WASHINGTON, July 19, 2017 /PRNewswire-USNewswire/ -- Consider the following about the domestic manufacture of diesel technology and the economic benefits generated by diesel technology:
- Over 740,000 diesel engines were manufactured in facilities in 14 states, in 2016. These engines power everything from pickup trucks to large marine workboats and locomotives.
- $455 billion in economic wealth was generated in the U.S. production of diesel technology, encompassing engines, components, emission control technologies and clean diesel fuel (2009).
- Half of all economic sectors in the U.S. are reliant on diesel technology to move people and goods and perform work.
- The manufacture of U.S. made diesel technology supports 1.25 million jobs while wages in the diesel technology producing sector pay 60% higher than the national average.
- 95% of heavy-duty commercial trucks on U.S. roads are manufactured in the U.S. Thirty percent of these trucks are 2011 and newer models.
- Diesel technology is an export powerhouse, with $46 billion of U.S. made technology reaching markets overseas.
- The U.S. Energy Information Agency predicts that, thanks to new found oil and gas reserves, the U.S. will be a net energy exporter in the coming years. Expanding production and exports of oil and gas products, including ULSD, is expected to grow employment in the sector to 1.3 million jobs, according to the American Petroleum Institute.
- Looking at just the construction equipment industry, the Association of Equipment Manufacturers recently concluded that the production of construction equipment will offer many Americans a well-paying job and benefit communities across the country: 1.3 million jobs and $158 billion in economic value. In fact, the average wage in the industry exceeds the national average paying workers about $78,000 per year.
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The Diesel Technology Forum is a non-profit organization dedicated to raising awareness about the importance of diesel engines, fuel and technology. Forum members are leaders in clean diesel technology and represent the three key elements of the modern clean-diesel system: advanced engines, vehicles and equipment, cleaner diesel fuel and emissions-control systems. For more information visit www.dieselforum.org.
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SOURCE Diesel Technology Forum
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