#United States Electric Vehicles Market report

[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.

[renubresearch]

United States Electric Vehicle Market will be US$ 391.03 Billion by 2030

Renub Research has released a report titled “United States Movie Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030,” which includes market percentage records and a thorough enterprise analysis. This report looks at the competition, geographic distribution, and growth potential of the United States Movie Market. United States Movie Market is predicted to extend at…

[justinspoliticalcorner]

Dean Obeidallah at The Dean's Report:

“The one big thing nobody is talking about: Did Elon want to shut the government down because of his business deals with China?” That was the first line of Rep. Jim McGovern (D-Mass) multi-part statement Saturday posted on Elon Musk’s platform, X--ironically enough. A similar point was also made Friday by Rep. Rosa DeLauro (D-CT)—the ranking minority member of the House Appropriations Committee-in a detailed letter to leaders of the House and the Senate. What was the issue the two were flagging? As Rep. McGovern wrote: “The original funding bill (that he [Musk] killed) included what’s called an “outbound investment” provision—which would limit & screen U.S. money flowing to China. That would have made it easier to keep cutting-edge AI and quantum computing tech—as well as jobs—in America. But Elon had a problem.” DeLauro gave even more context to this provision vetting investments in China: “This outbound investment provision was agreed to after months of bipartisan, bicameral negotiations and years of advocacy from Members of Congress. It would have kept innovation and manufacturing in semiconductors, artificial intelligence (AI), quantum computing, and other cutting-edge technologies in the United States and prevented wealthy investors from continuing to offshore production and U.S. intellectual property into China – benefiting only their bottom lines and the Chinese Communist Party.” But Musk—per these two members of Congress—led the charge to block this proposed legislation because as McGovern accurately noted, Musk’s “second-largest market is China. He’s building huge factories there. His bottom line depends on staying in China’s good graces.” The result was that when the new budget deal was agreed upon Friday, guess what was missing? Yep, the provision that would’ve been bad for Musk’s business deals with the Chinese Communist Party—which is in essence Musk’s business partner as the NY Times detailed earlier this year in an article titled, “How Elon Musk Became ‘Kind of Pro-China.’” (Musk’s exact words.)

Rep. DeLauro explained in more detail the financial incentive behind Musk’s action to block this provision: “Musk’s car company, Tesla has poured billions of dollars into investments in China, particularly its “gigafactory” in Shanghai. The Shanghai plant is Tesla’s largest car manufacturing facility – the Chinese gigafactory produced about 50 percent of Tesla’s global automobile output over the last year.” DeLauro continued, “And in May of this year, Tesla broke ground on a new $200 million factory to manufacture large batteries critical to its electric vehicle supply chain…Notably, proponents of regulating U.S. investment in China have advocated for the inclusion of large battery manufacturing in the list of technologies subject to outbound investment screening.” Yep, these new law could’ve impacted Musk’s new business venture per DeLauro.

Rep. McGovern also raised concerns about Musk’s future business plans involving China, explaining Musk “wants to build an AI data center there too—which could endanger U.S. security.” Importantly, DeLauro detailed for all to see Musk’s documented personal relations with the Chinese Communist Party, noting, “Musk has ingratiated himself with Chinese Communist Party leadership.” For example, she cited Musk’s close ties with “Chinese premier Li Qiang, who helped rush the construction of Tesla’s Shanghai gigafactory.” DeLauro concluded her letter by writing, “It is extremely alarming that House Republican leadership, at the urging of an unelected billionaire, scrapped…this critical provision to protect American jobs and critical capabilities.” Adding, “This is particularly concerning given Elon Musk’s extensive investments in China in key sectors and his personal ties with Chinese Communist Party leadership, and calls into question the real reason for Musk’s opposition to the original funding deal.”

[...] In fact, even a well-known Republican raised alarm bells about Musk’s loyalty to Beijing. Vivek Ramaswamy--who Trump tapped with Musk to co-head the newly created Department of Government Efficiency--was publicly warning in 2023 that Musk was a puppet for the Chinese Communist Party. As CNN recently reported, Ramaswamy was concerned that “Tesla is increasingly beholden to China,” adding damningly, “I have no reason to think Elon won’t jump like a circus monkey when [China’s leader] Xi Jinping calls in the hour of need.” The GOP silence on Musk’s extensive ties to the Chinese Communist Party is beyond hypocritical given that for years Republicans have slammed China as a threat. For example, in January 2023, the House GOP created “The Select Committee on the Chinese Communist Party” designed to address the “threat posed by the Chinese Communist Party and develop a plan of action to defend the American people, our economy, and our values.” Earlier this year, the House GOP led the charge to ban Tik Tok from having access to the United States--which was signed into law and goes into effect Jan. 19, 2025 unless the Chinese company that owns the social media platform sells it to a non-Chinese company. But when it comes to Musk, the GOP doesn’t care that he has documented ties to top Chinese Communist Party officials.

CCP puppet and de facto “President” Elon Musk helped block the original CR to protect his business deals with the Chinese government, because it had an “outbound investment” provision that would screen any US money sent to China.

[rjzimmerman]

Republicans Can Slow but Not Stop Electric Vehicles, Experts Say. (New York Times)

Excerpt from this New York Times story:

To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies for battery manufacturing. Cheap loans to build electric car factories. Grants for chargers. Regulations that push automakers to sell more vehicles with no tailpipe emissions.

All of that support — amounting to hundreds of billions of dollars — could go away soon after the inauguration of President-elect Donald J. Trump, despite his close association with Elon Musk, chief executive of the electric car maker Tesla.

Mr. Trump and Republicans in Congress say they plan to eliminate most of the federal aid for electric cars and trucks and reverse emissions rules, raising doubts about the future of such vehicles and the billions of dollars that automakers have invested to design and build them.

Still, many auto experts say market forces and technological progress will ultimately drive a long-term transition to electric vehicles regardless of how far Republicans go in undoing President Biden’s climate agenda.

Prices of batteries, the most expensive part of an electric vehicle, are falling fast. Already, many electric cars cost no more to own than comparable gasoline models when savings on fuel and maintenance are taken into account.

Technology is improving rapidly. Batteries are becoming lighter and smaller while allowing faster charging and longer travel distances. And more than 12,000 high-voltage public chargers were added in the United States in 2024, a 33 percent increase from the year prior, according to Rho Motion, a research firm.

Automakers have a strong financial interest in promoting electric vehicles no matter who is in the White House. They need to earn a return on the investments they have made in production facilities. And failing to keep up with the technology could make them vulnerable to emerging Chinese competitors that are all-in on electric vehicles.

“No matter what policy changes are brought forward by the new administration we will abide by them and will adjust accordingly,” Randy Parker, chief executive of Hyundai Motor America, told reporters during a conference call last week.

“Make no mistake about it,” he added, “we’re committed to electrification.”

[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....

[thepastisalreadywritten]

SEOUL, South Korea — In fried-chicken-obsessed South Korea, restaurants serving the nation's favourite fast-food dish dot every street corner.

But Kang Ji-young's establishment brings something a little different to the table: a robot is cooking the chicken.

Eaten at everything from tiny family gatherings to a 10-million-viewer live-streamed "mukbang" -- eating broadcast -- by K-pop star Jungkook of BTS fame, fried chicken is deeply embedded in South Korean culture.

Paired with cold lager and known as "chimaek" -- a portmanteau of the Korean words for chicken and beer -- it is a staple of Seoul's famed baseball-watching experience.

The domestic market -- the world's third largest, after the United States and China -- is worth about seven trillion won ($5.3 billion).

However, labour shortages are starting to bite as South Korea faces a looming demographic disaster due to having the world's lowest birth rate.

Around 54 percent of business owners in the food service sector report problems finding employees, a government survey last year found, with long hours and stressful conditions the likely culprit, according to industry research.

Korean fried chicken is brined and double-fried, which gives it its signature crispy exterior, but the process -- more elaborate than what is typically used by US fast food chains -- creates additional labour and requires extended worker proximity to hot oil.

Enter Kang, a 38-year-old entrepreneur who saw an opportunity to improve the South Korean fried chicken business model and the dish itself.

"The market is huge," Kang told AFP at her Robert Chicken franchise.

Chicken and pork cutlets are the most popular delivery orders in South Korea, and the industry could clearly benefit from more automation "to effectively address labour costs and workforce shortages," she said.

Kang's robot, composed of a simple, flexible mechanical arm, is capable of frying 100 chickens in two hours -- a task that would require around five people and several deep fryers.

But not only does the robot make chicken more efficiently -- it makes it more delicious, says Kang.

"We can now say with confidence that our robot fries better than human beings do," she said.

Investing in 'foodtech'

Already a global cultural powerhouse and major semiconductor exporter, South Korea last year announced plans to plough millions of dollars into a "foodtech" fund to help startups working on high-tech food industry solutions.

Seoul says such innovations could become a "new growth engine," arguing there is huge potential if the country's prowess in advanced robotics and AI technology could be combined with the competitiveness of Korean food classics like kimchi.

South Korea's existing foodtech industry -- including everything from next-day grocery delivery app Market Kurly to AI smart kitchens to a "vegan egg" startup -- is already worth millions, said food science professor Lee Ki-won at Seoul National University.

Even South Korea's Samsung Electronics -- one of the world's biggest tech companies -- is trying to get in on the action, recently launching Samsung Food, an AI-personalised recipe and meal-planning platform, available in eight languages.

Lee predicted South Korea's other major conglomerates are likely to follow Samsung into foodtech.

"Delivering food using electric vehicles or having robots directly provide deliveries within apartment complexes, known as 'metamobility,' could become a part of our daily lives," he said.

"I am confident that within the next 10 years, the food tech industry will transform into the leading sector in South Korea."

'Initially struggled'

Entrepreneur Kang now has 15 robot-made chicken restaurants in South Korea and one branch in Singapore.

During AFP's visit to a Seoul branch, a robot meticulously handled the frying process -- from immersing chicken in oil, flipping it for even cooking, to retrieving it at the perfect level of crispiness, as the irresistible scent of crunchy chicken wafted through the shop.

Many customers remained oblivious to the hard-working robotic cook behind their meal.

Kim Moon-jung, a 54-year-old insurance worker, said she was not sure how a robot would make the chicken differently from a human "but one thing is certain -- it tastes delicious."

The robot can monitor oil temperature and oxidation levels in real time while it fries chicken, ensuring consistent taste and superior hygiene.

When Kang first started her business, she "initially struggled" to see why anyone would use robots rather than human chefs.

"But after developing these technologies, I've come to realise that from a customer's perspective, they're able to enjoy food that is not only cleaner but also tastier," she told AFP.

Her next venture is a tip-free bar in Koreatown in New York City, where the cocktails will feature Korea's soju rice wine and will be made by robots.

Entrepreneur aims to improve South Korea's dish using robot

11 September 2023

[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.

[dertaglichedan]

How Green Energy Helps Fund Taliban Islamic Terrorists

We have been reporting on how green energy is being used to fund the Communist Chinese.

There is one primary reason and its named is — lithium.

Lithium is a key mineral used to creating green energy and powers all electric vehicles.

The BBC’s Catherine Early who in a November 24th, 2020 article titled The new ‘gold rush’ for green lithium wrote,

Lithium is crucial for the transition to renewables, but mining it has been environmentally costly. Now a more sustainable source of lithium has been found deep beneath our feet. [ … ] The commercial use for lithium in the 21st Century could not be clearer. It is found not only inside smart phones and laptops, but is now vital to the clean energy transition, for the batteries that power electric vehicles and store energy so renewable power can be released steadily and reliably. Demand has soared in recent years as carmakers move toward electric vehicles, as many countries including the UK, Sweden, the Netherlands, France, Norway and Canada announce a phase-out of combustion-engine cars. In fact, five times more lithium than is mined currently is going to be necessary to meet global climate targets by 2050, according to the World Bank. Read more.

Visual Capitalist’s Jeff Desjardins did a series of infographics on lithium and predicted that by 2025 the battery market alone will be almost 2x bigger than the entire lithium market today.

The largest producers of lithium products in 2015 were Chile 37.0%, Australia 33.0%, Argentina 11.0%, China 10.0%, Zimbabwe 3.1%, other 3.3% and the USA 2.6%.

According to the World Economic Forum in January 2023 the largest producers of lithium are: #1 Australia 52%, #2 Chile 25%, #3 China 13%, #4 Argentina 6%, #5 Brazil 1%, #6 Zimbabwe 1%, #7 Portugal 1%, #8 The United States 1% and lastly the rest of the world with 0.1%

Lithium Funding Islamic Terrorists

In a July 21, 2023 FrontPage article titled “‘Green Energy’ Will Be Powered by Taliban Lithium” Daniel Greenfield reports,

One of the sales pitches for electric cars and assorted green energy projects was that we’d at least be able to unplug from Middle Eastern oil. But instead, we’ve become dependent on the Saudis anyway (the Saudis own 5% of Tesla) and, more crucially on China which sells us the junk solar panels and the rare earth metals (obtained through incredibly dirty mining processes that have devastated lakes and poisoned entire villages) to power the ‘clean’ revolution of ‘green energy’. Now, topping all that, since the United States failed to develop the lithium mines in Afghanistan and since Biden refuses to mine any at home, the Taliban and Communist China will profit from every garbage electric car that the lefties force down our throats in the name of their hoax environmental crisis. Save the planet, fund Islamic terrorism.

CONTINUED

[trump-executive-orders]

Unleashing American Energy

Issued January 20, 2025.

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

Section 1. Background. America is blessed with an abundance of energy and natural resources that have historically powered our Nation's economic prosperity. In recent years, burdensome and ideologically motivated regulations have impeded the development of these resources, limited the generation of reliable and affordable electricity, reduced job creation, and inflicted high energy costs upon our citizens. These high energy costs devastate American consumers by driving up the cost of transportation, heating, utilities, farming, and manufacturing, while weakening our national security.

It is thus in the national interest to unleash America's affordable and reliable energy and natural resources. This will restore American prosperity -- including for those men and women who have been forgotten by our economy in recent years. It will also rebuild our Nation's economic and military security, which will deliver peace through strength.

Sec. 2. Policy. It is the policy of the United States:

(a) to encourage energy exploration and production on Federal lands and waters, including on the Outer Continental Shelf, in order to meet the needs of our citizens and solidify the United States as a global energy leader long into the future;

(b) to establish our position as the leading producer and processor of non-fuel minerals, including rare earth minerals, which will create jobs and prosperity at home, strengthen supply chains for the United States and its allies, and reduce the global influence of malign and adversarial States;

(c) to protect the United States's economic and national security and military preparedness by ensuring that an abundant supply of reliable energy is readily accessible in every State and territory of the Nation;

(d) to ensure that all regulatory requirements related to energy are grounded in clearly applicable law;

(e) to eliminate the "electric vehicle (EV) mandate" and promote true consumer choice, which is essential for economic growth and innovation, by removing regulatory barriers to motor vehicle access; by ensuring a level regulatory playing field for consumer choice in vehicles; by terminating, where appropriate, state emissions waivers that function to limit sales of gasoline-powered automobiles; and by considering the elimination of unfair subsidies and other ill-conceived government-imposed market distortions that favor EVs over other technologies and effectively mandate their purchase by individuals, private businesses, and government entities alike by rendering other types of vehicles unaffordable.

(f) to safeguard the American people's freedom to choose from a variety of goods and appliances, including but not limited to lightbulbs, dishwashers, washing machines, gas stoves, water heaters, toilets, and shower heads, and to promote market competition and innovation within the manufacturing and appliance industries;

(g) to ensure that the global effects of a rule, regulation, or action shall, whenever evaluated, be reported separately from its domestic costs and benefits, in order to promote sound regulatory decision making and prioritize the interests of the American people;

(h) to guarantee that all executive departments and agencies (agencies) provide opportunity for public comment and rigorous, peer-reviewed scientific analysis; and

(i) to ensure that no Federal funding be employed in a manner contrary to the principles outlined in this section, unless required by law.

Sec. 3. Immediate Review of All Agency Actions that Potentially Burden the Development of Domestic Energy Resources. (a) The heads of all agencies shall review all existing regulations, orders, guidance documents, policies, settlements, consent orders, and any other agency actions (collectively, agency actions) to identify those agency actions that impose an undue burden on the identification, development, or use of domestic energy resources -- with particular attention to oil, natural gas, coal, hydropower, biofuels, critical mineral, and nuclear energy resources -- or that are otherwise inconsistent with the policy set forth in section 2 of this order, including restrictions on consumer choice of vehicles and appliances.

(b) Within 30 days of the date of this order, the head of each agency shall, in consultation with the director of the Office of Management and Budget (OMB) and the National Economic Council (NEC), develop and begin implementing action plans to suspend, revise, or rescind all agency actions identified as unduly burdensome under subsection (a) of this section, as expeditiously as possible and consistent with applicable law. The head of any agency who determines that such agency does not have agency actions described in subsection (a) of this section shall submit to the Director of OMB a written statement to that effect and, absent a determination by the Director of OMB that such agency does have agency actions described in this subsection, shall have no further responsibilities under this section.

(c) Agencies shall promptly notify the Attorney General of any steps taken pursuant to subsection (a) of this section so that the Attorney General may, as appropriate:

(i) provide notice of this Executive Order and any such actions to any court with jurisdiction over pending litigation in which such actions may be relevant; and

(ii) request that such court stay or otherwise delay further litigation, or seek other appropriate relief consistent with this order, pending the completion of the administrative sections described in this order.

(d) Pursuant to the policy outlined in section 2 of this order, the Attorney General shall consider whether pending litigation against illegal, dangerous, or harmful policies should be resolved through stays or other relief.

Sec. 4. Revocation of and Revisions to Certain Presidential and Regulatory Actions. (a) The following are revoked and any offices established therein are abolished:

(i) Executive Order 13990 of January 20, 2021 (Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis);

(ii) Executive Order 13992 of January 20, 2021 (Revocation of Certain Executive Orders Concerning Federal Regulation);

(iii) Executive Order 14008 of January 27, 2021 (Tackling the Climate Crisis at Home and Abroad);

(iv) Executive Order 14007 of January 27, 2021 (President's Council of Advisors on Science and Technology);

(v) Executive Order 14013 of February 4, 2021 (Rebuilding and Enhancing Programs to Resettle Refugees and Planning for the Impact of Climate Change on Migration);

(vi) Executive Order 14027 of May 7, 2021 (Establishment of the Climate Change Support Office);

(vii) Executive Order 14030 of May 20, 2021 (Climate-Related Financial Risk);

(viii) Executive Order 14037 of August 5, 2021 (Strengthening American Leadership in Clean Cars and Trucks);

(ix) Executive Order 14057 of December 8, 2021 (Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability);

(x) Executive Order 14072 of April 22, 2022 (Strengthening the Nation's Forests, Communities, and Local Economies);

(xi) Executive Order 14082 of September 12, 2022 (Implementation of the Energy and Infrastructure Provisions of the Inflation Reduction Act of 2022); and

(XII) Executive Order 14096 of April 21, 2023 (Revitalizing Our Nation's Commitment to Environmental Justice for All).

(b) All activities, programs, and operations associated with the American Climate Corps, including actions taken by any agency shall be terminated immediately. Within one day of the date of this order, the Secretary of the Interior shall submit a letter to all parties to the "American Climate Corps Memorandum of Understanding" dated December 2023 to terminate the memorandum, and the head of each party to the memorandum shall agree to the termination in writing.

(c) Any assets, funds, or resources allocated to an entity or program abolished by subsection (a) of this section shall be redirected or disposed of in accordance with applicable law.

(d) The head of any agency that has taken action respecting offices and programs in subsection (a) shall take all necessary steps to ensure that all such actions are terminated or, if necessary, appropriate, or required by law, that such activities are transitioned to other agencies or entities.

(e) Any contract or agreement between the United States and any third party on behalf of the entities or programs abolished in subsection (a) of this section, or in furtherance of them, shall be terminated for convenience, or otherwise, as quickly as permissible under the law.

Sec. 5. Unleashing Energy Dominance through Efficient Permitting. (a) Executive Order 11991 of May 24, 1977 (Relating to protection and enhancement of environmental quality) is hereby revoked.

(b) To expedite and simplify the permitting process, within 30 days of the date of this order, the Chairman of the Council on Environmental Quality (CEQ) shall provide guidance on implementing the National Environmental Policy Act (NEPA), 42 U.S.C. 4321 et seq., and propose rescinding CEQ's NEPA regulations found at 40 CFR 1500 et seq.

(c) Following the provision of the guidance, the Chairman of CEQ shall convene a working group to coordinate the revision of agency-level implementing regulations for consistency. The guidance in subsection (b) and any resulting implementing regulations must expedite permitting approvals and meet deadlines established in the Fiscal Responsibility Act of 2023 (Public Law 118-5). Consistent with applicable law, all agencies must prioritize efficiency and certainty over any other objectives, including those of activist groups, that do not align with the policy goals set forth in section 2 of this order or that could otherwise add delays and ambiguity to the permitting process.

(d) The Secretaries of Defense, Interior, Agriculture, Commerce, Housing and Urban Development, Transportation, Energy, Homeland Security, the Administrator of the Environmental Protection Agency (EPA), the Chairman of CEQ, and the heads of any other relevant agencies shall undertake all available efforts to eliminate all delays within their respective permitting processes, including through, but not limited to, the use of general permitting and permit by rule. For any project an agency head deems essential for the Nation's economy or national security, some agencies shall use all possible authorities, including emergency authorities, to expedite the adjudication of Federal permits. Agencies shall work closely with project sponsors to realize the ultimate construction or development of permitted projects.

(e) The Director of the NEC and the Director of the Office of Legislative Affairs shall jointly prepare recommendations to Congress, which shall:

(i) facilitate the permitting and construction of interstate energy transportation and other critical energy infrastructure, including, but not limited to, pipelines, particularly in regions of the Nation that have lacked such development in recent years; and

(ii) provide greater certainty in the Federal permitting process, including, but not limited to, streamlining the judicial review of the application of NEPA.

Sec. 6. Prioritizing Accuracy in Environmental Analyses. (a) In all Federal permitting adjudications or regulatory processes, all agencies shall adhere to only the relevant legislated requirements for environmental considerations and any considerations beyond these requirements are eliminated. In fulfilling all such requirements, agencies shall strictly use the most robust methodologies of assessment at their disposal and shall not use methodologies that are arbitrary or ideologically motivated.

(b) The Interagency Working Group on the Social Cost of Greenhouse Gases (IWG), which was established pursuant to Executive Order 13990, is hereby disbanded, and any guidance, instruction, recommendation, or document issued by the IWG is withdrawn as no longer representative of governmental policy including:

(i) the Presidential Memorandum of January 27, 2021 (Restoring Trust in Government Through Scientific Integrity and Evidence-Based Policymaking);

(ii) the Report of the Greenhouse Gas Monitoring and Measurement Interagency Working Group of November 2023 (National Strategy to Advance an Integrated U.S. Greenhouse Gas Measurement, Monitoring, and Information System);

(iii) the Technical Support Document of February 2021 (Social Cost of Carbon, Methane, and Nitrous Oxide Interim Estimates under Executive Order 13990); and

(iv) estimates of the social cost of greenhouse gases, including the estimates for the social cost of carbon, the social cost of methane, or the social cost of nitrous oxide based, in whole or part, on the IWG's work or guidance.

(c) The calculation of the "social cost of carbon" is marked by logical deficiencies, a poor basis in empirical science, politicization, and the absence of a foundation in legislation. Its abuse arbitrarily slows regulatory decisions and, by rendering the United States economy internationally uncompetitive, encourages a greater human impact on the environment by affording less efficient foreign energy producers a greater share of the global energy and natural resources market. Consequently, within 60 days of the date of this order, the Administrator of the EPA shall issue guidance to address these harmful and detrimental inadequacies, including consideration of eliminating the "social cost of carbon" calculation from any Federal permitting or regulatory decision.

(d) Prior to the guidance issued pursuant to subsection (c) of this section, agencies shall ensure estimates to assess the value of changes in greenhouse gas emissions resulting from agency actions, including with respect to the consideration of domestic versus international effects and evaluating appropriate discount rates, are, to the extent permitted by law, consistent with the guidance contained in OMB Circular A-4 of September 17, 2003 (Regulatory Analysis).

(e) Furthermore, the head of each agency shall, as appropriate and consistent with applicable law, initiate a process to make such changes to any rule, regulation, policy or action as may be necessary to ensure consistency within the Regulatory Analysis.

(f) Within 30 days of the date of this order, the Administrator of the EPA, in collaboration with the heads of any other relevant agencies, shall submit joint recommendations to the Director of OMB on the legality and continuing applicability of the Administrator's findings, "Endangerment and Cause or Contribute Findings for Greenhouse Gases Under Section 202(a) of the Clean Air Act," Final Rule, 74 FR 66496 (December 15, 2009).

Sec. 7. Terminating the Green New Deal. (a) All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022 (Public Law 117-169) or the Infrastructure Investment and Jobs Act (Public Law 117-58), including but not limited to funds for electric vehicle charging stations made available through the National Electric Vehicle Infrastructure Formula Program and the Charging and Fueling Infrastructure Discretionary Grant Program, and shall review their processes, policies, and programs for issuing grants, loans, contracts, or any other financial disbursements of such appropriated funds for consistency with the law and the policy outlined in section 2 of this order. Within 90 days of the date of this order, all agency heads shall submit a report to the Director of the NEC and Director of OMB that details the findings of this review, including recommendations to enhance their alignment with the policy set forth in section 2. No funds identified in this subsection (a) shall be disbursed by a given agency until the Director of OMB and Assistant to the President for Economic Policy have determined that such disbursements are consistent with any review recommendations they have chosen to adopt.

(b) When procuring goods and services, making decisions about leases, and making other arrangements that result in disbursements of Federal funds, agencies shall prioritize cost-effectiveness, American workers and businesses, and the sensible use of taxpayer money, to the greatest extent. The Director of OMB shall finalize and circulate guidelines to further implement this subsection.

(c) All agencies shall assess whether enforcement discretion of authorities and regulations can be utilized to advance the policy outlined in section 2 of this order. Within 30 days of the date of this order, each agency shall submit a report to the Director of OMB identifying any such instances.

Sec. 8. Protecting America's National Security. (a) The Secretary of Energy is directed restart reviews of applications for approvals of liquefied natural gas export projects as expeditiously as possible, consistent with applicable law. In assessing the "Public Interest" to be advanced by any particular application, the Secretary of Energy shall consider the economic and employment impacts to the United States and the impact to the security of allies and partners that would result from granting the application.

(b) With respect to any proposed deepwater port for the export of liquefied natural gas (project) for which a favorable record of decision (ROD) has previously been issued pursuant to the Deepwater Port Act of 1974 (DWPA), 33 U.S.C. 1501 et seq., the Administrator of the Maritime Administration (MARAD) shall, within 30 days of the date of this order and consistent with applicable law, determine whether any refinements to the project proposed subsequent to the ROD are likely to result in adverse environmental consequences that substantially differ from those associated with the originally-evaluated project so as to present a seriously different picture of the foreseeable adverse environmental consequences (seriously different consequences). In making this determination, MARAD shall qualitatively assess any difference in adverse environmental consequences between the project with and without the proposed refinements, including any potential consequences not addressed in the final Environmental Impact Statement (EIS), which shall be considered adequate under NEPA notwithstanding any revisions to NEPA that may have been enacted following the final EIS. MARAD shall submit this determination, together with a detailed justification, to the Secretary of Transportation and to the President.

(c) Pursuant to subsection (b) of this section, if MARAD determines that such refinements are not likely to result in seriously different consequences, it shall include in that determination a description of the refinements to supplement and update the ROD, if necessary and then no later than 30 additional days, he shall issue a DWPA license.

(d) If MARAD determines, with concurrence from the Secretary of Transportation, that such proposed refinements are likely to result in seriously different consequences, it shall, within 60 days after submitting such determination, issue an Environmental Assessment (EA) examining such consequences and, with respect to all other environmental consequences not changed due to project refinements, shall reaffirm the conclusions of the final EIS. Within 30 days after issuing the EA, MARAD shall issue an addendum to the ROD, if necessary, and shall, within 30 additional days, issue a DWPA license consistent with the ROD.

Sec. 9. Restoring America's Mineral Dominance. (a) The Secretary of the Interior, Secretary of Agriculture, Administrator of the EPA, Chairman of CEQ, and the heads of any other relevant agencies, as appropriate, shall identify all agency actions that impose undue burdens on the domestic mining and processing of non-fuel minerals and undertake steps to revise or rescind such actions.

(b) The Secretaries of the Interior and Agriculture shall reassess any public lands withdrawals for potential revision.

(c) The Secretary of the Interior shall instruct the Director of the U.S. Geological Survey to consider updating the Survey's list of critical minerals, including for the potential of including uranium.

(d) The Secretary of the Interior shall prioritize efforts to accelerate the ongoing, detailed geologic mapping of the United States, with a focus on locating previously unknown deposits of critical minerals.

(e) The Secretary of Energy shall ensure that critical mineral projects, including the processing of critical minerals, receive consideration for Federal support, contingent on the availability of appropriated funds.

(f) The United States Trade Representative shall assess whether exploitative practices and state-assisted mineral projects abroad are unlawful or unduly burden or restrict United States commerce.

(g) The Secretary of Commerce shall assess the national security implications of the Nation's mineral reliance and the potential for trade action.

(h) The Secretary of Homeland Security shall assess the quantity and inflow of minerals that are likely the product of forced labor into the United States and whether such inflows pose a threat to national security and, within 90 days of the date of this order, shall provide this assessment to the Director of the NEC.

(i) The Secretary of Defense shall consider the needs of the United States in supplying and maintaining the National Defense Stockpile, review the legal authorities and obligations in managing the National Defense Stockpile, and take all appropriate steps to ensure that the National Defense Stockpile will provide a robust supply of critical minerals in event of future shortfall.

(j) Within 60 days of the date of this order, the Secretary of State, Secretary of Commerce, Secretary of Labor, the United States Trade Representative, and the heads of any other relevant agencies, shall submit a report to the Assistant to the President for Economic Policy that includes policy recommendations to enhance the competitiveness of American mining and refining companies in other mineral-wealthy nations.

(k) The Secretary of State shall consider opportunities to advance the mining and processing of minerals within the United States through the Quadrilateral Security Dialogue.

Sec. 10. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

[techobaby]

Global Electric Parking Brake Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2030

Electric parking brake is a substitute of traditional handbrake. Electric parking brake eliminates the need for a parking brake lever or pedal and improves vehicle styling, space management and crashworthiness. It's a lot easier for automakers to design their interiors and to add new features and options. According to our (Global Info Research) latest study, the global Electric Parking Brake market size was valued at USD 7326.9 million in 2022 and is forecast to a readjusted size of USD 11750 million by 2030 with a CAGR of 7.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Global electric parking brake key players include ZF, Continental, Küster, Dura, Mando, etc. Global top 5 manufacturers hold a share over 80%. Europe is the largest market, with a share over 37%, followed by Asia-Pacific, have a share over 36%. This report is a detailed and comprehensive analysis for global Electric Parking Brake market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Sample Plan: https://www.reportsintellect.com/sample-request/2911314 Key Features: Global Electric Parking Brake market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2030 Global Electric Parking Brake market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2030 Global Electric Parking Brake market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2030 Global Electric Parking Brake market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2018-2025

Inquire Request: https://www.reportsintellect.com/sample-request/2911314 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for Electric Parking Brake To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global Electric Parking Brake market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ZF, Continental, Chassis Brakes International, Küster and Aisin, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market Segmentation Electric Parking Brake market is split by Type and by Application. For the period 2018-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Type Caliper Integrated EPB Cable Puller EPB Market segment by Application Sedans SUVs Others Major players covered ZF Continental Chassis Brakes International Küster Aisin Mando Hyundai Mobis Zhejiang Libang Hexin Wuhu Bethel Automotive Advics (Aisin) Huayu Automotive Systems Hitachi Astemo Market segment by region, regional analysis covers North America (United States, Canada and Mexico) Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) South America (Brazil, Argentina, Colombia, and Rest of South America) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

[rohitpalan]

Power Management System Market to Grow at 6.6% CAGR, Reaching USD 6.88 Billion by 2033

Sales of power management systems market are expected to amount to around US$ 3,618.7 million globally in 2023. Over the next ten years, the power management systems market is expected to expand at a 6.6% annual pace. The entire market worth is anticipated to reach US$ 6,880.9 million by the end of 2033.

The market for power management systems is expanding due to the accelerating pace of industrialization and the rising need for energy conservation. The deployment of smart grid technologies and the growth in the usage of renewable energy sources will also drive demand.

The growing usage of IoT and AI technologies is contributing to the growth of the power management systems industry.

Governments are implementing policies and regulations to promote the adoption of energy-efficient technologies and to reduce carbon emissions. This will continue to fuel power management system sales.Growing number of industries and commercial projects that require efficient power management systems to ensure uninterrupted power supply will elevate demand.

Power management systems are widely used in utilities, followed by data centers. The utilities segment is one of the key users of power management systems. It is likely to hold more than one fourth of the market value share.

Demand for power management systems in data centers will rise at a healthy pace owing to rise in cloud computing and increasing demand for data storage and processing.

Key Takeaways from Power Management System Market Study

The worldwide market for power management systems will reach a valuation of US$ 6,880.9 million by 2033.

Global sales of power management systems are likely to soar at a CAGR of 6.6% through 2033.

By module, power monitoring and control segment is set to hold a dominant share of around 50.2% in 2023.

Based on end use, the utilities segment will dominate the market by creating an incremental opportunity of nearly US$ 790.3 million from 2023 to 2033.

Power management system demand across India will increase at 9.0% CAGR through 2033.

The United States power management system industry is forecast to expand at 5.5% CAGR.

The ever-expanding industries such as marine, chemical, and so on, are expected to boost the power management system market over the forecast period. This is true for both, developed as well as developing countries. Research suggests that manufacturers will find significant opportunity in shifting their production priorities towards custom-built products to meet changing industrial demands.” – says a Future Market Insights (FMI) analyst.

Competitive Landscape

The power management system market is moderately consolidated with few global players acquiring around 38% to 42% of the market shares. To improve their market presence, these players are making investments in new technological advancements and expanding their distribution networks.

Few of the leading manufacturers and suppliers of power management systems include ABB Ltd., Schneider Electric, Siemens AG, Eaton Corporation PLC, Rockwell Automation, Mitsubishi Electric, General Electric, Honeywell Corporation, and Fuji Electric, among others.

A few recent developments are:

In July 2021, Mitsubishi Electric announced that it has developed a new power module that is designed to offer improved efficiency and reliability for electric and hybrid vehicles.

In June 2021, Delta Electronics announced that it has launched a new range of modular UPS systems that are designed to offer improved energy efficiency and reliability.

Know more about this market’s geographical distribution along with a detailed analysis of the top regions

Find More Valuable Insights

The research report analyzes the demand for power management systems. The global power management system market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.

As per Future Market Insights (FMI), the market has been analyzed based on type, module, end use, and region. The report provides qualitative and quantitative information on various players in this market. It also tracks the market by both supply-side and demand factors.

Global Power Management System Market by Category

By Type:

Software

Hardware

Services

By Module:

Power Monitoring and Control

Load Shedding and Management

Power Simulator

Generator Control

Energy Cost Accounting

Switching and Safety Management

Others

By End Use:

Marine

Petroleum Refinery

Data Centers

Chemical Industry

Utilities

Paper and Pulp

Others

By Region:

North America

Latin America

Western Europe

Eastern Europe

East Asia

Central Asia

Russia and Belarus

Balkan and Baltic Countries

South Asia and Pacific

Middle East and Africa

[head-post]

Xinzhi invests €120m in Hungary, creating 900 jobs

Taizhou-based Chinese automotive company Xinzhi was building a plant in Hungary with an investment of 50 billion forints (120 million euros), bne IntelliNews reported.

Xinzhi is one of China’s top 10 largest enterprises in automotive electronics and electrical appliances. With 4,000 employees, the company holds a leading market position in the production of one of the most important basic units of electric motors.

The Chinese automotive giant established strategic partnerships with Valeo, Bosch and Denso. At home, it also co-operates with BYD, Nio, Dongfeng and Geely.

The investment in Hatvan, 60 kilometres north of Budapest, would generate 900 new jobs, said Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó. Xinzhi would also hire 30 highly qualified engineers for development and research in Hungary, he added.

Earlier, Hungarian officials announced projects worth more than 4 trillion forints.

Xinzhi’s investment further strengthens Hungary’s position in the global market for switching to electric vehicles. Szijjártó stated that his country led the global automotive renewal.

Read more HERE

[marketresearch758]

Coupe Market Dynamics: Demand Drivers, Segmentation, and Growth Forecast 2025-2032

The global Coupe Market has been witnessing significant growth, driven by rising consumer preference for stylish and high-performance vehicles, the growing adoption of electric coupes, and advancements in automotive technologies. Coupes, known for their sporty design and dynamic driving experience, are gaining traction among automobile enthusiasts and urban professionals. This press release delves into the market overview, emerging trends, drivers, restraints, segmentation, regional analysis, and future outlook.

Market Overview

The coupe market has grown substantially in recent years due to increasing demand for premium and luxury vehicles. These vehicles, characterized by their sleek design and advanced features, cater to a niche yet expanding segment of consumers. Automakers are focusing on integrating cutting-edge technologies and sustainable practices to meet evolving customer expectations. According to recent reports, the market size is projected to experience a compound annual growth rate (CAGR) of over 6% during the forecast period.

Free Sample: https://www.statsandresearch.com/request-sample/38450-covid-version-global-coupe-market

Emerging Trends

Shift to Electric Coupes: With the rise of electric vehicles (EVs), manufacturers are introducing electric coupe models that combine sustainability with performance.

Customization and Personalization: Automakers are offering tailored options for coupes, including bespoke interiors, advanced infotainment systems, and performance upgrades.

Integration of Advanced Driver Assistance Systems (ADAS): The inclusion of ADAS features like adaptive cruise control, lane-keeping assist, and collision avoidance systems enhances the driving experience and safety.

Expansion of Coupe Variants: Companies are expanding their coupe offerings to include compact, mid-size, and luxury models to cater to diverse consumer preferences.

Market Drivers

Growing Demand for Premium Vehicles: Increasing disposable incomes and a preference for high-performance vehicles are key drivers of the coupe market.

Technological Advancements: Innovations in battery technology, aerodynamics, and lightweight materials contribute to the development of efficient and powerful coupes.

Rising Urbanization: Urban professionals are gravitating towards stylish and compact vehicles, boosting the demand for coupes.

Focus on Sustainability: The automotive industry’s shift towards electric and hybrid vehicles is driving the adoption of eco-friendly coupe models.

Market Restraints

High Costs: The premium pricing of coupes may limit their accessibility to a broader audience.

Limited Practicality: Coupes often have reduced rear seating and cargo space, which may deter some buyers.

Competition from SUVs: The growing popularity of SUVs and crossover vehicles poses a challenge to the coupe market.

Request Discount: https://www.statsandresearch.com/check-discount/38450-covid-version-global-coupe-market

Market Segmentation

The coupe market is segmented based on propulsion type, vehicle type, and distribution channel.

By Propulsion Type:

Internal Combustion Engine (ICE)

Electric

Hybrid

By Vehicle Type:

Sports Coupe

Luxury Coupe

Compact Coupe

By Distribution Channel:

Direct Sales

Dealerships

Online Sales

Regional Analysis

North America: North America dominates the coupe market, driven by a strong preference for high-performance vehicles and the increasing adoption of electric models. The United States remains a key market, with automakers introducing innovative and sustainable coupe models.

Europe: Europe’s rich automotive heritage and stringent emission regulations drive the demand for electric and hybrid coupes. Countries like Germany, the UK, and Italy are prominent markets for luxury and sports coupes.

Asia-Pacific: The Asia-Pacific region is experiencing rapid growth due to rising disposable incomes, urbanization, and a burgeoning middle class. China and Japan are leading markets, with a growing focus on electric and compact coupe models.

Latin America: Increasing automotive investments and a growing affinity for stylish vehicles are propelling the coupe market in Brazil and Mexico.

Middle East & Africa: The region’s demand for luxury and high-performance vehicles is driving moderate growth in the coupe market, particularly in the UAE and South Africa.

Future Outlook

The global coupe market is poised for robust growth, driven by technological advancements, evolving consumer preferences, and the shift towards sustainable mobility solutions. Automakers are expected to focus on innovation, including the integration of autonomous driving features and enhanced connectivity options, to meet the demands of a tech-savvy customer base. Additionally, collaborations between automotive companies and technology firms will play a crucial role in shaping the future of the coupe market.

Sustainability will remain a focal point, with a surge in the development of electric and hybrid coupe models. As governments worldwide implement stricter emission standards, manufacturers will prioritize green technologies and lightweight materials to ensure compliance and maintain competitiveness.

Full Report: https://www.statsandresearch.com/report/38450-covid-version-global-coupe-market/

[rjzimmerman]

Excerpt from this story from EcoWatch:

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

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

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

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

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

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

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

[lovelypol]

IT Connector Market: Powering Up to $148.9 Billion by 2033 💻🌐

IT connector market plays a pivotal role in the design, production, and distribution of connectors that facilitate the transmission of data and power between various IT components. From basic cables and ports to advanced fiber optics and wireless connectors, these components are integral in telecommunications, data centers, consumer electronics, and more. The market is driven by the increasing demand for high-speed connectivity and robust IT infrastructure solutions, particularly in the wake of digital transformation across industries.

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

In 2023, the IT connector market saw a volume of 1.2 billion units, with the data center segment leading at 45% market share. This dominance is driven by the rapid growth of cloud computing and data storage. The telecommunications segment, fueled by the expansion of 5G and IoT devices, holds 30%, while the automotive sector represents 25% due to the rise of electric vehicles (EVs) and advanced driver-assistance systems (ADAS).

Regionally, North America remains the largest market, supported by a strong technological ecosystem and significant investments in innovation, especially in the United States. Europe follows closely, with Germany leading in automotive and industrial applications, and the push for smart manufacturing further driving demand. Asia-Pacific, particularly China, is also seeing substantial growth due to the increased adoption of IoT and smart devices.

The market is projected to grow at a compound annual growth rate (CAGR) of 8% from 2024 to 2033, spurred by miniaturization and high-speed data transmission innovations. However, challenges related to evolving international standards and sustainability practices remain. Key players like TE Connectivity, Amphenol, and Molex continue to shape the market through innovation and strategic partnerships.

#ITConnectors #HighSpeedConnectivity #DigitalTransformation #IoTDevices #5GInfrastructure #ElectricVehicles #DataCenters #CloudComputing #SmartManufacturing #TechInnovation #AutomotiveTech #Telecommunications #FiberOpticConnectors #Miniaturization #FutureTech