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 Car term of a contracts fleet. Ameri stubs are concerned about the environment and racy gas prices at the pump. Lotus Car Rental can respond to these concerns and accommodate customers by offering AFVs. With the addition of alternate(a) fuel vehicles, Lotus Car Rental could benefit in many different areas such as offering environmentally responsible technology, benefiting from alternative fuel incentives and tax credits, and setting a high standard for other rental companies. Additional benefits involve positive publicity, a product differentiator, and the potential for higher wage margins.
Overview of Alternative Fuel Vehicles
Alternative Fuel Vehicles have the world power to use several attributes of alternative fuels depending on the technology and type of vehicle. 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. Other 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 greenhouse gases relative to gasoline (Langer & Williams, 2002).
On January 23, 2007, President Bush delivered the State 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 usage would reduce by 20% in the next 10 years and prolong up to 8.5 billion more gallons of gasoline by 2017. The United States would be less dependent on foreign anele and...If you want to get a full essay, order it on our website: Orderessay



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