Public-Private Partnerships Fuel Innovation in Medium- and Heavy-Duty Trucks
Federal investment in scientific discovery and technology is vital to maintaining U.S. economic leadership globally and in growing key emerging sectors such as clean energy
The nation’s economy depends on shipping: As much as 80 percent of goods in the United States are moved by truck. So development of technologies that reduce fuel consumption and cut costs helps U.S. companies be globally competitive.1 By combining government investment with national experts and facilities, the Department of Energy’s Vehicle Technologies Office (VTO) facilitates public-private coalitions that provide technical and financial assistance to stakeholders interested in promoting the production, purchase, and installation of vehicle innovations. Leveraging these partnerships strengthens U.S. competitiveness in important industries such as clean energy, for which the global market is likely to reach $7 trillion over the next two decades.2 Transportation improvements, especially in medium- and heavy-duty trucks, are essential if the United States is to meet national emissions goals while saving businesses and consumers money.
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- 21st Century Truck Partnership, “Roadmap and Technical White Papers,” February 2013, http://energy.gov/sites/prod/files/2014/02/f8/21ctp_roadmap_white_papers_2013.pdf.
- U.S. Department of Commerce—International Trade Administration, “Renewable Energy Top Markets for U.S. Exports 2014-2015,” February 2014, http://export.gov/build/groups/public/@eg_main/@reee/documents/webcontent/eg main_070688.pdf.