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jayanthitbrc · 10 months

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Global Electric Truck Market Analysis 2023 – Market Size And Key Drivers

The Electric Truck Global Market Report 2023 by The Business Research Company, provides electric truck market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032. Learn More On The Electric Truck Market:

https://www.thebusinessresearchcompany.com/report/electric-truck-global-market-report According to The Business Research Company’s Electric Truck Global Market Report 2023, the global electric truck market size will grow from $1.85 billion in 2022 to $2.72 billion in 2023 at a compound annual growth rate (CAGR) of 47.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of electric truck market is expected to grow to $13.63 billion in 2027 at a CAGR of 49.6%. Government incentives and schemes are expected to drive the growth of the electric truck market. Government bodies across the globe are implementing innovative policies and incentive schemes to increase the adoption of electric vehicles across all categories (bikes, autos, cars and commercial vehicles). The main policies, which are currently driving the EV’s adoption are significant financial incentives for the purchase of LDVs, subsidies for primary purchase, vehicle purchase, and tax rebates on registration as these vehicles control pollution and promote a good environment.

Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample_request?id=5965&type=smp The electric truck market is segmented:

1) By Vehicle Type: Light-Duty Electric Truck, Medium-Duty Electric Truck, Heavy-Duty Electric Truck

2) By Propulsion: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle

3) By Range: Upto 150 Miles, 151-300 Miles, Above 300 Miles

4) By End User: Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution services

The development of self-driving electric trucks is the key trend gaining popularity in the electric trucks sector. The companies operating in the electric trucks sector are partnering with related technology-based companies to boost their development activities in innovative self-driving truck models. For instance, in January 2022, Pininfarina, an Italy-based design company owned by Mahindra, developed an electric semi-truck in collaboration with Deppway, a subsidiary of Baidu, with a self-drive system. The self-drive system utilizes 11 cameras on board, an infrared detector, radars, and LIDAR sensors.

The electric truck market report table of contents includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

.

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

Contact Us: The Business Research Company Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

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Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

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commercialvehicle1 · 1 year

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On the Road to Efficiency: Exploring 10 Wheeler Truck Prices in Nepal

On the Road to Efficiency: Exploring 10 Wheeler Truck Prices in Nepal The bustling streets of Nepal witness a constant flow of goods and commodities, a testament to the country's growing economy and trade. At the heart of this logistical operation are heavy-duty vehicles, particularly 10-wheeler trucks, which play a pivotal role in transporting goods across challenging terrains. In this article, we delve into the world of 10-wheeler trucks in Nepal, exploring their significance, features, and, most importantly, their prices.

10 Wheeler Truck: The Workhorse of Nepalese Transport

Before we dive into the pricing details, it's essential to understand why 10-wheeler trucks hold such a crucial position in Nepal's transportation industry. These trucks are renowned for their versatility and robustness, making them the workhorses of the Nepalese transport sector.

Terrain Dominance: Nepal's topography is characterized by rugged mountains, steep slopes, and challenging road conditions. 10-wheeler trucks are built to conquer such terrain with ease, ensuring the smooth movement of goods even in the most challenging environments.

High Payload Capacity: These trucks are designed to carry heavy loads, making them ideal for transporting goods in bulk. Their substantial payload capacity is a significant advantage for businesses looking to move large quantities of merchandise efficiently.

Durability: Given the challenging conditions they often encounter, 10-wheeler trucks are built to last. Their sturdy construction and robust components make them highly durable, reducing maintenance costs and downtime.

Versatility: These trucks are versatile and can be customized to meet specific transportation needs. Whether it's carrying construction materials, agricultural produce, or industrial equipment, 10-wheeler trucks can adapt to various cargo types.

Now, let's get down to the nitty-gritty of 10-wheeler truck prices in Nepal.

Factors Influencing 10 Wheeler Truck Prices in Nepal

Several factors contribute to the pricing of 10-wheeler trucks in Nepal. It's important to consider these factors when exploring the market for these vehicles:

Brand and Model: Different manufacturers offer various models with varying features and capabilities. Well-known brands often come with a higher price tag due to their reputation for quality and reliability.

Engine Capacity: The engine is the heart of any truck. Trucks with more powerful engines typically come at a higher cost. The engine's performance directly impacts the truck's ability to carry heavy loads and navigate challenging terrains.

Load Capacity: The payload capacity of a 10-wheeler truck can vary significantly. Trucks designed to carry larger loads are generally more expensive.

Technology and Features: Modern trucks come equipped with advanced technology and features, such as GPS navigation, advanced safety systems, and comfortable cabins. These features can influence the price.

Emissions Standards: In recent years, there has been a growing emphasis on reducing emissions from vehicles. Trucks that meet higher emissions standards may be priced higher due to the inclusion of emission-reduction technology.

Import Duties and Taxes: Nepal imposes import duties and taxes on vehicles, which can significantly impact the final price. Buyers should be aware of the tax structure and how it affects the cost of the truck.

After-Sales Support: Consider the availability of spare parts and the quality of after-sales service when assessing the overall cost of ownership.

Exploring 10 Wheeler Truck Prices in Nepal

As of my last knowledge update in September 2021, it's important to note that truck prices can fluctuate due to various factors, including changes in import policies, currency exchange rates, and market demand. Therefore, the prices mentioned here should be considered as approximate figures.

In Nepal, the price of a new 10-wheeler truck can range from NPR 40 lakhs to NPR 1.5 crores or even more, depending on the factors mentioned earlier. Here's a rough breakdown:

Economy Models: Trucks at the lower end of the price range are typically economy models. They come with basic features and may have slightly lower load capacities. Prices for these trucks start at around NPR 40 lakhs.

Mid-Range Models: Trucks in the mid-range category offer a good balance between features, load capacity, and price. Expect to pay between NPR 70 lakhs to NPR 1 crore for these models.

Premium Models: Premium 10-wheeler trucks from well-known brands with powerful engines, advanced features, and high load capacities can cost anywhere from NPR 1.2 crores to NPR 1.5 crores or more.

It's important to do thorough research and consider your specific transportation needs before making a purchase. Additionally, keep in mind that used trucks are also available in the market at lower prices, but their condition and maintenance history should be carefully evaluated.

Conclusion

10-wheeler trucks are the backbone of Nepal's logistics and transportation industry, playing a vital role in the country's economic growth. Understanding the factors that influence their prices is crucial for businesses and individuals looking to invest in these workhorses. While the prices mentioned here are approximate, they provide a general idea of what to expect when exploring the 10-wheeler truck market in Nepal. To get the most accurate and up-to-date pricing information, it's advisable to contact authorized dealers and conduct market research in Nepal's ever-evolving automotive industry. Whether for commercial or industrial purposes, a well-chosen 10-wheeler truck can be a valuable asset on the road to efficiency in Nepal's transport sector.

#Commercial Vehicles #Tata Motors

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trucktax2290 · 3 years

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Make sure your #HVUT reporting needs are met by your #Form2290 service provider. At @tax2290, you get #2290efile, Amendment, Claims, VIN Correction, Records keeping, Super fast efile, economic and affordable service. All inclusive with a real time phone, email & chat 2290 support

#Heavy Truck Tax Form 2290 efile #Heavy Truck Tax Form 2290 online #Heavy Truck Tax Form 2290 electronic filing #Heavy Truck Tax for 2021 #Heavy Truck Tax eFiling for 2021 #Heavy truck tax #heavy truck tax form 2290

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2290efile · 3 years

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Form 2290 for New Tax Year 2021 – 2022, Due Now Renew it at Tax2290.com

It’s time for your 2290 tax form renewal, the heavy highway vehicle use tax is required to be paid annually to the IRS for every truck that drives on public highways and weighs over 55,000 lbs. Once you file your IRS Tax Form 2290, a Stamped Schedule 1 will be provided to you as your receipt for this heavy highway vehicle use tax. A printed copy is required to register your vehicles each year with the state authorities. A copy of the IRS stamped Schedule 1 for the current year available on your account so you can always have access to it.

Benefits of Form 2290 Electronic Filing with @tax2290, the foremost is receiving back your IRS stamped Schedule-1 proof instantly, IRS could receive your returns and process it faster than any other way of filing. Choosing online filing or electronic filing eliminated all possible human errors that could happen in a tax return.

#Truck tax form 2290 #heavy vehicle use tax #heavy truck tax #heavy truck tax for 2021 #tax 2290 efile for 2021

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rjzimmerman · 3 years

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Excerpt from this story from the New York Times:

In Congress, details are emerging of the climate and clean energy policies in a sweeping $3.5 trillion budget package that Democrats are drafting and hope to send to Mr. Biden’s desk by year’s end.

As progressive Democrats and Mr. Biden envision it, the budget bill, which would include a historic expansion of social welfare programs, would also be the single largest piece of climate legislation to pass Congress.

The most powerful climate mechanism in that bill is a $150 billion incentive and penalty program designed to replace most of the nation’s coal- and gas-fired power plants over the next decade with wind, solar and nuclear plants. The program would pay electricity suppliers for increasing the amount of power they produce from clean zero-emissions sources, and fine those that don’t.

Power plants that burn fossil fuels are the second-largest source of greenhouse emissions after cars and trucks, and shutting them down would significantly lower the nation’s heat-trapping pollution. If enacted, the program could stand as the centerpiece of Mr. Biden’s climate agenda.

On Monday, the House energy committee will begin consideration of that provision, known as the Clean Electricity Payment Program.

The House energy committee will debate other climate provisions in the budget bill, including $13.5 billion to construct charging stations for electric vehicles and promote the electrification of heavy-duty vehicles. Another program would spend $9 billion on updating the electric grid, to make it more conducive to transmitting wind and solar power, and to make it more resilient to the extreme temperatures, flooding and fires that scientists say are now unavoidable. Another provision would spend $17.5 billion to reduce the carbon dioxide emissions from federal buildings and vehicles. The budget bill would also assess a fee from oil and gas companies for leaks of methane, a potent greenhouse gas. The government would use the revenue from those fees to pay for climate mitigation programs.

At the same time, Democrats on other committees are drafting tax incentives intended to lure American drivers away from fossil-fueled cars — the nation’s top source of greenhouse pollution — and toward electric vehicles, and to boost companies that design clean energy technology. They are readying money for a “Civilian Climate Corps” — a program designed to put young people to work in environmental conservation and climate resilience. And they are preparing to channel billions to help low-income and minority communities, which are disproportionately affected by the impacts of climate change, as well as communities that would lose fossil fuel jobs as a result of climate change policies.

#President Biden #infrastructure #climate change #clean energy #Clean Electricity Payment Program

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arcticdementor · 3 years

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Environmentalists really do seem committed to making life just that little bit shittier. Literally in the case of the British government’s latest green-inspired policy idea – a tax on disposable nappies.

The government isn’t planning on banning them. Not yet, anyway. ‘That would be too tough for parents’, a source said. No, it wants to price them out of everyday use. Turn them into a privilege. Something for special occasions, say, a first or second birthday.

It’s almost as if those in Westminster and Whitehall dreaming up such a proposal barely thought about its consequences. Which, to be fair, they probably didn’t. Many won’t be bothered about paying that bit more for pull-ups. And quite a few will just leave their nannies to bear the brunt of their latest wheeze.

But for most parents – and especially women, who are still responsible for the majority of childcare in the UK – the idea of being encouraged to spend a few more hours a week re-washing nappies, rather than simply bagging up and disposing of them, seems like a massive backward step.

Which it is. The invention of disposables in the late 1940s was a minor liberation. Like more celebrated labour-saving technologies, the humble Pampers nappy, ending the time-heavy process of re-laundering cloth nappies, played a part in releasing women from domestic drudgery. And now, in the name of saving the planet, policymakers and their green whiphands want to return child carers to that tedious, far less free era of thankless housework. Hence, when then environment secretary Michael Gove first mooted an attack on disposable nappies in 2018, director of Netmums called it ‘a bit of a retrograde step’.

…

It is always a process of going backwards with greens. Always a regression. Little wonder the green vision of the future looks uncannily like a version of the past most of us are glad we left behind.

Indeed, if environmentalists have their way, not only will parents be re-laundering old cloth nappies, they’ll be trying to do so using lukewarm water. Just to make it doubly difficult to shift those stains. After all, as the BBC warned us recently, 11 per cent of all household carbon emissions come from washing machines, and the energy they expend heating water. The New York Times drew the obvious conclusion: we need to wash our clothes less frequently and at lower temperatures.

Every life-improving or time-saving appliance we use in our domestic lives, from the humble nappy to the latest in TV, is a problem in the eyes of green policymakers. For much of the noughties (until the advent of LED lights), we were told we spent winter evenings enjoying too much illumination from electric lighting. Dishwashers have long been a continual source of contention and worry. Refrigerators are an endless source of pollution. And the production of flat-screen TVs, we were told, could produce more greenhouse emissions than the world’s largest coal-fired power stations. Then there’s air-conditioning units, gas boilers, power showers… The list goes on and on. We need to limit our use of all of them, and live a simpler life. Like the one people used to live, in the 1750s.

…

Surely, the Guardian argued recently, it would be better to ‘grow your own’, perhaps on an allotment. Just remember to ‘avoid genetically modified and chemically bathed seeds’. After all, argue greens, it was messing around with nature that led us to the climate emergency in the first place.

Incredibly, some greens argue we should forgo even grow-your-own levels of agriculture, and start foraging. ‘Plenty of weeds are edible, nutritious and delicious’, writes one green. ‘Plus, they’re free and don’t require any fossil fuels, water or trucking to grow and bring to market.’

This is the green dream. A life lived as if modernity never happened. And it’s grim.

#spiked #tim black

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mbsposts · 3 years

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Thursday, April 22, 2021 Day 02

End Mileage 6980 5:00 PM CDT

Start Mileage 6669 7:15 AM CDT

Miles 311

Breakfast 8.31

Gas 17.00

Gas 28,25

Camp 42.82

Walmart 7.47

Ice 3.50

Total 106.85

Was awake before 6:00 AM. So I got up and walked to McD’s for breakfast. Had to bring back to the room. Inside dining not allowed. Back on the road the traffic was already heavy with trucks and morning commuters to Memphis. Took road pictures along the way. Cross the Mississippi River on the bridge that will be closed to traffic within a month. In Arkansas the side parallel roads are always of interest in this state. Trucks continued to fill the road and slow traffic down. More taxes for truck carriers! Got a picture of the skyline of Little Rock from a high span of a bridge. Arrived in Hot Springs National Park. Walking the bath house row I took pictures of all the buildings. I walked the lower level of the park and then drove to hike a couple of trails and took pictures of the vistas and the wildflowers. Then I drove to the north end of the park for pictures of a pond setting. Next stopped at a picnic area. Then I headed to Wal-mart on the other side of town. I needed a few things that I left at home. Then I headed to my KOA campground for the night. Nice site. When I opened my camera to copy the pictures of the day onto my laptop I discovered I was missing my memory card. It was already in the laptop. So all the pictures I took all day long never were! A disappointment. I will just have to do with memories. Ate at the campground and enjoyed the evening. Tomorrow will be another picture day!

#diary

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dr-archeville · 3 years

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INDY Daily: After Earth Day, a Look at New Environmental Bills in N.C.

It’s Friday, April 23

Just one week left to nominate your favorite local businesses in the INDY's Best of the Triangle for 2021! Where’s the best pizza? Who’s the best OBGYN? What’s the best reason to live in the Triangle?

Nominate your favorites now! Top four finalists make it to the finals.

Good morning, readers.

Yesterday was Earth Day, which, in this newsletter at least, was a bit overshadowed by some of the terrible things happening here on earth. But there are still important legislative proposals being filed at the state level so let's take a moment today to look at some environmental bills introduced this session.

Senate Bill 549: Improve Pipeline Safety State Sen. Natasha Marcus, a Mecklenburg Democrat, filed this bill in response to the nation's largest gasoline spill in two decades, the Colonial Pipeline spill in Huntersville, near Charlotte, back in August, releasing 1.2 million gallons of gasoline into the Oehler Nature Preserver and near several residential neighborhoods. The bill would give the N.C. Department of Environmental Quality $200,000 to to study the "condition, safety, and environmental impact" of pipelines that transport petroleum products through or within the state. Here's more info on that spill.

Senate Bill 572: Coal Ash/Structural Fill Modifications This bipartisan bill would modify the requirements for the use of coal ash as structural fill and would conform the state's coal ash requirements to meet federal standards set by the EPA.

Senate Bill 699: Polluters Pay The bill would require corporate polluters to cover the costs of cleanup and alternative water supplies to homes affected by contamination.

House Bill 230: NC Managing Environmental Waste Act of 2021 The bill would address the issue of plastic waste by giving financial incentives to cities and counties with plastic waste reduction programs, establish a pilot program to reduce plastic waste at state operated food service facilities, and direct the Joint Legislative Oversight Committee on Natural and Agricultural Resources to study the issue of plastic waste.

House Bill 501: PFAS Manufacture Use/Sale Ban The bill would ban the manufacture and use of PFAS (or forever chemicals) in North Carolina. A companion bill would implement measures to prevent and address contamination from discharge of PFAS into waterways.

House Bill 563: Renewable Energy Tax Credits The bill would reinstate a tax credit incentive for investing in renewable energy properties. House Bill 632: Waterway Protection Act The bill would strengthen buffer requirements, restore local authority in setting riparian buffers, and require remediation for the destruction of streams.

House Bill 633: Reinstate Solar Tax Credit The bill would reenact the tax credit for investing in solar equipment.

House Bill 634: Improve Ambient Air Quality The bill would place restrictions on heavy truck idling.

House Bill 635: Hydraulic Fracking Statewide Ban The bill would ban the "dangerous, polluting, and unnecessary practice" of fracking throughout the state.

House Bill 636: Clean Energy Grants The bill would appropriate millions of dollars for clean energy grants.

Did I miss any? Let me know! Have a great weekend everyone.

For more information, resources, and promotional opportunities please contact [email protected]

Like the INDY Daily? Share it with your friends and ask them to subscribe!

Orange County

At its meeting yesterday, the UNC Board of Governors discussed returning to normal operations for the fall semester, increasing out-of-state enrollment caps for the system's historically Black colleges and universities from 18 to 25 percent, and made appointments to the Board of Trustees for multiple universities for four-year terms, including UNC-Chapel Hill.

One of the appointed UNC-CH trustees, Malcolm Turner, is the head of strategy and corporate development for sports betting site DraftKings, a fantasy sports betting operator that includes betting on college sports. While the Board of Governors is supposed to vet potential trustees, a former trustee, Dwight Stone, told the board that none of the five nominees UNC Chancellor Kevin Guskiewicz put forward made it to final consideration.

"The chancellor put forward, and the board chair, five nominees to the board," Stone said. "Not a single one was moved forward to this group. I find that unbelievable almost. … That input from a chancellor is needed, well thought through. They look through any number of avenues of their needs, both financial, institutional knowledge, et cetera, and obviously, none of those candidates that he put forward were valued enough to be moved to this board. That’s disappointing."

In March, UNC-Chapel Hill requested joint jurisdiction between the Chapel Hill Police Department and UNC Police be expanded to include all off-campus Greek housing, meaning officers from either department could respond to incidents at fraternity and sorority houses. The move is to improve students' safety, Chancellor Kevin Guskiewicz explained.

Durham County

Shooters, the Durham bar that's popular with Duke students, received a warning from the North Carolina Department of Health and Human Services for failing to adhere to COVID-19 restrictions.

Wake County

Downtown Raleigh businesses are preparing for possible unrest in the wake of the police killing of Andrew Brown in Elizabeth City.

Epic Games CEO Tim Sweeney, who is the richest person in North Carolina and whose Cary-based company is worth $29 billion, will give 7,500 acres of land in the mountains that he purchased during the recession to the Southern Appalachian Highlands Conservancy to protect rare plant and animal habitats from development. In partnership with Audubon North Carolina and Coastal Land Trust, Sweeney will also pay to conserve the two-mile Hustaff Island, one of the state's last privately owned, undeveloped barrier islands located between Lea Island and Topsail Beach to the north and Figure 8 Island to the south.

Elsewhere

Protests in Elizabeth City continued for a second night following the killing of Andrew Brown.

What exactly happened during Brown's shooting, which occurred while a deputy was executing a search warrant, remains murky: body camera footage from the deputy, Tommy Wooten, hasn't been released and the State Bureau of Investigation is looking into the killing. Witnesses say sheriff's deputies fired at Brown's car multiple times as he drove away; his car skidded out of his yard and hit a tree, and when officers opened the car door, Brown was dead.

Brown, 42, was a father of 10. Friends and relatives, including Brown's son and his 92-year-old grandmother, say he was good person and a good father who wasn't violent and didn't own guns.

The deportation order for Juana Tobar Ortega (pictured above with her family), the first immigrant to seek sanctuary in North Carolina, was rescinded by the U.S. Department of Homeland Security. Ortega, who immigrated to the U.S. from Guatemala, lived in a Greensboro church for four years to avoid deportation. Today, she returned home to her family in Asheboro.

A spat between an Asheville needle exchange clinic and its neighbors could threaten syringe exchanges across the state. Senate Bill 607 seeks to ban mobile exchanges, require engraved needles, background checks, forced treatment, and more, as opioid overdose deaths climb to an all-time high.

There's broad support, as there should be, for a North Carolina bill that would allow incarcerated women to give birth free of shackles before, during, and after delivery.

Statewide COVID-19 by the numbers: Thursday, April 22

2,236 New lab-confirmed cases (954,765 total; seven-day average leveling)

1,149 Current hospitalizations reported (seven-day average going up; 12,505 total deaths, +25 over Wednesday)

36,519 Completed tests (12.06 million total; most recent positive rate was 4.9 percent)

6,711,907 Total vaccinations administered (State data not updated daily)

Today's weather Cloudy in the morning, then mostly sunny in the afternoon with a high of 67 degrees.

Song of the day BANGZZ–Hell is Other People The video single features guitarist and vocalist Erika Libero (who is also the co-founder of Chapel Hill's Manifest music festival) slathering her face with ramen noodles and pretending, in a campy YouTube channel setup, to perform a self-lobotomy with a butter knife to "remove all negative thoughts from her head" as drummer Jess Caeser (Pink Flag, Dirty Little Heaters) offers commentary.

— Jane Porter— Send me an email | Find me on Twitter

If you’d like to advertise your business to the Daily's 33,000-plus subscribers, please contact John Hurld at [email protected].

Love the INDY Daily? Support it by joining the INDY Press Club.

#news #The INDY #NC

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medicalresearch · 2 years

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Automotive Steering System Market Explored In the Latest Research

According to The Insight Partners’ research, the global automotive steering system market was valued at US$ 22,501.0 million in 2020 and is likely to hit US$ 30,875.8 million by 2028 to rise at a CAGR of 4.3% from 2021 to 2028. The stringent fuel efficiency norms and rising demand for electrification in vehicles are the potential factors attributed to the market expansion.

Several governments across the world have adopted some concrete automotive emission norms and fuel economy legislation. Various regulatory bodies such as National Highway Traffic and Safety Administration in the US and International Council of Clean Transportation in Europe have laid down fleet-level regulations. Such stringent laws and regulations compelled automakers to spend more on electronic power steering (EPS) instead of conventional hydraulic steering systems. In ideal conditions, an electronic power steering system improves fuel efficiency by 2–4%, reduces fuel consumption by 6%, and lowers CO2 emission by 8gm/km.

The logistics and transportation (public and private) are expanding worldwide. Public transportation is preferred more in Asia and Europe. While in North America, private cars serve as the primary mode of transportation. However, as the urban population is increasing, this current transportation medium is proving inadequate. Hence, the automobile manufacturers are focusing on electrification of vehicles, especially passenger cars. Major countries across the world are striving hard to create green transportation ecosystem. Governments around the world are providing tax deductions and incentives to promote the use of e-trucks and e-buses in public transport. Thus, the rising demand for electric vehicles and the rigid fuel norms drive the global automotive steering system market.

On the other hand, the high cost of electronic power steering systems and difficulties associated with their maintenance hinder the growth of global automotive steering system market.

Based on type, the market is segmented into electronic power steering, hydraulic power steering, and electro-hydraulic power steering. The electronic power steering segment held 73.4% market share in 2020. It amassed US$ 16,521.6 million in 2020 and is speculated to garner US$ 23,230.0 million by 2028 to expand at 4.6% CAGR during 2021–2028.

According to type of vehicle, the global automotive steering system market is split into passenger cars and commercial vehicles. The passenger cars comprises class A, class B, class C, class D, class E, class F, SUV, and MPV sub-segments. The commercial vehicles segment include light commercial vehicles (LCV), medium commercial vehicles (MCV), and heavy commercial vehicles (HCV). With 70.6% market share, the passenger cars segment led the business in 2020. It generated US$ 15,885.6 million in 2020 and is projected to be worth US$ 20,912.2 million by 2028 to grow at 3.8% CAGR throughout the forecast period.

Oure regional analysis states that the Asia Pacific market captured 50.9% share of the domain in 2020. It was evaluated at US$ 11,448.3 million in 2020 and is predicted to reach US$ 16,429.0 million by 2028 to elevate at the highest CAGR of 4.9% over the forecast period.

Key players dominating the global automotive steering system market are China Automotive Systems, Inc.; Nexteer Automotive; Hitachi Automotive Systems Americas, Inc.; Hyundai Mobis; JTEKT Corporation; The Mando Corporation; NSK Ltd; Robert Bosch GmbH; Showa Corporation; and ThyssenKrupp AG, among others.

In March 2021, China Automotive Systems launched a new EPS product to empower advanced driver-assistance system (ADAS). This new product is based on proprietary technology developed by CAAS research & development team. The company started mass production of the product for Great Wall Motors, a leading Chinese automaker.

In February 2019, Nexteer Automotive announced its production milestone of 60 million electronic power steering (EPS) systems globally. The system is used in vehicles ranging from small cars to heavy-duty trucks.

In October 2019, Hitachi Automotive Systems merged with three affiliates of Honda, namely, Keihin, Showa, and Nissin Kogyo, to become a global mega-supplier and expand the business. With this merger, the company would manufacture electrified vehicle drivetrains, electronic control units, chassis parts, engine components, shock absorbers, brakes, and steering systems.

In July 2018, Hyundai Mobis developed an electronic power steering system that takes advantage of two electronic circuits during autonomous driving to maintain normal steering capabilities under any circumstances.

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lifeeconomypolitics · 2 years

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for first-year drivers from around $88,000 to a range of $95,000 to $110,000.Walmart is raising pay for long-haul truck drivers, a taxing job that is increasingly difficult for companies to fill. Walmart (WMT), (Walmart is the world's largest company by revenue, 560 billion $ per 2021)one of the few retail chains that runs its own trucking fleet, said it's raising the average starting salary for first-year drivers from around $88,000 to a range of $95,000 to $110,000. Walmart needs drivers to deliver goods to stores and e-commerce warehouses, as well as meet growing demand for customers' online orders. Walmart added more than 4,500 drivers last year, a record hiring spree for the company, which employs around 12,000 truck drivers. The latest pay bump will "help us continue to hire aggressively to meet all-time high demand from customers," a Walmart spokesperson said in an email. Walmart is also trying to hire new drivers internally. It started a three-month development program for its supply chain workers in select areas to earn their commercial driver's licenses and become Walmart truck drivers. A shortage of truck drivers during the pandemic has pressured supply chains. Around 70% of American freight moves on trucks, Turnover is high in the trucking industry and the job is notorious for its long hours, weeks spent away from home and low pay. It's also physically demanding. The median pay in 2020 for heavy truck and tractor-trailer drivers was $47,000, according to the latest Bureau of Labor Statistics data. Companies have raised pay to recruit drivers and stay competitive, but the trucking industry said last year it was still short 80,000 drivers. (at USA) https://www.instagram.com/p/CcEsxTcLXph/?utm_medium=tumblr

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heavyvehicleservices · 3 years

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Form 2290 for Tax Year 2021 – 2022, Due Now Renew it at www.simpletrucktax.com for only $6.95. It’s time for your 2290 tax form renewal, the heavy highway vehicle use tax is required to be paid annually to the IRS for every truck that drives on the public.

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vicky8588 · 3 years

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Shore Power Market

Market Overview

The Global "Shore Power Market" is expected to grow at a CAGR of 13.1% during the forecasting period (2021-2028).

Shore power saves the consumption of fuel that would otherwise be used to power vessels while in port and eliminates the air pollution associated with the consumption of that fuel. A port city may have anti-idling laws that require ships to use shore power. The use of shore power may facilitate the ship's engines and generators and reduce noise. Shore power or shore supply provides shoreside electrical power to a vessel at berth while its main and auxiliary engines are shut down. While the term denotes shore instead of off-shore, it is sometimes applied to aircraft or land-based vehicles (such as campers, heavy trucks with sleeping compartments, and tour buses), which may plug into grid power when parked for idle reduction.

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Market Dynamics

An increasing number of cruise liners in the shipping industry is the major driving factor for the market's growth. Since 2009, significant expenditures have installed shore power infrastructure at the marine terminals. The Port of Oakland's estimated project cost is approximately USD 60 million; the Port and private sector combined estimated cost for just the shoreside infrastructure is about USD70 million. Adding to this, Royal Caribbean invested USD250 million in the newly launched Terminal A at Port Miami to increase port capacity, and cruise lines have started to build out terminals.

Furthermore, 23.63 million passengers and 4.5 million crew disembarked cruise ships and visited during the 2014-2015 cruise year, spending USD2.45 billion and USD302.2 million, respectively, to the Caribbean and Latin American destinations. In 2015, Cruise line expenditures, including port fees and taxes, payments to local tour operators, and payments to local businesses for supplies and services, were worth USD400.8 million.

However, high costs for installation and maintenance are the key restraint hampering the market growth globally.

Market Segmentation

By Connection, the shore power market is divided into retrofit and new installation. The global Shore Power market size by YYY was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. A retrofit is an act of adding a component or accessory to something that did not have it when manufactured. Companies are offering a single interface for complete port electrification and grid integration that can be installed for new building projects or retrofit. ABB shore power connectors retrofitted on Three Holland America ships. ABB is playing a pivotal role in Holland American Line's goals of embracing new technologies to minimize the environmental impact of its fleet further. The premium cruise line will retrofit three of its vessels with ABB's innovative shore power connectors that allow the ships to draw on land-based electrical grids when docked in port.

By Component, the shore power market is segmented into cable & accessories, frequency converter, transformer, switchgear, and other components. Other components include auxiliary power systems and voltage stabilizers. The global Shore Power market size by YYY was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

The shore power market is classified into shipside and shore side by installation. The global Shore Power market size by YYY was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Geographical Analysis

The Asia Pacific shore power market was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The Asia Pacific is expected to grab a significant market share in the forecast period due to the large largest seaports, particularly in countries like India and China. Due to the heavy traffic in seaports, the installation and retrofit of shore power are expected to increase in the forecast period. For instance, India has 12 major ports Kandla, Mumbai, JNPT, Marmugao, New Mangalore, Cochin, Chennai, Ennore, V O Chidambarnar, Visakhapatnam, Paradip, and Kolkata, which handle approximately 61 % of the country's total cargo traffic.

Adding to this, the Government of India is also encouraging and supporting Green Port projects to reduce air and noise pollution in the country. For instance, The Indian Ministry of Shipping issued the Draft of its proposed Standard Operating Procedure (SOP) exploring shore power supply to ships in Indian ports under the national "Green Port" project to reduce air and noise pollution on important ports across India.

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Competitive Landscape

The Shore Power market is competitive with existing players in the market.

Significant players include ESL Power Systems, Schneider Electric, Smartplug, Blueday Technology, ABB, Cochran Marine, Smartplug, Vinci Energies, Cavotec, and IGUS.

In November 2019, Värtahamnen Port, in Stockholm, has launched the world's most modern and the largest shore power plant in wattage-terms in the Baltic Sea area, and they have come into operation very soon.

In February 2019, Juneau, a city in Alaska, announced that they are considering offering more shore power to cruise ships.

In August 2018, Port of Oakland announced that its shore power use hit an all-time high July 2018. 105 of 135 vessels visiting Oakland in July connected to shoreside electricity at berth.

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#Cable & Accessories #Frequency Converter #Transformer #Switchgear

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rjzimmerman · 3 years

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Excerpt from this New York Times story:

President Biden on Thursday announced a multistep strategy aimed at rapidly shifting Americans from gasoline-powered cars and trucks toward electric vehicles — a central part of his plan to reduce the pollution that is heating the planet.

Mr. Biden is first restoring and slightly strengthening auto mileage standards to the levels that existed under President Barack Obama but were weakened during the Trump administration. The new rules, which would apply to vehicles in the model year 2023, would cut about one-third of the carbon dioxide produced annually by the United States and prevent the burning of about 200 billion gallons of gasoline over the lifetime of the cars, according to a White House fact sheet.

The administration next plans to draft even more stringent pollution rules for both passenger vehicles and heavy-duty trucks that are designed to compel automakers to ramp up sales of electric vehicles.

Mr. Biden’s actions amount to an attempt to overhaul a major American industry in order to better compete with China, which makes about 70 percent of the world’s electric vehicle batteries. In an effort that blends environmental, economic and foreign policy, Mr. Biden wants to retool and expand the domestic supply chain so that the batteries that are essential to electric vehicles are also made in American factories.

Without a radical change to the type of vehicles Americans drive, it will be impossible for Mr. Biden to meet his ambitious pledge to cut planet-warming emissions by 50 percent from 2005 levels by the end of this decade. Gasoline-powered cars and trucks are the largest single source of greenhouse gases produced in the United States, accounting for 28 percent of the country’s total carbon emissions.

He also signed an executive order that calls for the government to try to ensure that half of all vehicles sold in the United States be electric by 2030.

In a signal of industry support, the president was joined on the South Lawn by the chief executives of the nation’s three largest automakers, as well as the head of the United Auto Workers. The automakers pledged that 40 to 50 percent of their new car sales would be electric vehicles by 2030, up from just 2 percent this year, on the condition that Congress passes a spending bill that includes billions of dollars for a national network of electric vehicle charging stations, as well as tax credits to make it cheaper for companies to build the cars and consumers to buy them.

#auto emission standards #electric vehicles #President Biden

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groundheater · 3 years

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Why Getting Heavy Equipment Rental is a Good Idea

There’s a myriad of construction equipment available in the market. With the recent trend of development, your construction business may have an abundance of projects. This is why we recommend that you go for a long reach excavator rental if you need equipment. Excavators are essential equipment for your projects and renting them out helps your business to thrive. Keep reading to know how a rental can help you out!

What is a long reach excavator?

A long reach excavator is a machine that has an extended jib between the body and the working arm. It's powered by the oil cylinder, and the long arm has an attached operating system. This system allows for the free movement of the oil cylinders. A long reach excavator has a reach that is double that of a normal excavator. It can go higher, deeper, and further in distance. The improvements are made for minerals, docks, storage, and emergency rescue. These machines are easier to operate and have better safety standards than their counterparts. You can find them easily at a firm providing heavy machinery for rent online.

Why is renting a better option?

Heavy equipment involves a high investment that you’re required to make. If you’re functioning in another area but have projects in Pittsburgh, an excavator rental in Pittsburgh will be beneficial for you. It allows you to avoid the initial purchase cost of the machine. This cost is replaced with a fee for the rent. You can pay this on a monthly or a yearly basis according to your convenience.

A rental firm takes care of the maintenance and repair costs that are involved. If you purchase heavy equipment, the cost extends to their servicing and maintenance at periodic intervals. However, rental firms take care of these costs for you. It's a better deal as it also involves less paperwork to deal with. These firms also provide equipment like a ground thaw machine that you can hire.

Another advantage that we'd like you to notice is that the machinery you rent out is not considered an asset. It's recorded as a business cost instead. This makes all the difference in the world when it comes to calculating your taxes. Firstly, a rented machine is a business expense and is written off. Contrary to this, a machine you've bought is an asset, and you have to look out for its depreciation. Thus, renting has major cost-benefits!

That's not all there is though. Renting wavy equipment solves your issues of storage. Rental firms have local depots where this equipment is stored. Thus, you don't need to invest in a separate warehouse.

We recommend getting an excavator and other heavy equipment from OEC Rentals. They have a plethora of products for you. You’ll also find an articulated dump truck for hire along with excavators from the firm. Get online and check their website out to rent out heavy equipment at affordable rates. The company offers heavy equipment from brands like CAT, Morooka, Volvo, John Deere, etc.

Source: https://heavyequipmentrentalpittsburgh.blogspot.com/2021/11/why-getting-heavy-equipment-rental-is.html

#articulated dump truck for hire #ground thaw machine #excavator rental in Pittsburgh #long reach excavator rental #heavy equipment rental

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taxguru-chloe · 3 years

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e-File 2290 Form Online with the IRS

Every year, truckers, owner operators and trucking companies file form 2290 for using the American highways. Vehicles that weigh 55,000 pounds or more and have crossed 5,000 miles in a given tax period must file form 2290 and pay the Heavy Highway Vehicle Use Tax or the HVUT tax.

It is important to file your HVUT tax as you will receive an IRS watermarked Schedule 1 which acts as a proof of tax payment. Without the Schedule 1, users cannot update their vehicle registration and tags at the DMV.

When is the due date to e-file 2290 form?

There are mainly two scenarios that determine when you should start filing your form 2290 online. In the below section you can find the scenarios that determine the due date for filing your form 2290 online.

1.If you have been using your heavy vehicle continuously over the years:

In such scenarios, the due date for filing your form 2290 is August 31st of every year. The tax filing season begins on 1st of July 2021 and ends on the 30th of June 2022.

2.If you have recently purchased a truck or started using your truck recently. New trucks are registered every day in the US. If a truck is purchased in any month other than July, the user needs to file form 2290 and pay the HVUT tax within 30 days of the vehicle’s first use month. The

According Form 2290 IRS instructions, the due date for the newly used truck would be the last day of the month following the month of first use. For example, if you started using your heavy vehicle on the 1st of February then the due date will be on the 31st of March. Filing your form 2290 before the due date will ensure zero penalties for your truck.

#2290 due date #form 2290 online #trucking industry #e-file 2290 #road tax #irs form 2290 #form 2290

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medicalresearch · 2 years

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Automotive Steering System Market Forecast to 2028