#motor vehicle act 2020

[justinspoliticalcorner]

Arthur Delaney and Jonathan Nicholson at HuffPost:

WASHINGTON ― House Speaker Mike Johnson (R-La.) has attached a bill aimed at keeping non-citizens from voting in federal elections to a must-pass government funding bill set for a vote this week. It’s already illegal for non-citizens to vote in federal elections, but Republicans want to amplify former president Donald Trump’s lies that Democrats are using illegal voters to steal the 2024 election from him. Johnson has been stoking voter fraud fears for months, insinuating in press conferences and news articles, without evidence, that millions of undocumented immigrants will steal the election from Trump.

“The threat is very real,” Johnson wrote last month in an opinion piece for Fox News, noting that noncitizens can walk into their local department of motor vehicles and fill out a registration form. “That noncitizen can then cast a ballot and help decide the direction of America.” Available evidence suggests noncitizens generally don’t cast ballots, partly because voter registration forms warn it’s a crime to do so. When Trump created a commission to investigate his own claims that as many as 5 million illegal ballots were cast in the 2016 election, investigators failed to find the fraud and the commission disbanded. Trump didn’t have any luck substantiating fraud claims from 2020 either, though he said on his website over the weekend that when he wins in November, “those people that CHEATED will be prosecuted to the fullest extent of the Law.”

[...] Trump, for his part, said Republicans should “shut down the government in a heartbeat” if the funding measure doesn’t include the Safeguard American Voter Eligibility Act, the Republican election bill. Trump’s lies about the outcome of the 2020 election, which he lost but claimed was subject to widespread fraud, motivated the Jan. 6, 2021, attack on the Capitol by his supporters. While the prospect of a deadlock over the citizen voter issue could delay the bill to keep the government open after Sept. 30, in reality it is unlikely to block it. During his term, Trump urged Republicans on Capitol Hill to shut the government down several times only to cave before it actually came to that. Both parties would see a shutdown so close to the November presidential election as such an unpredictable political wild card it should be avoided.

House Republicans attach the SAVE Act into a must-pass bill for government spending to prevent a shutdown.

The SAVE Act is performative right-wing nonsense about the faux crisis of “noncitizens voting”, as noncitizens are already barred from voting in federal elections.

See Also:

Daily Kos: House Republicans are back—and holding the government hostage

[thoughtportal]

Can this really be constitutional? Seattle is about to make it illegal for some people accused of low-level prostitution and drug offenses to visit certain popular areas of the city. It’s calling these places “stay out” zones, and violating an order to stay out could lead to almost a year in jail and a $5,000 fine.

Under policies passed by the council last week, people could be subject to stay-out orders for up to two years, cutting off their access to any businesses, family, friends, employers, entertainment, or educational opportunities in those areas. And the orders don’t necessarily even require a conviction; a judge could issue one to someone merely charged with a crime as a condition of being released from jail before the trial.

The city is also bringing back penalties for loitering for prostitution, having done away with an earlier version of this restriction in 2020. Loitering for prostitution laws allow police to arrest people merely for being a suspected sex worker or or engaging with one; they don’t require cops to prove any sex for pay or offers of sex for pay took place. They’ve been widely criticized for encouraging police harassment, particularly of groups—such as transgender people—who cops may be more likely to see as sex workers. The new loitering law is much like the old one, except it targets prostitution customers and promoters rather than sex workers per se.

SOAP & SODA

SOAP and SODA sounds like a weird but possibly fun party theme. They’re not. These are the monikers given to the six “stay out” zones the Seattle City Council approved last Tuesday. SOAP stands for “Stay Out of Area of Prostitution” and SODA is “Stay Out of Drug Area.”

These are not small or isolated parts of town. The SOAP zone encompasses a huge chunk of Seattle’s Aurora Avenue North and surrounding blocks, from North 85th Street all the way up to North 145th Street. And six SODA zones are located throughout the city, including areas around downtown Seattle, Chinatown, the University District, and Capitol Hill. “The SODA and SOAP zones include a number of sites where nonprofits provide services,” notes The Seattle Times.

Mayor Bruce Harrell has not yet signed the new bills into law, but a spokesperson for his office told the Times that Harrell is “supportive of additional tools to help keep neighborhoods safe.”

The SOAP bill, sponsored by Council Member Cathy Moore, would also create a new prostitution loitering offense, targeting prostitution customers. Someone is guilty of this misdemeanor “if he or she remains in a public place and intentionally solicits, induces, entices, or procures another to commit prostitution,” the bill says.

Police may decide that someone is guilty of prostitution loitering if a person “repeatedly…engages passersby in conversation,” makes a “bodily gesture” that is “indicative of soliciting for prostitution,” stops a car to talk to someone thought to be a sex worker, or “circles an area in a motor vehicle and repeatedly beckons to, contacts, or attempts to stop pedestrians,” among other things. (Woe to the lost driver trying to get directions, or to someone stopping to talk with a friend who the police think is dressed too skimpily!) People will be considered especially suspicious if they are “in a known prostitution area or designated Stay Out of Area.”

The bill also creates the gross misdemeanor crime of “promoting loitering for the purpose of prostitution,” aimed at people “acting in a manner and under circumstances that demonstrate the purpose of directing, supervising, recruiting, arranging for, enticing, or inducing another person to engage in loitering for the purpose of prostitution.”

Lastly, the bill creates the prostitution “stay out” zone and stipulates that a judge may bar “anyone charged with, or convicted of” either prostitution loitering offense to stay out of this area, “either as a condition of pretrial release…or as a condition of sentence.” A judge can also issue a SOAP order to anyone charged with or convicted of a crime that occurred in a SOAP zone if the court decides there is “a nexus between the offense and prostitution-related crimes.”

Violating a SOAP order can net someone an additional gross misdemeanor charge and net them up to 364 days in prison and/or a $5,000 fine.

Unlike the old prostitution loitering law, this theoretically doesn’t target people selling sex. But it’s easy to imagine how sex workers still wind up charged under these laws for working together or talking to one another, which police could easily classify as “promoting” one another’s prostitution. The fear that this law will target sellers is backed up by an amendment requiring the city’s Office of the Inspector General to report arrest numbers “with arrests for prostitution loitering as a buyer disaggregated from arrests for prostitution loitering as a seller.”

Interestingly, the findings section of the bill states that it’s needed because “the federal government’s closure of Backpage in April 2018 resulted in increased prostitution activity in public spaces”—an acknowledgment that shutting down avenues for online advertising of sex work doesn’t actually stop it from happening. And yet, somehow, the council thinks that the same principle doesn’t apply to driving it off of certain streets?

The SODA bill would create “Stay Out of Drug Area” zones similar to the “Stay Out of Area of Prostitution” zone. A judge could issue a SODA order to “anyone charged with, or convicted of, any criminal violation of the Controlled Substances Act” that occurs in a SODA zone, or to anyone “charged with, or convicted of, assault, harassment, theft, criminal trespass, property destruction, or unlawful use or possession of weapons occurring in a designated SODA zone in which the court finds a nexus between the offense and illegal drug activity.”

‘Performative Regulations’ 

What may be most amazing about these laws is that they manage to be such an egregious violation of civil liberties for so little payoff. What do city leaders expect to happen—that people will suddenly stop selling or buying drugs and sex if they can’t do it on certain streets?

It seems fairly obvious that some drug and prostitution activity will just migrate to other areas, some folks subject to the stay-out orders will simply ignore them (these are, by definition, people already OK with breaking some laws), and some banned individuals will find workarounds (like sending associates into banned areas for any business that needs to be done there). What most certainly won’t happen—as evidenced by decades and decades of failed prohibition policies—is any substantial decrease in drug use, drug sales, or prostitution.

At least one city council member gets this. Tammy Morales voted against both bills, calling them “performative regulations” and “Band-Aids” that would not be “truly meaningful solutions to the problems we seek to address,” according to the Times.

But Morales was the sole dissenting vote against both bills.

The SOAP and SODA bills have ample detractors in social services organizations, civil liberties groups, and public defenders.

“Since the bills emerged this summer, opponents have accused the council majority of trying to banish poor people from core Seattle neighborhoods rather than address root causes of addiction, gun violence and sexual exploitation through more investments in social services,” reports the Times. “They’ve said the exclusion bills will empower police to arrest people for merely existing in public spaces—especially people of color, who are disproportionately arrested for relevant crimes, according to council staff.”

“Proposals like SOAP and SODA do not work and cruelly target our most vulnerable populations, including those struggling with poverty and substance use disorder,” said Jazmyn Clark of the American Civil Liberties Union (ACLU) in a press release. “Exclusion zones like SOAP and SODA have been tried before and have consistently failed to achieve their intended goals,” Clark added.

The SOAP and SODA laws “raise serious constitutional concerns,” the ACLU of Washington told city council members in an August 7 letter. “SODA and SOAP orders are likely unconstitutional as conditions of pretrial release for people who have never been convicted of offenses related to drug possession or sex work. SOAP and SODA orders raise identical concerns of violating the constitutional right to travel and associate.” {read}

[beardedmrbean]

If you plan on flying around the country in 2025 and beyond, you might want to listen up.

You have about 365 days to make your state-issued driver’s license or identification “Real ID” compliant, per the Department of Homeland Security.  

The Real ID compliance is part of a larger act passed by Congress in 2005 to set “minimum security standards” for the distribution of identification materials, including driver’s licenses. This means that certain federal agencies, like the Transportation Security Administration or DHS, won’t be able to accept state-issued forms of identification without the Real ID seal.

It's taken a while for the compliance to stick, with DHS originally giving a 2020 deadline before pushing it back a year, then another two years and another two years after that due to “backlogged transactions” at MVD offices nationwide, according to previous USA TODAY reports.

You won’t be able to board federally regulated commercial aircraft, enter nuclear power plants, or access certain facilities if your identification documents aren’t Real ID compliant by May 7, 2025. 

Here’s what we know about Real IDs, including where to get one and why you should think about getting one.

Do I have to get a Real ID?

Not necessarily. 

If you have another form of identification that TSA accepts, there probably isn’t an immediate reason to obtain one, at least for travel purposes. But if you don’t have another form of identification and would like to travel around the country in the near future, you should try to obtain one. 

Here are all the other TSA-approved forms of identification:

◾ State-issued Enhanced Driver’s License

◾ U.S. passport

◾ U.S. passport card

◾ DHS trusted traveler cards (Global Entry, NEXUS, SENTRI, FAST)

◾ U.S. Department of Defense ID, including IDs issued to dependents

◾ Permanent resident card

◾ Border crossing card

◾ An acceptable photo ID issued by a federally recognized, Tribal Nation/Indian Tribe

◾ HSPD-12 PIV card

◾ Foreign government-issued passport

◾ Canadian provincial driver's license or Indian and Northern Affairs Canada card

◾ Transportation worker identification credential

◾ U.S. Citizenship and Immigration Services Employment Authorization Card (I-766)

◾ U.S. Merchant Mariner Credential

◾ Veteran Health Identification Card (VHIC)

However, federal agencies “may only accept” state-issued driver’s licenses or identification cards that are Real ID compliant if you are trying to gain access to a federal facility. That includes TSA security checkpoints.

Enhanced driver’s licenses, only issued by Washington, Michigan, Minnesota, New York, and Vermont, are considered acceptable alternatives to REAL ID-compliant cards, according to DHS. 

What can I use my Real ID for?

For most people, it's all about boarding flights.

You can only use your Real ID card to obtain access to "nuclear power plants, access certain facilities, or board federally regulated commercial aircrafts," according to DHS.

The cards can't be used to travel across any border, whether that's Canada, Mexico, or any other international destination, according to DHS.

All you have to do to get a Real ID is to make time to head over to your local department of motor vehicles.

Every state is different, so the documents needed to verify your identity will vary. DHS says that at minimum, you will be asked to produce your full legal name, date of birth, social security number, two proofs of address of principal residence and lawful status.

The only difference between the state-issued forms of identification you have now and the Real ID-compliant card you hope to obtain is a unique marking stamped in the right-hand corner. The mark stamped on your Real ID compliant cards depends on the state.

[offender42085]

Post 1128

Ah.... the innocence of youth....

William David McDougal, Florida inmate V71523, born 2003, incarceration intake March 2023 at age 19, scheduled for release September 2024

Burglary Unoccupied Structure, Grand Theft, Grand Theft Motor Vehicle, Minor in Possession of a Firearm

In October 2020, the Hillsborough County Sheriff’s Office arrested a 16-year-old in connection with a stolen ATV and UTV, which were later used to drive over rows of soon-to-be strawberries at a local farm.

Deputies responded to an undisclosed residence on Bethlehem Road in Dover in reference to a stolen ATV. They discovered tire tracks at a nearby strawberry field, leading out to the road. The suspect fled south on Bethlehem Road.  A UTV was also reported stolen that same day from a home on Sydney Washer Road in Dover. The suspect later took both the stolen ATV and UTV to vandalize Astin Farms, located at 3610 Holloway Road in Plant City. They drove through rows of what would be strawberries in the coming months, causing approximately $3,000 worth of damage.

Deputies were able to locate the stolen ATV at another residence on Calhoun Road in Plant City. William McDougal, 16, was inside the home and confessed to stealing the vehicles. He also admitted to driving into Astin Farms. Deputies are working leads to identify and locate at least two other suspects at this time.

“Through investigative measures and help from technology, our deputies were able to make a quick arrest on this suspect,” said Sheriff Chad Chronister. “This individual not only stole from innocent victims, but he also put the livelihoods of farmers in jeopardy for his selfish actions. October is a critical month for strawberry farmers who are just putting seeds in the ground for harvest later this year and into next year.” 

This is not McDougal’s first run-in with law enforcement. On June 26, 2020, William McDougal, 16, forced entry into Collier’s Mower Repair, located at 1416 Florida Avenue in Seffner. There, he removed cash from the register and the DVR used for surveillance video, which together, was an estimated value of $390.00.   About a month later, on July 27, at approximately 2:00 a.m. McDougal and an unidentified suspect unlawfully entered the victim’s detached barn door in Dover. They removed three dirt bikes and two chain saws, valued at approximately $4,500.00. The victim caught the duo in the act, and McDougal and his accomplice fled from the scene.    Later that morning, McDougal forced entry into Parkesdale Farms, located at 3914 Tanner Road in Dover. He, along with an unidentified suspect, covered their faces in an effort to conceal their identities with jackets from inside the venue, broke a surveillance camera and stole a John Deere Gator HPX ATV. The vehicle is valued at approximately $4,000.00. Surveillance video of the incident can be viewed here.    Then, during the early morning hours of July 29, McDougal entered a closed barn in Dover. He took three dirt bikes, lawn equipment, tools and a mountain bike. The total value of the items stolen was an estimated $7,850.00.   During the overnight hours of July 29-30, McDougal and an unidentified suspect took a Yamaha YZF R3, valued at $10,000.00 from the victim’s driveway in Seffner. In an effort to start it, the duo damaged the ignition.   McDougal’s last stop on his burglary spree was on July 30, where he dismantled the Seffner property’s surrounding privacy fence and gain access to the victim’s Polaris ATV. Using a screwdriver, McDougal was able to start the ignition and take the estimated $12,000.00 vehicle. He damaged the ignition on that ATV and another, but was unable to start the latter. 

After a number of legal proceedings and other actions, McDougal was formally convicted and sentenced on February 8, 2023, more than 2 years had passed from the initial crimes. 

In Florida, an ATV or MTV is considered for purposes of law to be a "motor vehicle" -- no different than a Ferrari.

4j

[spectra-gt-23]

ARTIFICE ACT OF NIKOLA

Nikola Corporation, a once-promising player in the Electric Vehicle (EV) industry, faced a significant downfall after being exposed for fraud and misrepresentations. Founded in 2014 by Trevor Milton, Nikola aimed to be a global leader in zero-emission transportation, particularly with hydrogen-powered trucks. The company secured partnerships with reputable automotive players and garnered substantial investments, reaching a valuation of $34 billion at its peak.

However, in September 2020, a report by Hindenburg Research accused Nikola of significant misrepresentations and fraudulent claims about its technology and business. The report alleged that Nikola's proprietary technology was acquired from other companies, and it raised questions about Milton's past ventures, which were also marred by lawsuits and exaggerated misrepresentations. The revelations led to a rapid decline in Nikola's stock price and the withdrawal of partnerships, including General Motors.

The fraud allegations prompted investigations by the U.S. Securities and Exchange Commission (SEC) and the Department of Justice. Milton was charged with securities and wire fraud, accused of misleading investors about Nikola's products and technology to boost the company's stock value. He pleaded not guilty to the charges. Nikola attempted to distance itself from Milton, stating that he had not been involved in the company since his resignation in September 2020.

The case study raises several discussion points, including the use of Special Purpose Acquisition Companies (SPACs) as a means of raising capital, the impact of remuneration policies on executive behavior, the composition and independence of Nikola's board of directors, the role of short-sellers in exposing fraudulent practices, and the differences in legal and regulatory environments between the U.S. and Singapore.

The document also highlights red flags in Nikola's statements and actions that could have been detected earlier through proper due diligence by investors. It questions the viability of the SPAC route to going public, considering the potential for fraudulent activities. The case study emphasizes the need for robust corporate governance, independent boards, and transparent disclosure practices to prevent such misrepresentations and fraud in the future.

Furthermore, the document mentions the controversies surrounding Milton's previous ventures and his retention of a significant shareholding in Nikola, which potentially grants him control over the company. It discusses the severance terms negotiated by Milton, allowing him to retain substantial benefits even after his departure from the company.

Overall, the Nikola case serves as a cautionary tale about the risks of fraudulent practices, the importance of thorough due diligence by investors, and the need for effective corporate governance to protect shareholders' interests and maintain trust in the market. The future of Nikola remains uncertain as it faces legal challenges, loss of partnerships, and a lack of capital and resources Nikola Corporation, a once-promising player in the Electric Vehicle (EV) industry, faced a significant downfall after being exposed for fraud and misrepresentations. Founded in 2014 by Trevor Milton, Nikola aimed to be a global leader in zero-emission transportation, particularly with hydrogen-powered trucks. The company secured partnerships with reputable automotive players and garnered substantial investments, reaching a valuation of $34 billion at its peak.

TASK AT HAND

You are Nikola's New Chief Executive Officer and have been tasked with the company's Re-launch. Create strategies for the company to ensure its survival in the EV market and gain the highest market share.

DELIEVERABLES

• Executive Summary

• Reasons behind the financial failure of the company from the point of view of mistakes in strategic decision making.

• Given the events of Nikola, design a business model for a new EV company ensuring transparency, sustainability, and innovation.

• Present your venture to potential investors highlighting the lessons learned from Nikola’s case. Assuming Nikola wants to rebuild its brand, devise a 5-year strategic plan that can help the company regain trust and establish a solid market position.

• Given the EV industry's dynamics, conduct a SWOT analysis for Nikola post-crisis, identifying potential markets and segments they could target.

• Evaluate the financial risks involved in investing in start-ups, especially in the high-tech domain, and devise a plan to mitigate such risks.

• Public Relations Strategy to revive the trust and goodwill of the stakeholders.

REQUIREMENTS

A) Report of maximum 50 pages.

B) PPT of minimum 12 slides.

C) Poster for the Launch

Brownie points for extra deliverables (promotional video, logo, tagline, etc.)

Deadline : 4:30 am (19th October )

For any further queries please contact :

Manan : 7490921044

Sneha: 6375388745

Mail (to Submit the assignment): spectra23.gt@gmail.com

[seemabhatnagar]

"Lucknow High Court Upholds Insurable Interest Despite Pending Vehicle Transfer"

The right to claim insurance is not negated till the ownership is formally transferred.

The High Court upheld the Permanent Lok Adalat’s decision and held that the Respondent-Govind Gupta retained an insurable interest in the truck, despite the pending transfer to Sanjeev Kumar.

Background

Govind Gupta, the owner of a truck insured by New India Assurance Company for ₹13,00,000, filed a claim after the truck was involved in an accident on November 1, 2020. He submitted repair bills amounting to ₹4,85,768. The insurance company rejected the claim, citing the truck’s transfer to Sanjeev Kumar, who was paying the loan installments but had not formally transferred the vehicle.

The New India Assurance Company Limited, Lakhimpur Kheri v. Permanent Lok Adalat, Lakhimpur Kheri And Another

WP 3907/2024

Before the Allahabad High Court

Heard by Hon'ble Mr. Justice Subhash Vidyarthi J

Legal Issue

Whether the Respondent - Govind Gupta, having transferred possession of the truck to Sanjeev Kumar through an agreement but without formally completing the ownership transfer, retained an "insurable interest" in the truck, making him eligible to claim insurance?

Argument of parties

Petitioner's Argument (Insurance Company)

Since the petitioner had transferred possession of the truck to Sanjeev Kumar, he no longer had an insurable interest, making him ineligible to claim compensation.

Respondent's Argument (Govind Gupta)

The formal transfer of the truck had not yet occurred, as the loan, had not been fully repaid, and he remained the registered owner.

Court's Observation

Under Section 157 of the Motor Vehicles Act, 1988, the transfer of ownership and the insurance policy are deemed to transfer together, provided the ownership is legally transferred.

In this case, the truck had not been formally transferred, as the loan repayment was still ongoing.

Seema Bhatnagar

[trendingrepots]

Chromium Market - Forecast (2024 - 2030)

The Chromium Market size is forecast to reach US$ 15.7 billion by 2027, after growing at a CAGR of 2.6% during the forecast period 2022-2027. Chromium can be used in a wide range of applications which include metal ceramics, chrome plating, refractory materials, dyes and paints, synthetic rubies, along with alloys such as ferrochromium, stainless steel, and other applications. Ferrochromium alloy is produced from chromite through silicothermic or aluminothermic reactions with chromium metal. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. Chromium is commonly used for electroplating and conversion coatings in the exterior and interior of automobile parts such as steering wheel trims, gear shifts, license plate frames, bumpers, headlights, and other similar parts. Likewise, the anticorrosive properties of chromium make it ideal for electroplating electrical and electronic equipment. Thus, an increase in demand from the electronic industry along with an increase in automobile production acts as the major driver for the market. On the other hand, health hazards associated with the use of chromium may act as a constraint for the market.

 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 

COVID-19 Impact

There is no doubt that the COVID-19 lockdown has significantly reduced manufacturing, and production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor, and the decline of the supply and demand chain all over the world, thus, affecting the market. Studies show that the outbreak of COVID-19 sharply declined the production of raw materials in 2020 due to a lack of operations across multiple countries around the world. However, a slow recovery in the metallurgy industry has been witnessed across many countries around the world since 2021. Chromium is primarily used in the metallurgy industry during the production of metals in order to provide corrosion resistance and a glossy finish to the metals. For instance, according to the World Steel Association, the annual production volume of steel in Spain reached 14 million metric tons in 2021, an increase of 27.7% in comparison to 2020. Furthermore, in September 2021, Emirates Steel, based in Abu Dhabi, announced its plans for the development of a new steel manufacturing plant in the country. Once completed, the new plant is expected to increase the company’s total steel production capacity to over 5 million tons per year. In this way, a steady increase in the production of steel is expected to increase the demand for chromium as it is crucial for the production of stainless steel, owing to its hardening and corrosion resistance properties. This indicates a steady recovery of the market in the upcoming years.

Report Coverage

The report: “Chromium Market Report– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Chromium Industry.

By Type: Trivalent Chromium, Hexavalent Chromium.

By Application: Metal Ceramics, Chrome Plating, Refractory Materials, Dyes and Paints, Synthetic Rubies, Alloys (Ferrochromium, Stainless Steel, Others), and Others.

By End-Use Industry: Metallurgy, Hydraulics & Heavy Machinery, Aerospace & Aviation, Automotive, Construction, Electronics, Others.

By Geography: North America (USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East, and Africa).

Key Takeaways

Trivalent Chromium held a significant share in the Chromium market in 2021. Its wide range of characteristics, corrosion resistance, and heat resistance properties made it stand out in comparison to other types of chromium in the market.

Metallurgy industry held the largest share in the Chromium market in 2021, owing to the increasing demand for chromium for the production of metals such as steel, aluminum, and more. According to the World Steel Association, the annual production volume of steel in Belgium reached 7 million tons in 2021, an increase of 13.6% in comparison to 2020. The total steel production in Belgium reached 6.1 million tons in 2020.

Asia-Pacific dominated the Chromium Market in 2021, owing to the increasing demand for chromium from the metallurgy sector of the region. For instance, according to the World Steel Association, Japan is considered to be the third-largest country in steel production with 96.3 million tons of steel produced in 2021.

[researchrealmblog]

Rising Customer Demand for Efficient and Safer Vehicles to Drive Surge in German Autonomous Vehicles Market in Coming Years

The German fully autonomous vehicles market is predicted to exhibit a CAGR of 20.2% between 2020 and 2030 and attain a valuation of $28.0 billion by 2030, as per the estimates of P&S Intelligence, a market research firm. The German autonomous vehicles market is being driven by the increasing implementation of various government initiatives that encourage the deployment of autonomous vehicles in the country and the rising requirement for a more efficient and safer driving option all over the country.

The German government was the first one in the entire world to authorize fully and semi-autonomous driving systems. The government announced its plans to build autonomous driving facilities and infrastructure in the country in December 2016. This was followed by an amendment to the Road Traffic Act in June 2017, which allowed drivers to give away driving controls to autonomous vehicles. As a result, there are many semi-autonomous automobiles (level 1—3) running on German roads today.

In these vehicles, the steering and acceleration/deceleration can be controlled and operated by the vehicle itself but the driver is required to be on board so that in emergency situations, he/she can take over the driving controls. Furthermore, major original equipment manufacturers (OEMs) and technology developers are focusing on developing level 4 and level 5 autonomous vehicles. Moreover, they have got approval from the regulatory bodies for testing driverless automobiles on public roads.

Some cities in Germany have allowed these OEMs to operate pilot fleets in isolated areas for testing the autonomous technology. Regular road traffic will be recreated in these isolated areas for testing the real-time reliability and performance of these vehicles. For example, Charité – Universitätsmedizin Berlin and Berliner Verkehrsbetriebe (BVG) in collaboration with Navya SAS and EasyMile SAS began a pilot projectin March 2018 for testing autonomous shuttle. This shuttle would be tested on Charité’s campus in Berlin.

When vehicle autonomy is taken into consideration, the German autonomous vehicles market is divided into fully autonomous and semi-autonomous vehicles. Of these, the semi-autonomous vehicles had 100% share in the market in the years gone by. However, this will change in the future and the fully autonomous vehicles category will register the highest CAGR in the market between 2023 and 2030, owing to the development of fully autonomous vehicles, which are predicted to hit the market in 2023.

The German autonomous vehicles market is also divided, depending on application, into ride hailing, motor coaches, personal cars, transit buses, and logistics. Out of these, the motor coaches category is predicted to exhibit the highest CAGR in the market in the coming years. This would be because of the rising popularity of shared autonomous vehicles all over the country, on account of the growing consumer preference for these services over the personal ownership of vehicles.

Hence, it can be concluded that the market would demonstrate rapid expansion in the future years, primarily because of the rising implementation of initiatives by the government that support the deployment of autonomous vehicles and the growing consumer demand for safer and more efficient vehicles in the country.

Source: P&S Intelligence

[tamilan-employment]

TNMVMD Recruitment 2024

TNMVMD- Notification for engagement of Apprentices for the year 2024-25  TamilNadu Motor Vehicle Maintenance Department, Chennai (STNCHS000028) invites Online Application from eligible Graduate / Diploma holders in Engineering (Passed during 2020, 2021, 2022 & 2023), hailing from TamilNadu, for undergoing one-year Apprenticeship training under the Apprenticeship (Amendment) Act 1973. (TNMVMD…

[trendingreportz]

Wired Charging Market - Forecast(2024 - 2030)

Wired Charging Market Overview

Wired Charging market is analysed to grow at a CAGR of 3.7% during the forecast 2021-2026 to reach $20.8 billion. Wired Charging involves connecting devices using cables to charge or power up a device. Wired charging technology has evolved over the year as it has got smarter and has faster charging capabilities. The advancements in wired charging industry such as fast charging and USB type charging have also aided the growth of the market. Recently, the market for wired chargers has been increasing due to the rise of electric vehicles and Plug in Hybrid vehicles over IC Engine vehicles that use wired charging technology through charging points for single phase electric motors. Wired charging technology also records faster charging speeds than wireless charging. Further, growing popularity of consumer electronics products and growing demand for the installation of charging stations is also expected to create positive outlook for the growth of the market. 

Wired Charging Market Report Coverage

The report: “Wired Charging Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Sound Level Meters industry.

By Component: Charging adapter and charging cable By Sales Channel/ Market: Direct /OEM and Indirect/Aftermarket By Charging Type: Fast Charging and standard charging By Charging cable: USB Type C, Micro USB, Lightning and others By Charging Adapter: Wall charger, Car charger, power bank/power hub By Application: PHEV, BEV and in vehicle Charging By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), and RoW (Middle East and Africa)

Request Sample

Key Takeaways

Rising sales of electric vehicles is analysed to significantly drive the market during the forecast period 2021-2026.

Among the components, charging adaptor are analysed to hold significant share in 2020, attributed to the prolonged evolution and expansion of the electronics industry. Moreover, increasing demand for electrical vehicles (EVs) and connected devices acts as another major force stimulating the growth of the charger adapter market.

APAC is analysed to grow at highest CAGR during the forecast period owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. The rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China will drive adoption of wired charging.

Wired Charging Market Segment Analysis – By Charging Cable

By charging cable, the wired charging market is segmented into USB Type C, Micro USB, Lightning and others. USB Type C are analysed to hold highest share at 48.9% as it is considered a ubiquitous advancement in the computing and consumer electronics industry. It began its appearance in consumer product during 2014 and has revolutionized the wired charging market through 2020. Also, tech giants are introducing new consumer electronics with USB Type C as it is reversible, allows for faster charging speeds, and supports fast media transferring functionalities. USB Type C connectors have also replaced headphone jacks from newer phones and devices. All such trends would broaden up the growth prospects for USB Type C cable during the forecast period.

Inquiry Before Buying

Wired Charging Market Segment Analysis – By Application

By application type, the wired charging industry is segmented into Consumer electronics, Automotive, Personal Care and others. Consumer electronics is the largest segment in the wired charging market which accounts for major share. The growth of the segment is attributed owing to increased adoption as the use of wired chargers in consumer electronics has been a traditional use and most of the people prefer wired chargers over wireless chargers as it helps in fast charging and is portable when compared to wireless chargers. Further, the increasing number of smartphone users around the globe and introduction of fast charging and USB type C chargers by the players present in the market is resulting in higher adoption of wired chargers, thereby promoting in the growth of the wired charging market.

Wired Charging Market Segment Analysis – By Geography

Asia-Pacific is analysed to be the major region with a share of 57.6% in 2020 for the wired charging owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. However, the increasing usage of wireless charging technology has poised the market growth during the forecast period. However, APAC is analysed to grow at highest rate during the forecast period 2020-2026 majorly attributed to the rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China which would further upsurge the growth of the region. In addition, increasing investments in development & adoption of advanced consumer electronic devices and high adoption of wired chargers for these devices set to drive the region growth.

Schedule a Call

Wired Charging Market Drivers

Rising sales of electric vehicles (EVs):

The rising popularity for electric vehicles for reducing the level of pollution in the environment is driving the growing need for wired charging station for charging these electric vehicles, thereby driving the market growth. According to International Energy Agency (IEA), the number of battery electric vehicles have been increased from 1.19 million units to 3.29 million units during 2016-2018 period at global level. As the industry strive to find new advancements such as the deployment of hybrid and plug-in electric vehicles to cater industry as well as environmental needs, which has led towards the increased adoption of wired charging & related technologies. Moreover, increasing demand for autonomous vehicles set to create opportunities for the wired charging thereby powering the market growth.

Growing demand for the Installation of Charging Stations:

The growing requirement for the installation of charging station for residential and commercial purposes is emerging significantly for EV charging applications. With the rising adoption of electric vehicles, the need for efficient fast charging stations is observed which will significantly drive the need for advanced usage of cabling system to promote wired charging technology. Also, private players are also making several efforts which would positively influence the growth of the market. For Instance: Enel X, an advanced energy services subsidiary of Italian group Enel SpA, has announced the close of its project called AMBRA-Electrify Europe (AMBRA-E) in February 2020. This project will lead to the installation of more than 3,000 charging stations for electric vehicles (EVs) across Spain, Romania and Italy. Additionally, an investment of $76.8m will take place for quick, fast and ultra-fast charging points. These trends would revolutionise the wired charging industry outlook.

Wired Charging Market Challenges

Introduction of wireless charging systems along with Internet of Things (IoT) Devices:

As technology is getting more disruptive, there is a growing need for more reliable technology such as Wireless charging technology. This technology is more portable than traditional wired charging technology which is hindering the growth of wired charging market. Also, the adoption of wireless charging improves the performance of the device by making them completely waterproof and dustproof, and easier to maiWired Charging Marketntain which makes this technology better then wired charging. All such factors are restraining the growth of the Global wired charging market.

Buy Now

Wired Charging Market Landscape

Product launches, Acquisition, Partnership, Expansion, and R&D investment activities are key strategies adopted by players in the Wired Charging Market. The key players in the market include ChargePoint, Inc, ABB Ltd, Webasto Group, Dell Inc, Apple Inc, Samsung Electronics Co., Ltd, Anker Innovations Ltd, RAVPOWER, Huawei and Aukey

Expansions/Product Launches/ Investments

In June 2020, Webasto Group opened a new roof plant and battery center in Jiaxing (China). It will also manufacture charging stations and electric heaters along with the roofs for automotive industry.

In December 2019, ChargePoint launched ChargePoint Home Flex,a charging station for residential use. The device delivers 50amps with 9 times faster charging than standard outlet.

[marketwire]

Hydrogen Fuel Cell Vehicle Market - Forecast(2024 - 2030)

 Hydrogen Fuel Cell Vehicle Market Size was valued at USD 0.72 billion in 2021. The Hydrogen Fuel Cell Vehicle market industry is projected to grow from USD 1.2 Billion in 2022 to USD 46.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 68.52% during the forecast period (2024–2030). Hydrogen fuel cell vehicles are specially designed vehicles that are powered through hydrogen acting as a fuel and are used to supply power to the electric motors installed within them, thus ensuring emission free vehicle transmission. Vehicle powered with hydrogen fuel cells includes a reverse electrolysis process wherein hydrogen reacts with oxygen, thus producing electricity to power electric motors along with heat and water. The heat & water generated during this process exits through the exhaust as water vapor, thereby leading to zero or no emission.

Key Developments in Hydrogen Fuel Cell Vehicle Industry

In September 2023, Toyota Motor Corporation launched a prototype hydrogen fuel cell electric Hilux. This technology helps to accelerate the development of hydrogen fuel cell solutions to deliver carbon neutrality across the region. It uses core elements from the Toyota Mirai hydrogen fuel cell electric sedan – technology that has proved its quality in almost 10 years of commercial production.

In July 2023, Ballard Power Systems, Inc. signed an agreement with Ford Trucks to supply a fuel cell system as part of the development of a hydrogen fuel cell-powered vehicle prototype. This strategy includes an initial purchase order for 2 FCmoveTM.-XD 120 kW fuel cell engines that are planned to be delivered by Ballard to Ford Trucks in 2023. Furthermore, Ford Trucks plans to develop a Fuel Cell Electric Vehicle (FCEV) F-MAX as part of the project.

In July 2023, Ballard Power Systems, Inc. received orders for a total of 96 hydrogen fuel cell engines from long-standing customer Solaris Bus & Coach sp. z o.o. The purchase orders include 52 fuel cell engines that will power Solaris Urbino hydrogen buses for deployment by public transport in Germany and 44 fuel cell engines that will power Solaris buses in European cities.

In January 2022, General Motors (GM) planned to broaden electrification, by expanding fuel cells beyond vehicles. It also continues to accelerate its growth as a platform innovator and has announced new commercial applications of its HYDROTEC fuel cell technology. HYDROTEC projects, which are currently in development, from heavy-duty trucks to aerospace and locomotives, are being planned for use beyond vehicles for power generation.

Downlaod report sample

Lack of refueling infrastructure for HFCV

The lack of refueling infrastructure for HFCV in most of the countries is due to the limited number of hydrogen refueling stations. For instance, in 2020, globally the hydrogen refueling stations are less than 800, which hampers the growth of HFCV vehicle sales. Furthermore, in many developing countries such as Brazil, African countries, and other countries limited presence of hydrogen vehicles and high cost for development which are also impact the growth of HFCV market. The development of HFCV in underdeveloped countries is slower than in developed countries.

Rise in adoption of HFCV in development economies

Increase in adoption of clean mobility solutions is observed globally due to climatic changes. Continuous usage of fossil fuels in automobiles is a major factor resulting in climate change. Vehicles that run on alternative fuels, such as natural gas, electricity, biofuel, biodiesel, fuel cell, liquid nitrogen, and dimethyl ether result in lesser carbon emissions. Increasing environmental concerns among consumers, introduction of stringent emission regulations, and launch of advanced vehicles supporting alternative fuels are expected to increase the adoption of alternative fuel and hybrid vehicle market during the forecast period.

Purchase report

Key players : 

The key players profiled in the hydrogen fuel cell vehicle market share include General Motors Company, HONDA MOTOR Co., Ltd, AUDI AG, Ballard Power Systems, Inc., BMW Group, Daimler AG, Hyundai Motor Group, MAN SE, Toyota Motor Corp., and Volvo Group which have been operating in the industry & are developing strategies & products for the growth of the market.

[univdatosmarket]

A rise in the cases of spinal cord injury owing to the prevalence of osteoarthritis among the elderly population coupled with the escalating motor vehicle accident and the falls, acts of violence, sports, and medical/surgical reasons are resulting in the rising number of cases of spinal fractures, due to which the market for kyphoplasty is witnessing an uptick.

[market-insider]

Electric Vehicle Charging Market : Unveiling the Latest Innovations, Challenges, and Opportunities

The global EV charging infrastructure market size is anticipated to reach USD 125.39 billion by 2030, expanding at a CAGR of 25.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the electric vehicle charging infrastructure (EVCI) market is attributed to a growing consumer base adopting electric vehicles. This shift is fueled by eco-friendly choices, rising fuel expenses, government incentives, and reduced ownership costs throughout the vehicle's lifespan.

EV Charging Infrastructure Market Report Highlights

In terms of charger type, the fast charger segment dominated the market in 2023. The rising preference for EVs among consumers seeking more convenient and efficient vehicle charging methods is propelling the growth of this segment

In terms of connector, the CHAdeMO segment is expected to grow at a significant CAGR during the forecast period. The CHAdeMO connector’s capacity to provide a DC fast charging solution, enabling swift EV battery recharge, acts as a significant contributor to segment growth

In terms of level of charging, the level 2 segment dominated the market in 2023. The growth of level 2 charging networks, especially in urban areas and along major U.S. highways, significantly drives segment expansion. With increasing electric vehicle adoption, numerous municipalities and businesses are investing in level 2 charging infrastructure to retain and attract EV drivers

In terms of connectivity, the non-connected charging stations segment led the market in 2023. The growing adoption of stand-alone chargers by small businesses, private individuals, and municipalities is a major factor contributing to segment growth

In terms of application, the commercial segment held a major revenue share in 2023. Increasing number of EV charging stations in commercial spaces and rising government funding and initiatives for installing publicly accessible EV charging stations are major factors behind segment growth

The Asia Pacific region dominated the market in 2023. Stringent vehicle emission standards and a strong emphasis on electric vehicle research and development act as key drivers propelling regional market growth for electric vehicle (EV) charging infrastructure

In September 2022, Schneider Electric launched the EVlink Home Smart Charger to power EVs at home. The charger includes innovative features to make at-home charging simpler to install and more cost-effective to use. Such initiatives are increasing the adoption of electric vehicle charging infrastructures

For More Details or Sample Copy please visit link @: Electric Vehicle (EV) Charging Infrastructure Market Report

An increasing interest in electric vehicles is amplifying the need for sufficient charging infrastructure, driving market growth. Several electric vehicle manufacturers, including Kia Motors, Volvo, Ford, and Mercedes-Benz, are partnering with charging infrastructure providers to ensure convenient access to charging stations. As an example, in November 2020, ChargePoint, Inc. announced its collaboration with Volvo Car USA LLC to deliver a smooth charging experience for Volvo drivers. ChargePoint, Inc. supports Volvo owners with Home Flex home chargers, allowing them to conveniently charge their cars at home.

Moreover, Ecotap BV, Delta Electronics, and Enel X, among others, are focusing on the development of solar-powered electric vehicle charging stations. For instance, within the Honda SmartCharge program, Enel X is engaged in developing a charging station powered by solar energy in Hawaii, the U.S., through collaboration with the Hawaiian Electric Company, Inc.

Several companies are working to enhance electric vehicle supply equipment (EVSE) to improve convenience for long-distance travel. Manufacturers such as Tesla, Inc. and Nissan are focusing on ensuring compatibility of their electric vehicles with public charging networks. For instance, in February 2023, in a move to bolster EV adoption in the U.S., the White House collaborated with Tesla Inc. to increase the availability of EV charging infrastructure across the U.S. As part of the collaboration, Tesla Inc. has pledged to make at least 7,500 of its chargers available to all types of EVs by the end of 2024.

The significant growth is majorly owing to the rising initiatives undertaken by both private as well as public sectors to encourage the population to switch to electric vehicles. These initiatives have stimulated the purchase of EVs and have concurrently raised consumer awareness about the advantages of such vehicles. Therefore, the demand for EV charging infrastructure is anticipated to grow significantly.

For instance, in the U.S., the Washington State Department of Transportation has collaborated with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH), which includes 57 EV charging stations across Washington and Oregon. Moreover, multiple governments are collaboratively developing intercontinental networks of highway charging stations.

The rising demand for EVs is owing to the increasing awareness of environmental sustainability and the strict emissions regulations enforced by governments. As private companies are focusing on innovating electric vehicle chargers and charging stations, governments are partnering with these firms to deploy EV charging infrastructure. In addition, technologies, such as near-field communication (NFC) and Radio Frequency Identification (RFID), have enabled the installation of interactive, self-operated, and kiosk-based charging stations within highway charging stations. Numerous private organizations are investing in the development of electric vehicle charging stations along highways. All these factors are propelling the demand for highway EV charging stations.

[namanr]

3D LiDAR Sensor Market Expected to Reach $2.3 Billion, Globally, by 2030 at 14.5% CAGR: Allied Market Research 

The 3D LiDAR sensor market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to high investment in the consumer electronics and aerospace & defense sector. Moreover, economically developed nations tend to witness high penetration of 3D LiDAR sensor products in home automotive sector, which is projected to significantly contribute toward the growth of the market.

Wilmington, Delaware

According to a new report published by Allied Market Research, titled, “3D LiDAR Sensor Market By Type, Application, Connectivity, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030”, The global 3D LiDAR sensor market size was valued at $0.51 billion in 2020, and is projected to reach $2.30 billion by 2030, registering a CAGR of 14.5%. Asia-Pacific is expected to be the leading contributor toward the 3D LiDAR sensor market during the forecast period, followed by North America and Europe. 

Download Research Report Sample & TOC:

https://www.alliedmarketresearch.com/request-sample/11984 (We look forward to moving quickly to provide the Report Analysis needed for your Business Success)               •162 – Tables               •84 – Charts               •280 – Pages

The growth of the global 3D LiDAR sensor market is anticipated to be driven by factors such as ability of these 3D LiDAR sensors to capture a 3D image that has augmented their application in various industry verticals such as automotive, consumer electronics, & healthcare sectors, and rising penetration of image sensors in automobiles. In addition, growing demand for 3D LIDAR sensor for agricultural robots boosts the overall market growth. However, high manufacturing cost of these sensors acts as a major restraint of the global 3D LiDAR sensor industry. On the contrary, increasing application of 3D LiDAR sensor in defense and civil engineering field is expected to create lucrative opportunities for the global industry.

Prime determinants of growth:

The prominent factors that impact the 3D LiDAR sensor market growth are rising demand for 3D imaging and falling prices of drones. In addition, rapid development in autonomous vehicle technology drives the 3D LiDAR sensor market. However, lack of awareness among consumer restricts the market growth. On the contrary, increase in demand for these sensors in forestry & agriculture is expected to create lucrative opportunities for the market.

Report Coverage and Details:

Aspects

Details

By Type

Mechanical

Processor

Motor

Laser Diode

Photodiode

Solid State

Processor

Opto-Mechanical System

Laser Diode

Photodiode

By Application

Navigation Devices

Advanced Driver Assistance System [ADAS]

Corridor Mapping

Seismology

Security & Surveillance

Others

By Connectivity

Wired

Wireless

By End User

Consumer Electronics

Aerospace & Defense

Automotive

Transportation

Healthcare

Others

  COVID-19 Scenario:

The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are expected to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers.

3D LiDAR sensor is a compact and miniaturized device that is a vital part of a 3D mapping system. The device emits light from multiple angles to capture the shape of an object in three dimensions. It is widely used in automotive and mobility applications.

The growth of the global 3D LiDAR sensor market is anticipated to be driven by factors such as ability of these 3D LiDAR sensors to capture a 3D image that has augmented their application in various industry verticals such as automotive, consumer electronics, & healthcare sectors, and rising penetration of image sensors in automobiles. In addition, growing demand for 3D LIDAR sensor for agricultural robots boosts the overall market growth. However, high manufacturing cost of these sensors acts as a major restraint of the global 3D LiDAR sensor industry. On the contrary, increasing application of 3D LiDAR sensor in defense and civil engineering field is expected to create lucrative opportunities for the global industry.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/11984

 Leading Market Players:

Faro Technologies Inc.

GeoSLAM Ltd. 

Infineon Technologies AG

Leddartech

Leica Geosystems AG

Raymetrics S.A.

Sick AG

Vaisala

Velodyne Lidar INC.

Mitsubishi Electric Corporation

The report provides a detailed analysis of these key players of the global 3D LiDAR sensor market. These players have adopted different strategies such as product development and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders:

The transportation sector is projected to be the major application, followed by automotive.

Asia-Pacific and North America collectively accounted for more than 65% of the 3D LiDAR sensor market share in 2020.

India is anticipated to witness highest growth rate during the forecast period.

U.S. was the major shareholder in the North America 3D LiDAR sensor market, accounting for approximately 68% share in 2020.

By Region:

North America (U.S., Canada, and Mexico)

Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)

Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)

LAMEA (Latin America, Middle East and Africa)

Trending Reports in Semiconductor and Electronics Industry (Book Now with Up to 20% Discount + COVID-19 Scenario):

Antenna Market size is projected to reach $40.1 billion by 2032, growing at a CAGR of 9.1% from 2023 to 2032.

Image Sensor Market size is projected to reach $87.5 billion by 2032, growing at a CAGR of 12.9% from 2023 to 2032.

Superconductors Market share is projected to reach $17.4 billion by 2032, growing at a CAGR of 10% from 2023 to 2032.

Power Cable Market size is projected to reach $277.8 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031

Embedded Systems Market size is projected to reach $163.2 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.

Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285

UK: +44-845-528-1300

India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com

[ebizfilingindia-blog]

Section 206C of the Income Tax Act, 1961

Introduction

A new TCS section 206C (1H) was added to Finance Bill 2020. The updated section specifies that if a seller sells goods and the total sales value exceeds INR 50,00,000 (the threshold amount) in the same financial year, the seller must collect TCS from the customer. The content in this article includes eligibility requirements under Section 206 of TCS, the deadline for submitting TCS, and a definition of Section 206 of the Income Tax Act.

What is Section 206C of the Income Tax Act, 1961?

The Finance Act, 2020 has been amended by the government of India to insert a new Section 206C (1H) that covers the Tax Collected at Source (TCS) rules to the seller of goods. According to this section, if a seller receive more than INR 50 lakh from a single buyer in a single financial year, he must collect tax if his total turnover exceeds INR 10 crore. It is important to remember that when the payment is received, the TCS (Tax Collected at Source) needs to be paid.

A. The Income Tax Act defines a seller as:

The National Government,

The federal, state, or municipal governments, businesses, state governments, or other entities formed by law,

The cooperative societies, the corporation, and the firm,

HUFs (Hindu undivided families) or individuals whose accounts are audited for taxes under Section 44AB.

B. “Buyer” is described under the Income Tax Act as:

“Buyer” is described in Section 206C clause as any individual having the right to purchase a particular product by any means, including auction, tender, sale, or other means. Every single one of these people is a buyer, except:

Any public sector company, the federal, state, or local governments, as well as any foreign state or club’s embassy, legation, commission, or consulate,

Trade representation from an international organization or state,

A buyer who purchased products for their own use at a retail sale.

What are the Qualifications under Section 206C of TCS?

Below is a list of the points that fall within Section 206C of TCS’s Eligibility Criteria:

This clause only applies to sellers whose total revenue in their financial year before the sale exceeds Rs. 10 crore.

Goods are not included in exports or those covered by sections 206C(1) — TCS on the sale of alcohol, tendu leaves, forest produce, and scrap; 206C(1F) — TCS on the sale of motor vehicles; and 206C(1G) — TCS on external remittance.

TCS is not needed to be reduced if the buyer is a Central or State Government, Embassy, High Commission, Legation, Consulate, Trade Representation of a Foreign State, or any local authority.

The seller is not obligated to collect TCS on transactions in which the buyer is required under any other provision of the Income Tax Act to deduct TDS from items that they have purchased from the seller, and they have already done so.

This rule does not apply to imported items into India.

What are the goods applicable and tax rate under Section 206?

The following is the list of goods applicable under Section 206 along with tax rate:

Timber obtained under a forest lease with the 2.5% tax rate.

Tendu leaves with 5% tax rate.

Scrap with 1% tax rate.

Alcohol for human consumption with 1% tax rate.

Timber obtained other than under a forest lease with the 2.5% tax rate.

Minerals including coal, lignite, or iron ore 1% tax rate.

Forest produce other than tendu leaves and timber with the 2.5% tax rate.

Note: Goods purchased by an Indian resident for the purpose of manufacturing or producing other items, as compared to trading, are free from tax under section 206C of the Income Tax Act. Buyers are required to file an application and deliver a copy to the Income Tax Department commissioner within 7 days of the sale’s completion.

What is the due date for filing TCS Quarterly?

The following are the due dates for filing Tax Collected at Source quarterly:

The due date for the quarter 1st April to 30th June is 15th July.

The due date for the quarter 1st July to 30th August is 15 October.

The due date for the quarter 1st October to 30th December is 15th January.

The due date for the quarter 1st January to 30th March is 15th May.

“Stay compliant with the latest tax laws using our Income Tax Filing Service. We provide personalized tax strategies to reduce your tax liability. Our secure, digital process ensures confidentiality of your financial data. Trust us for a smooth, efficient, and timely tax filing experience!”

Conclusion

Sellers whose entire sales value exceeds INR 50,00,000 in a financial year are subject to a tax collection obligation under Section 206C of the Income Tax Act, 1961. The purpose of this section is to guarantee that taxes on high-value transactions involving the sale of products are paid to the government. A restricted number of goods and services are subject to the tax, and sellers who sell goods to customers for more than INR 50 lakh are required to collect TCS at a rate of 0.075%. To avoid fines and interest, the TCS must be submitted with the government within a particular period of time.

[1-2-3-4-4498-0]

Energizing the Future: Insights into the Electrical Equipment Market

Electrical equipment is used for various machines powered by electricity. Electrical equipment includes different machinery, specialized systems, and cables to be supplied with electricity. The market includes sales of products that generate and distribute electrical power. Moreover, it refers to the individual components of an electrical distribution system such as electricity meter, transformers, circuit breakers, and distribution boards.

The global electrical equipment market is segmented on the basis of various characteristics. By product type, the market is segmented into wiring devices, batteries & accumulators, electronic & electrical wires, and cables. The demand for energy is increasing from the residential and nonresidential users; both the segment contributes largely in the growth of electrical equipment market. Installation of the electrical devices such as ventilators, lighting system, air conditioners, and fire protection majorly augmented the growth of the market. Furthermore, rapid modernization in the electric grid is fueling the demand for electrical equipment. By region, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa contributing largely in the electrical equipment market growth.

COVID-19 impact analysis

Owing to the suspension of work in industries, the electrical equipment market is likely to witness a temporary downfall. 

More than 60% of the electric motors are on halt during the pandemic, which is anticipated to impact the usage rate of electrical equipment. 

lications may cause a decline during the forecast period. Furthermore, the suspended movement of activities such as functioning of heavy machines with the suspension of production app

Moreover, insufficiency in raw material supply is anticipated to hamper the production rate, thus affecting the market growth.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Technological advancement in electrical equipment acts as the major driver of the electrical equipment market. Electric meters are crucial for analyzing the total power transmitted and consumed across various applications, which significantly contribute toward the growth of the global market. Furthermore, the trend for electric vehicles is growing significantly and emerging toward the transportation electric fuels vehicles. Countries such as Mexico, India, and America are largely benefited from the established power distribution channels. Furthermore, high frequency of operation for electrical equipment is expected to boost the market growth during the analysis period.

The growth of the global market is further driven by the expansion of the commercial, industrial, residential, and nonresidential sectors. Furthermore, increase in consumption of electrical equipment in applications such as building & construction, power transmission & power distribution, and mining boosts the growth of the global market.

Key benefits of the report

This study presents the analytical depiction of the global electrical equipment market industry along with the current trends and market estimation to determine the imminent investment pockets.

The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electrical equipment battery market.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.

The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.

This report helps users in comprehending the key product segments and their future.

Key Market Players : Monbat, ABB, Fincom-2, Gamakabela, Octa light, Samel, incotex Group, Datecs, Legrand, Emka, Solar LED Powers, Hellenic Cables