Emission Reduction Projects Continue in CV Industry in 2022
MAR 14, 2022 - 6:28 am
According to ACT Research and Rhein Associates, the growth of partnerships and investments to lower carbon emissions from commercial vehicle fleets and to support new powertrains for such fleets is continuing in 2022.
“Partnerships and investments continue, regarding both technology development and infrastructure,” Andrew Wrobel, senior powertrain analyst at Rhein Associates, said. “One example is the recent announcement from the U.S. Department of Energy for $35 million in funding of 12 projects to develop technologies to reduce methane emissions in the oil, gas and coal industries. No doubt this and other public-private and private-private efforts will translate to advanced technologies and reduced emissions from the CV industry as well.
“Demand for natural gas vehicles is currently driven by specific vocations. If regulations change to encourage well-to-wheel emission reduction, more adoption would be expected.”
“Trucking costs increased in 2021 over 2020 and are expected to continue increasing in 2022, driven by driver wages, fuel costs, insurance premiums and repair costs,” Kenny Vieth, president and senior analyst at ACT Research, said in addressing carry-over trends from 2021. “Last year ended with long backlogs of unfilled new truck orders, and the trend is expected to continue in 2022. Capacity will remain a challenge, and underlying vehicle replacement needs will not change, so fleets will need to plan accordingly when ordering.”
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