Financial Assessment for Lotus Car Rental

Adding Alternative Fuel Vehicles (AFVs) to the Fleet Alternative Fuel Vehicles (AFVs) should be an master(prenominal) factor when purchasing new vehicles for Lotus machine terminal of a contracts fleet. Ameri stubs are concerned almost the environment and racy gas prices at the pump. Lotus Car Rental abide respond to these concerns and accommodate customers by whirl AFVs. With the addition of alternate(a) fuel vehicles, Lotus Car Rental could receipts in many different areas such as fling environmentally responsible technology, benefiting from selection fuel incentives and tax credits, and scenery a high standard for other rental companies. additional benefits involve positive publicity, a product differentiator, and the potential for higher(prenominal) wage margins. Overview of Alternative Fuel Vehicles Alternative Fuel Vehicles pee the world military force to engagement several attributes of alternative fuels depending on the technology and type of vehic le. Alternative fuels overwhelm biodiesel and blends of traditional and alternative fuels in vary percentages. Electricity is considered an alternative fuel since power is used to vex the batteries that power the motors in electric vehicles. another(prenominal) types of alternative fuels include ethanol, hydrogen, methanol, and several other types of fuels and gases (Gable & Gable, 2007). Alternative fuels can offer reductions in emissions of regulated air pollutants, air toxics, and glasshouse gases relative to throttle (Langer & Williams, 2002). On January 23, 2007, President Bush delivered the resign of the Union palm that was dedicated to broadening the unite States use of alternative fuels, biofuels in particular. Included in the address was a proposal for the joined States to use 35 billion gallons of renewable and alternative fuels by the year 2017. If this goal is achieved, the gasoline economic consumption would reduce by 20% in the next 10 years and prol ong up to 8.5 billion more gallons of gasoli! ne by 2017. The United States would be less dependent on foreign anele and...If you want to get a beneficial essay, order it on our website: OrderEssay.net

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