When it comes to policy developments, Andrew Wrobel, Senior Powertrain Analyst at Escelant [Rhein Associates], highlighted that the California Air Resources Board (CARB) has approved a $2.6 billion investment plan aimed at accelerating the shift toward zero-emission transportation. Much of this funding is directed toward cleaner trucks and buses, signaling a strong push for greener commercial vehicles in the state. Wrobel noted that battery-electric truck production is expected to more than triple this year compared to 2022. Despite this impressive growth, he pointed out that electric trucks still make up less than 1% of total truck production, indicating that the transition is just beginning and there’s a long way to go before they become mainstream. Turning to the broader economic outlook, Kenny Vieth, President and Senior Analyst at ACT Research, shared his perspective on the U.S. economy. He mentioned that GDP grew by 2.9% in Q4 2022, exceeding expectations and pushing full-year growth to 2.1%. This was the first quarter since the pandemic started where all sectors contributed positively to economic performance. However, Vieth remains cautious, stating that while a recession is still likely, it may be milder and shorter than previously anticipated. He now believes the downturn could be delayed due to ongoing political challenges in Washington, particularly around the debt ceiling and concerns over U.S. creditworthiness. The latest North American on-highway engine forecast, released by ACT Research and Escelant [Rhein Associates], provides a detailed look at power-source trends for commercial vehicles with gross vehicle weights between 5 and 8 tons. The report includes five-year projections for engine volumes and product development, aligning with ACT Research’s monthly NA commercial vehicle forecasts. This data is essential for companies involved in the commercial vehicle engine supply chain, as well as investors tracking the performance of engine OEMs and their suppliers. Rhein Associates is a leading provider of competitive intelligence in the North American commercial vehicle and off-highway powertrain market. Known for its comprehensive databases, in-depth analysis, and industry-connected experts, the firm covers a wide range of sectors, including on-road commercial vehicles, off-highway equipment, marine, industrial, agricultural, and electrification markets. Rhein Associates publishes The Rhein Report, offering regular market insights through news and analysis. Their powertrain forecast database spans from 2010 to 2033, covering both on-highway and off-highway applications. Learn more at www.rheinassociates.com. ACT Research is widely recognized as a top source of commercial vehicle data, market analysis, and forecasts for North America and China. Its reports are used by major truck and trailer manufacturers, suppliers, and financial institutions. ACT is also a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. The company has received numerous accolades, including the Lawrence R. Klein Award for accurate economic forecasting and recognition from the Chicago Federal Reserve and USA Today. For more information, visit www.actresearch.net. Rolling Machine,W11S Series Rolling Machine,Four Roller Plate Rolling Machine,Cnc 4 Rolls Rollig Machine HT-Metalforming Equipment Manufacturing Co.,Ltd , https://www.htmetalforming.com