congress establish that:

The U.S. government will unilaterally or with key interna- tional partners seek to vertically integrate in the develop- ment and commercialization of quantum technology.

Federal Government investments in quantum technology support every level of the technology development cycle and supply chain from basic research through product development and market deployment, including investments in intermediate services capacity.

The Office of Science and Technology Policy, in consultation with appropriate agencies and experts, develop a Quantum Technology Supply Chain Roadmap to ensure that the United States coordinates outbound investment, U.S. critical supply chain assessments, the activities of the Committee on Foreign Investment in the United States (CFIUS), and federally supported research activities to ensure that the United States, along with key allies and partners, will lead in this critical technology and not advance Chinese capabilities and development....

[xtruss]

Foreign Policy Priorities: Kamala Devi Harris’s Positions

— By Council on Foreign Relations

AI and Technology

Harris has played a leading role in developing U.S. policy toward artificial intelligence (AI). The Biden-Harris administration has framed supporting the U.S. technology sector as a matter of national security, even as it has sought to confront large tech companies for alleged unfair market practices.

Harris led the formulation of an executive order requiring companies to share with the government risks they are facing and outlining a framework for the safe use of AI that federal agencies can follow.

She reportedly suggested that leading AI firms agree to voluntary safety commitments, including a pledge to submit their most powerful models for government review; fifteen of them did so in 2023. She also led efforts to develop rules surrounding military use of AI that have been agreed to by more than fifty countries.

The Biden-Harris administration passed the CHIPS and Science Act in August 2022, directing more than $280 billion in funding toward domestic production of advanced technologies and the hardware that underpins their development, such as semiconductors.

The same year, the administration published an “AI Bill of Rights” identifying five principles for the responsible deployment of the technology. Harris says U.S. policy toward AI should both stimulate innovation and protect against “profound harm.”

Harris represented the United States at the first international AI governance summit in London in 2023. The summit produced a joint declaration that seeks to ensure the technology is “human-centric, trustworthy, and responsible.” China has also signed the statement.

The Biden-Harris administration unveiled a new National Cybersecurity Strategy in 2023 that urges U.S. companies to take responsibility for ensuring that their systems cannot be hacked and suggests that they could be held legally liable for not protecting “digital infrastructure.” The strategy also called for expanding U.S. military authorization to preempt foreign cyberattacks.

The administration has asked Congress to create legislation strengthening antitrust enforcement that can be used against large technology firms. The Department of Justice has pursued antitrust cases against Apple, Amazon, Google, and other big tech firms.

The administration has cracked down on cryptocurrencies due to concerns over their utility in evading sanctions, laundering money, and financing terrorism. It has directed the Federal Reserve to explore developing a central bank digital currency (CBDC). Harris is reportedly seeking a “reset” with the crypto sector.

China

Harris says China is responsible for stealing intellectual property and distorting the global economy with unfairly subsidized exports. The Biden-Harris administration has argued that China’s growing influence and aggression in some areas are the leading national security threat to the United States.

Harris says she will ensure that “America, not China, wins the competition for the twenty-first century.” The Biden-Harris administration has placed stringent restrictions on exports of high-tech products to China that it deems critical to national security. It has pressed U.S. partners in the European Union and elsewhere to impose similar measures on Chinese tech.

She argues that the United States should “de-risk,” not decouple, from China, arguing that Washington lost the trade war that began under Trump. The administration has retained $360 billion worth of tariffs on China imposed by Trump and introduced a raft of its own.

These restrictions followed major legislation that subsidized domestic manufacturing of computer chips, electric vehicle parts, and other new technologies. Firms that produce such goods in China are not eligible for U.S. subsidies.

Harris says the Chinese-owned social media app TikTok poses national security concerns. In April 2024, Biden signed a bill that will ban TikTok from the United States if it is not sold by 2025; Harris has said a ban is not the administration’s intention.

In 2022, she said the United States would “continue to support Taiwan’s self-defense” in line with long-standing U.S. policy of “strategic ambiguity” toward the island that China claims as its own.

Her campaign says she helped lead administration efforts to ensure freedom of navigation through the South China Sea and sought closer ties with American allies in the Indo-Pacific, including Australia, Japan, the Philippines, and South Korea. In April 2024, Harris hosted the first-ever trilateral summit between the United States, Japan, and the Philippines.

Harris met with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit in 2022, urging him to “maintain open lines of communication to responsibly manage the competition between our countries.” Under the Biden-Harris administration, the United States and China agreed to pursue policies aimed at tripling global renewable energy capacity.

The Biden-Harris administration unveiled two programs aimed at building infrastructure in lower-income countries to counter China’s Belt and Road Initiative.

As a senator, Harris cosponsored legislation calling on several U.S. agencies to investigate China’s crackdown on the Uyghur ethnic group and the autonomy of Hong Kong.

Climate Change

Harris describes the climate crisis as an “existential threat.” She has supported many of Biden’s climate policies, including his decision to rejoin the Paris Agreement, and cast the tiebreaking vote in the Senate to pass the largest clean energy and climate investment bill in U.S. history.

Harris backed Biden’s decision to return the United States to the 2015 Paris Agreement, under which nearly two hundred countries agreed to reduce their greenhouse gas emissions to limit global temperature rise.

She cast the tiebreaking vote on the 2022 Inflation Reduction Act (IRA), the largest investment in climate-related policies in U.S. history. The bill budgets roughly $370 billion for emissions-reduction efforts, including tax credits and subsidies for clean energy projects. The IRA builds on the 2021 Infrastructure Investment and Jobs Act (IIJA), a $1.2 trillion law to upgrade U.S. infrastructure and spur the adoption of electric vehicles, among other measures.

As part of the IIJA, the Biden-Harris administration created the Civil Nuclear Credit Program to invest $6 billion in existing nuclear energy facilities. In March 2024, the administration announced it will lend $1.5 billion to Michigan to restart a shuttered nuclear plant, the nation’s first such recommissioning.

Harris launched a new partnership between the United States and Caribbean countries that seeks to strengthen energy security, critical infrastructure, and local economies in the region.

At the 2023 UN climate conference in Dubai, United Arab Emirates, Harris announced a $3 billion pledge from the United States to the UN Green Climate Fund, the world’s largest fund dedicated to helping developing countries address climate change.

The Biden-Harris administration created the American Climate Corps, a jobs program that aims to train tens of thousands of young people in high-demand skills for careers in climate action and clean energy. The program is modeled after President Franklin D. Roosevelt’s Civilian Conservation Corps.

The Biden-Harris administration has approved a range of new fossil fuel projects, including an $8 billion oil drilling project in northern Alaska. However, it also announced restrictions on new oil and gas leasing on 13 million acres (5.3 million hectares) of an Alaskan federal petroleum reserve. Under the administration, oil and gas production has continued to grow to historic highs, with the United States becoming the world’s largest crude oil producer.

As a 2020 presidential candidate, Harris put forth a $10 trillion plan that called for net-zero emissions by 2045 and a carbon-neutral electricity sector by 2030. She also pledged to end federal support for the fossil fuel industry and called for a carbon tax and a ban on fracking. Her 2024 campaign said she will not ban fracking.

As a senator in 2019, Harris was an early co-sponsor of the Green New Deal, a nonbinding congressional resolution that aimed to help the United States transition to 100 percent clean energy within a decade, and said she would eliminate the Senate filibuster to pass the deal if needed.

Defense and North Atlantic Terrorist Organization (NATO)

Harris has positioned herself as a strong supporter of multilateral cooperation and the North Atlantic Treaty Organization (NATO). She has emphasized the U.S. commitment to Ukraine and furthered U.S. space policy as chair of the White House National Space Council.

The Biden-Harris administration’s 2022 National Security Strategy [PDF] broadly maintained the Trump administration’s focus on great-power competition with China and Russia. Harris has pledged to ensure the United States “always has the strongest, most lethal fighting force in the world.”

At the Munich Security Conference in 2024, Harris reaffirmed the U.S. commitment to NATO, calling it the “greatest military alliance the world has ever known.” Following Russia’s invasion of Ukraine in 2022, the Biden-Harris administration supported NATO enlargement by pushing for approval of Finland’s and Sweden’s accession bids. (The countries joined NATO in 2023 and 2024, respectively.)

The Biden-Harris administration also formulated an updated Indo-Pacific Strategy [PDF], which pledges to support “a free and open Indo-Pacific.” To that end, the United States has inked a new defense pact with Papua New Guinea and advanced an existing defense agreement with the Philippines. The Biden-Harris administration has also deepened security cooperation with Japan and South Korea, and it held the inaugural in-person summit of the so-called Quad—an alliance comprising the United States, Australia, India, and Japan—which aims to counter China in the Indo-Pacific.

The administration announced a new trilateral pact with Australia and the United Kingdom, known as AUKUS, that seeks to bolster the countries’ allied deterrence and defense capabilities against China, including by supplying Australia with nuclear-powered submarines.

Harris has called for greater involvement with Africa, and in 2023, led a weeklong trip to the continent. In 2022, the Biden-Harris administration published a new Strategy Toward Sub-Saharan Africa [PDF] that emphasizes democracy protection, economic development, and the clean energy transition; that same year, a U.S.-Africa Leaders Summit produced commitments to increase U.S. military aid and training for African governments.

Harris chairs the White House’s National Space Council, which advises the president on space policy and strategy. In 2022, she announced the U.S. commitment to halt anti-satellite weapons tests, which create dangerous atmospheric debris. She has also overseen a large increase in the number of signatories to the Artemis Accords, a global agreement governing space-related activity.

In 2019, she told CFR that the war in Afghanistan “must come to an end.” The Biden-Harris administration withdrew all remaining U.S. troops from the country in August 2021 as part of an earlier deal struck by Trump.

She also told CFR that she would consider some sanctions relief to improve life for North Koreans in exchange for Pyongyang taking “serious, verifiable steps” to denuclearize.

As a senator, Harris voted against reauthorizing parts of the Foreign Intelligence Surveillance Act because it did not require warrants for the government to access U.S. citizens’ information.

Fiscal Policy and Debt

The Biden-Harris administration has focused on making public investments in infrastructure and green energy, expanding the middle class, and challenging monopolistic consolidation. To pay for a surge in spending, it has sought to raise taxes on corporations and the wealthiest Americans.

Harris supported legislation signed by Biden that authorized trillions of dollars in new public spending. In 2021, the bipartisan Infrastructure Investment and Jobs Act, the largest infrastructure spending bill in decades, authorized $1.2 trillion in spending toward U.S. roads, railways, airports, and other infrastructure. Additional subsidies for semiconductor and climate investments have surpassed $800 billion.

Nonpartisan watchdogs expect that the administration’s spending programs will increase the growing federal deficit by more than $1 trillion over the next decade. The deficit is now $1.7 trillion, and the national debt has climbed past $30 trillion, or more than 100 percent of U.S. economic output.

She has backed Biden’s proposals to institute $5 trillion worth of tax increases. She supports raising the top income tax rate, taxing capital gains like income for Americans making more than $1 million, and implementing a wealth tax that would impose a 25 percent levy on individuals with more than $100 million worth of total assets, including unrealized gains. She also favors raising the corporate tax rate from 21 to 28 percent.

Harris says that building the middle class will be a “defining goal” of her presidency. Her proposed policies include raising the minimum wage, eliminating taxes on tips, and creating a newborn child tax credit of up to $6,000 per year. The economic proposals in a fact sheet released by the Harris campaign would add $1.7 trillion to the federal deficit over the next decade, according to some estimates.

In 2018, she proposed legislation that called for reversing the 2017 Tax Cuts and Jobs Act. Many of these cuts are set to expire in 2025; Biden has proposed maintaining cuts for Americans making less than $400,000, a plan Harris now supports.

In 2021, the Biden-Harris administration brokered a global agreement to tax corporations at a minimum of 15 percent, though it is yet to be implemented. A year later, the administration introduced a 15 percent corporate minimum tax on U.S. companies with annual income over $1 billion. Harris supports raising that rate to 21 percent.

The administration has made antitrust policy a priority, challenging alleged monopolies in the aviation, energy, and technology sectors. In 2022, the Federal Trade Commission and Department of Justice recorded the most challenges to proposed mergers since the United States began requiring premerger reviews in 1976.

Global Health and Pandemic Prevention

Harris has prioritized national and international health-care issues. She has long been an outspoken supporter of reproductive rights, advocating for new legislation to restore abortion rights overturned by the Supreme Court. She has also played a role in the administration’s efforts to address the opioid epidemic.

The Biden-Harris administration pursued an aggressive COVID-19 vaccination policy that included free vaccine access and a nationwide vaccine mandate that would have affected most large employers. (The Supreme Court later struck down the mandate.) In 2021, the administration released a national pandemic strategy [PDF] that focused on quickly ramping up vaccine production, protecting essential workers, and expanding access to testing and treatment.

The administration issued an executive order retracting Trump’s decision to withdraw from the World Health Organization, to which the United States is one of the largest donors.

In 2023, Harris convened state attorneys general from across the country to discuss state and federal efforts to address the U.S. opioid epidemic. The Biden-Harris administration has declared synthetic opioid trafficking a national emergency; sanctioned firms and individuals in China, a critical node in the drug’s supply chain; and pushed China and Mexico to do more to stem the flow of fentanyl into the United States.

In 2022, the Biden-Harris administration unveiled a new national biodefense strategy [PDF] that aims to help the United States better prepare for large-scale biological or viral threats that could emerge in the future. The strategy led to the creation of the White House’s Office of Pandemic Preparedness and Response Policy, tasked with coordinating, leading, and implementing pandemic preparedness efforts.

Harris has been a leading voice on reproductive rights. She criticized the Supreme Court’s decision to overturn Roe v. Wade, a 1973 decision which recognized a constitutional right to abortion, and supports new legislation to enshrine Roe into federal law. In 2021, the Biden-Harris administration rescinded the so-called Mexico City policy blocking abortion-related programs from receiving U.S. foreign aid, saying that it undermined U.S. efforts to support women’s health.

As a senator, Harris cosponsored legislation that sought to ban states from imposing restrictions on abortion rights, and she voted against a bill that aimed to ban abortions after twenty weeks.

Immigration

Harris advocates for comprehensive immigration reform. She was tasked with leading the federal effort to address the root causes of migration from Central America, though her comments dissuading would-be migrants from traveling to the United States have created controversy.

Harris has promised to reform the “broken” immigration system, including by bringing back and signing into law the bipartisan border security bill that failed twice in Congress.

Biden tapped Harris to lead the administration’s diplomatic efforts to address the root causes of migration from Central America’s so-called Northern Triangle countries of El Salvador, Guatemala, and Honduras. Since 2021, Harris has helped secure some $5 billion in private sector investment to promote economic opportunities and curb violence in Central America.

During her first international trip to Guatemala and Mexico in 2021, she told would-be migrants thinking about making the dangerous trek to the southern U.S. border “do not come” given the likelihood they would be turned away by border authorities.

The Biden-Harris administration reinstated the Central American Minors program, which has allowed thousands of children from the Northern Triangle to gain refugee status or temporary legal residence before traveling to the southern U.S. border.

The Biden-Harris administration has sought to rebuild the U.S. refugee resettlement program after Trump made large cuts. In fiscal year 2023, the United States welcomed more than sixty thousand refugees, over double the previous year. The administration also created new parole programs that have welcomed tens of thousands of Afghan and Ukrainian refugees to the United States.

The administration has sought to restore asylum access, including by ending daily limits on asylum applications and restoring protections to victims of domestic and gang violence. However, it unveiled a new policy in 2023 that allows the government to deny asylum to migrants who did not previously apply for it in a third country and to those who cross the border illegally. This approach includes new screening centers in several Latin American countries.

In 2024, the administration also issued an order temporarily blocking people who illegally cross the border from seeking asylum once the number of daily crossings exceeds a certain threshold—which it has for much of Biden’s presidency. A separate order also expanded green card access for certain undocumented immigrants who are married to U.S. citizens.

The administration has expanded and renewed temporary protected status (TPS) for hundreds of thousands of eligible nationals of several countries, including Afghanistan, Cameroon, and Ukraine.

The Biden-Harris team has expanded the capacity of some guest worker visa programs in response to the increasing demand for temporary workers.

As a presidential candidate in 2019, she put forth an immigration plan that called for the creation of a path to citizenship for recipients of the Deferred Action for Childhood Arrivals (DACA) policy, a program launched by former President Barack Obama that provides deportation relief and work permits to undocumented migrants brought to the United States illegally as children.

In 2020, she reintroduced the Access to Counsel Act, which would ensure that people held or detained while entering the United States have access to legal counsel. She originally introduced the bill—her first as a senator—in 2017. She also supported legislation that would have expedited the reunification of immigrant families.

Middle East

Harris backs Israel’s right to self-defense but has also been outspoken about the toll on Palestinian civilians amid the war between Israel and Hamas. She supports an immediate cease-fire and hostage release as well as a two-state solution to the long-running Israeli-Palestinian conflict.

Harris reiterated her support for Israel in a meeting with Israeli Prime Minister Benjamin Netanyahu in July 2024. She has welcomed U.S. military aid to Israel, which has topped $12 billion since Hamas attacked Israel in October 2023, and her campaign says she does not support an arms embargo on the country.

Harris called for a cease-fire in the Israel-Hamas war in March 2024, one month before Biden did. She said she supports “Israel’s legitimate military objectives to eliminate the threat of Hamas” but decried the “humanitarian catastrophe” in the Gaza Strip. She has pressed Israeli leaders to do more to protect civilians and has pushed the Israeli government to allow more aid into Gaza.

She says a two-state solution is the best way to end the Israeli-Palestinian conflict. She has called for a “revitalized” Palestinian Authority to govern a unified Gaza and West Bank. She also says Israel needs to hold “extremist settlers” in the West Bank accountable for violence against Palestinians. In February 2024, the U.S. Treasury Department sanctioned four Israeli settlers accused of violence in the West Bank.

In 2021, she affirmed U.S. support for the Abraham Accords, a series of normalization deals between Israel and Arab countries negotiated by the Trump administration.

Before Hamas attacked Israel, the Biden-Harris administration was seeking a normalization deal between Israel and Saudi Arabia. In exchange, Riyadh had asked for formalized U.S. security guarantees, cooperation on a civilian nuclear program, and Israeli concessions toward Palestinians.

As a senator, she supported a 2018 resolution calling on the president to end all military actions in Yemen and voted to block weapons sales to Saudi Arabia. The Biden-Harris administration froze certain offensive arms sales to Saudi Arabia in 2021 before resuming them in August 2024 with a $750 million weapons sale.

She says she will take “whatever action is necessary” to defend U.S. troops against Iran and its proxies. After Iran-aligned forces killed three U.S. service members in Jordan in January 2024, U.S. military forces struck more than eighty-five Iran-linked targets in Iraq and Syria.

In 2019, she told CFR that she would rejoin the 2015 Iran nuclear deal if Iran returned to compliance. The Biden-Harris administration’s efforts to rejoin the deal were hindered by Iran’s support of Hamas, the Houthis, and other groups antagonistic to the United States. After Iran-aligned forces killed three U.S. service members in Jordan in January 2024, U.S. military forces struck more than eighty-five Iran-linked targets in Iraq and Syria.

Russia–Ukraine

Harris says the United States will back Ukraine’s defensive efforts against Russia for “as long as it takes” to counter the threat that a Russian victory would pose to the rest of Europe. She has represented the United States at peace talks on Ukraine and encouraged Congress to give Kyiv tens of billions of dollars in financial assistance.

Harris has condemned Russia’s invasion, saying the United States is “committed to helping Ukraine rebuild” and achieve “a just and lasting peace.” Since 2022, the United States has provided Ukraine with some $175 billion in assistance, including financial, humanitarian, and military support.

In June 2024, Harris represented the United States at a peace summit organized by Ukraine in Switzerland, where she sought to rally global support to pressure Russia to end its war. At the summit, she pledged close to $2 billion in additional aid for Ukraine.

Harris argues that a failure to respond to Russian aggression in Ukraine would embolden other countries considering invasions. She has helped coordinate with Western allies to impose sweeping sanctions, export controls, and other penalties on Russian entities and individuals, including the Russian private military company Wagner Group. The measures have focused on isolating Russia from the global financial system, limiting its energy exports, and hampering its military capabilities.

She says Russia has committed crimes against humanity in Ukraine. In 2019, she told CFR that Russia’s occupation of Crimea is a “severe violation of international norms.”

In 2018, Harris was among more than two dozen Democratic lawmakers who objected to Trump’s decision to withdraw from a 1987 treaty that required the United States and Russia to eliminate their stockpiles of midrange, ground-launched nuclear missiles.

Trade

Harris says trade is important for economic growth but argues that trade deals should shield American workers from unfair practices abroad. The Biden-Harris administration has applied new guardrails on trade aimed at promoting U.S. manufacturing, countering China’s economic rise, and addressing worsening climate change.

Before becoming vice president, Harris said she is “not a protectionist Democrat” and opposed widespread tariffs, which she has argued contribute to inflation. However, the Biden-Harris administration has maintained some $360 billion in tariffs on China that were implemented by Trump and introduced tens of billions of dollars in additional duties.

The Biden-Harris administration has argued that previous trade deals focused too much on boosting corporate profits while exposing U.S. workers to unfair competition. It has sought to strengthen investment in U.S. manufacturing and infrastructure to increase the country’s economic competitiveness.

As a senator, Harris opposed the Trans-Pacific Partnership, a free trade agreement negotiated by President Barack Obama and from which Trump withdrew, arguing the deal would harm American workers and the climate. The Biden-Harris administration has instead sought to negotiate a successor deal that includes cooperation on supply chains but does not eliminate tariffs or increase access to the U.S. market.

She was one of ten senators to oppose the U.S.-Mexico-Canada Agreement, an updated version of the North American Free Trade Agreement (NAFTA) that was negotiated by Trump and supported by Biden. In 2019, she said that she would not sign a trade deal “unless it protected American workers and it protected our environment.”

The Biden-Harris Administration has mobilized the federal government to support strategic domestic industries, an effort known as industrial policy. Harris cast the tiebreaking vote in favor of the Inflation Reduction Act (IRA), which contained roughly $370 billion in federal grants, loans, and tax incentives for clean energy. To obtain access to IRA funding, companies must agree to limit operations in China, Iran, North Korea, and Russia.

In 2022, the administration passed the CHIPS and Science Act directing hundreds of billions of dollars toward U.S. semiconductor manufacturing. It has also imposed a slew of new restrictions aimed at curtailing Beijing’s access to advanced technologies and pushed U.S. allies, including major semiconductor suppliers Japan and the Netherlands, to implement similar restrictions.

Harris has said that she wants to reform the World Trade Organization (WTO). The Biden-Harris administration has pushed for changes to the WTO’s dispute-settlement mechanism even as it has continued Trump’s and Obama’s practice of blocking nominees to its appeals court, saying that China is gaming the system.

[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.

[gis56]

IT Connectors: $79.2B → $148.9B by 2033 💻 (6.5% CAGR)

IT Connector Market is an essential segment of the technology industry, responsible for facilitating seamless data and power transmission between critical IT components. With the rise of digitization, these connectors — ranging from basic cables to advanced fiber optics and wireless systems — are crucial to industries such as telecommunications, data centers, and consumer electronics. The ongoing innovations in miniaturization and high-speed connectivity are driving this market forward, responding to the growing demand for more efficient and reliable IT infrastructure.

To Request Sample Report : https://www.globalinsightservices.com/request-sample/?id=GIS26870 &utm_source=SnehaPatil&utm_medium=Article

The automotive sector currently leads the market, driven by the demand for electric vehicles (EVs) and advanced driver-assistance systems (ADAS). These systems require robust connectors for efficient and reliable performance. The telecommunications industry follows closely, with the rollout of 5G networks and the proliferation of IoT devices, creating a high demand for advanced connectors capable of handling high-speed data transfer. North America leads the global market due to its robust technological ecosystem and early adoption of advanced technologies. Europe also performs strongly, with a focus on smart manufacturing and stringent regulations. The United States and Germany are key contributors to regional growth.

Market Segmentation:

Types: Circular, Rectangular, Fiber Optic, RF Coaxial, PCB, I/O Connectors

Applications: Data Communication, Telecommunications, Automotive, Consumer Electronics, Medical Devices

Technology: Surface Mount, Through-Hole, Press-Fit

End Users: IT, Telecom, Automotive, Aerospace, Healthcare

In 2023, the data center connectors segment dominated with 45% of the market share, driven by the expansion of cloud computing and data storage needs. The market is projected to grow at a CAGR of 8% from 2024 to 2033, with key players like TE Connectivity, Amphenol Corporation, and Molex shaping the competitive landscape.

#ITConnectors #DataCenters #Telecommunications #ElectricVehicles #5GConnectivity #IoT #HighSpeedData #SmartManufacturing #TechInnovation #Miniaturization #DataSecurity #TelecomIndustry #DigitalTransformation #AutomotiveTech #CloudComputing

[visionarycios]

China Pledges Aggressive Economic Policies to Drive Growth in 2025

https://visionarycios.com/wp-content/uploads/2024/12/1-China-Pledges-Aggressive-Economic-Policies-to-Drive-Growth-in-2025-Source-scmp.com_.jpg

Source: scmp.com

China’s leadership has announced plans to implement an appropriately loose China monetary policy alongside a more proactive fiscal policy in 2025 to boost economic growth. The announcement was made during a Politburo meeting, where officials outlined key strategies to stabilize the economy and enhance domestic demand.

The meeting, held ahead of the annual Central Economic Work Conference, emphasized the need for stronger fiscal and monetary measures to address the country’s economic challenges. The Politburo highlighted the importance of expanding domestic consumption and stabilizing key sectors such as housing and stock markets, though specific details were not provided.

Focus on Domestic Demand and Stability

According to the meeting’s readout, authorities will follow the principle of pursuing progress while maintaining stability in 2025. Policymakers are set to strengthen counter-cyclical adjustments, refine policy tools, and ensure economic stability through targeted interventions.

The new China monetary policy stance marks a shift from the cautious approach adopted in late 2010. Economists suggest this change signals significant fiscal stimulus, potential interest rate cuts, and asset-buying initiatives in the coming year.

The announcement has already had a positive impact on financial markets, with Hong Kong’s Hang Seng Index surging 2.8% to its highest level in a month and Chinese government bonds experiencing a rally.

Economic Challenges and Policy Shifts

China’s economy has faced considerable challenges this year, with sluggish household demand and a property market crisis eroding consumer confidence. Policymakers acted in September with aggressive monetary easing, including interest rate cuts and a 1 trillion yuan ($140 billion) injection into the financial system.

Despite these efforts, sustaining the current growth target of around 5% in 2025 will be a formidable task. This is particularly true as the United States, under President-elect Donald Trump, has threatened to impose tariffs of 60% or more on Chinese imports.

China’s central bank categorizes monetary policy into five levels: loose, appropriately loose, prudent, appropriately tight, and tight. The adoption of an appropriately loose stance last occurred during the 2008 global financial crisis, before shifting to a prudent approach in 2010.

In November, the government unveiled a 10 trillion yuan ($1.4 trillion) debt package aimed at easing local government financing strains and stabilizing economic growth. However, this package is intended to address long-term municipal debt issues rather than provide immediate economic stimulus.

Rising Concerns Over US Tariffs

China’s heavy reliance on manufacturing and exports has left it vulnerable to external shocks, including the anticipated US tariffs. Industrial sectors that export over $400 billion worth of goods annually to the United States are particularly at risk.

Government advisers have recommended maintaining the current growth target while urging more aggressive fiscal stimulus to counter deflationary pressures and mitigate the impact of US trade policies. Finance Minister Lan Foan has indicated that additional stimulus measures are being planned but did not provide specifics.

Calls for Consumer-Centric Policies

Economists have stressed the need for China to adopt more consumer-focused policies. They argue for increased financial support for low-income households, alongside structural reforms in taxation, welfare, and social policies to address deep-rooted economic imbalances.

Despite these recommendations, Beijing has largely prioritized upgrading its export-driven manufacturing sector. The country has made significant progress in industries such as electric vehicles, solar energy, and batteries, but this focus has drawn criticism from key trade partners.

China’s latest policy announcements underscore the government’s commitment to revitalizing the economy in 2025. However, the road ahead remains uncertain as the country grapples with domestic challenges and external pressures related to the implementation of this new China monetary policy.

[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.

[reportprime1]

Global Light Duty Vehicle Market Growth Dynamics, Trends, and Future Prospects to 2030

The Light Duty Vehicle market is expected to grow from USD 666.22 Billion in 2024 to USD 1075.55 Billion by 2030, at a CAGR of 8.31% during the forecast period.

The light-duty vehicle (LDV) market is a critical segment of the global automotive industry, encompassing passenger cars, vans, and small trucks with a gross vehicle weight rating (GVWR) of up to 8,500 pounds. The market has experienced steady growth due to rising urbanization, increasing disposable incomes, and evolving consumer preferences for fuel-efficient, compact, and environmentally friendly vehicles. The ongoing shift toward electrification and stringent emission regulations is reshaping the landscape, creating new opportunities for innovation and growth.

For More Insights into the Market, Request a Sample of this Report https://www.reportprime.com/enquiry/sample-report/19877

Market Growth Drivers

Electrification Trends: The increasing adoption of electric light-duty vehicles (e-LDVs) is one of the most significant drivers of market growth. Governments across the globe are incentivizing the production and adoption of electric vehicles (EVs) through subsidies, tax rebates, and the development of charging infrastructure. For instance, the International Energy Agency (IEA) reported that EV sales exceeded 10 million units globally in 2022, with a significant portion attributed to the LDV segment.

Stringent Emission Standards: Regulatory bodies are enforcing strict emission standards to combat climate change and reduce air pollution. Standards such as the European Union’s Euro 7 and the United States' Corporate Average Fuel Economy (CAFE) requirements are pushing automakers to invest in low-emission and zero-emission vehicle technologies. Hybrid, plug-in hybrid, and fully electric light-duty vehicles are gaining traction as a result.

Urbanization and Mobility Needs: The rapid pace of urbanization, particularly in emerging economies, is driving demand for light-duty vehicles due to their practicality, fuel efficiency, and affordability. Compact and mid-sized vehicles dominate urban markets, addressing the need for efficient transportation solutions in congested city environments.

Market Segmentations

By Type: Automatic Transmission, Manual Transmission, Continuous Variable Transmission

By Applications: Fuel Car, Electric Cars

Regional Analysis The light-duty vehicle market in North America is driven by strong consumer demand for pickup trucks and SUVs. Electrification is gaining momentum, with manufacturers like Tesla, Ford, and General Motors investing heavily in electric light-duty trucks and cars.Europe is at the forefront of the electric light-duty vehicle revolution, supported by stringent emission standards and government incentives. Countries like Norway, Germany, and the Netherlands are leading in EV penetration rates, with manufacturers like Volkswagen and Renault introducing a range of electric LDVs.

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Competitive Landscape

The light-duty vehicle market is highly competitive, with key players focusing on innovation, electrification, and strategic partnerships to strengthen their market presence. Prominent players include Toyota Motor Corporation, Volkswagen AG, General Motors, Ford Motor Company, Tesla, Hyundai Motor Group, and Stellantis.

These companies are increasingly investing in R&D to develop fuel-efficient and electric LDVs. For example, Toyota is focusing on hybrid and hydrogen-powered vehicles, while Tesla continues to lead the EV market with its advanced electric car lineup.

Future Outlook

The global light-duty vehicle market is poised for substantial growth, driven by electrification, urbanization, and technological advancements. According to market forecasts, the LDV segment is expected to grow at a compound annual growth rate (CAGR) of approximately 6%-8% between 2024 and 2030, with electric and hybrid vehicles leading the charge.

[sadisweetomi]

Five facts about electric vehicles in 2024

DETROIT

Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds.

In a milestone for China, the world's biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in hybrid electric vehicles. Chinese companies such as BYD continue to gain traction worldwide with their inexpensive EVs.

Electric vehicles also made headway in Europe and the U.S. Uncertainty around purchase subsidies could complicate matters come 2025, especially under the incoming Trump administration in the U.S. But mainstream consumers remain interested in new models, longer driving ranges, better performance and lower prices.

The transition to electric vehicles is an important part of the shift to clean energy. Road transport accounts for around one-sixth of all global emissions from energy, according to the International Energy Agency. Widespread EV adoption could significantly address climate change.

Here are five facts about EVs this year. Most of the data comes from consultancy Rho Motion.

The global EV market, including pure EVs and plug-in hybrids, grew by 25% year-over-year as of November.

Rho Motion estimates 15.2 million EVs had been sold worldwide ahead of the end of the year, and the International Energy Agency expected electrified vehicle sales to reach one in five cars sold globally. Most were in China.

Mexico sold roughly 5 times as many EVs this year than last, mostly from Chinese powerhouse automaker BYD, according to Rho Motion.

Because China's population is so much larger, its 40% growth year-to-date translates to many more EVs than Mexico's fivefold increase.

Other areas of note are the United Kingdom, which saw a roughly 17% increase year-to-date. That's interesting to compare to France and Germany, which saw sales decline.

In Turkey, the EV market grew by almost 50% year-to-date, driven by Tesla entering the market last year and Togg, a Turkish auto company, ramping up its sales.

In Norway, which for years has been in first place for share of vehicles that are electric, 90% of new cars were EVs.

The best-selling pure electric vehicles were the Tesla Model Y, followed by the Tesla Model 3 — both globally and in the U.S., according to Rho Motion.

The Model Y SUV was released in 2020. Its base version today costs nearly $45,000.

The Model 3 was released in 2017. The least expensive version sells for around $42,000.

Both have been eligible for a $7,500 tax credit in the U.S.

Tesla's market share stood at 17% of all electric cars across the globe through October, according to Rho Motion.

In the U.S., Tesla's market share was 49% through October. That means the company still has the biggest EV market share. But its hold is shrinking as other auto companies combined sell a growing number of electrics. For example, GM, Ford, Honda and more are offering a wider variety of EVs at lower prices and sizes and are chipping away at Tesla's longstanding lead.

Tesla remains the most valuable auto company in the world, with a market value of $1.4 trillion.

[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]