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Assessment on the Feasibility of Adding Alternative Fuel Vehicles to the Fleet of Lotus Rental Cars - Term Paper Example

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The author states that to survive in the competitive and changing business of car rental, Lotus Rental Car has to come up with the appropriate ways to reduce their operational costs, conserve the environment, and increase customer experience and profitability…
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Assessment on the Feasibility of Adding Alternative Fuel Vehicles to the Fleet of Lotus Rental Cars
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Download file to see previous pages With the increased depletion of oil resources and increased gas prices, Lotus Rental Car will gain from adding alternative vehicles to its fleet of cars. The alternative fuel vehicles will not only save the company from the gasoline crunch it will save the customers too. This will make the company pocket-friendly and in return increase business. Based on these, the CFO of Lotus Rental Cars should consider adding fuel alternative vehicles to the fleet.

The introduction of alternative fuel vehicles has proved efficient and has had immense benefits for the environment. The addition of alternative fuel cars to the fleet will enable Lotus Rental Cars will be complying with the Energy Policy Act of 1992 (EPAct) that called for reduced consumption of gasoline and diesel in automobiles in America. Coupled with the hard economic times, the addition of alternative fuel cars to the company’s fleet makes economic sense. Alternative fuel vehicles have become popular because of rising fuel costs and toxic gas emissions. Alternative fuel vehicles help in the reduction of pollution and toxic gas emissions.

There have been legislative policies in the U.S that have been instituted to help in reducing pollution and increase fuel efficiency. When fully implemented, these laws will affect the car rental industry especially companies that are not compliant. Besides the Energy Policy Act of 1992, the Clean Air Act of 2002 has also played a pivotal role in the need to include alternative fuel cars to the fleet of Lotus Rental Cars. The Clean Air Act advocates for the production and use of new and alternative fuels that burn better than gasoline. The increased demand for alternative fuel vehicles has also been compounded by the effects of global warming. People are getting more concerned about the environment and the need to conserve it (.Augustine, Sandidge, & Williams, 2011). To this end, consumers want to be associated with more proactive companies; companies that comply with regulations and care about the environment. ...Download file to see next pagesRead More
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