Lotus Car Rental (LCR) is on the move to making a very wise decision. LCR has successfully operated its business for a number of years. Today’s competition among Budget Car Rental, Avis, and Enterprise does not measure up to the services and advancement that LCR has displayed. With consumers making more advances toward environmentally friendly cars, alternative fuels for vehicles are a better choice. The assessment prepared for the Chief Financial Officer will display four primary components which will emphasize solid reasons for this decision to proceed. The components discussed are the pros and cons of alternative fueled vehicles, the availability of alternative fueled vehicles, and the cost comparison between hybrid and traditional gasoline powered vehicles.
Pros of Alternative Fueled Vehicles
There are several advantages to using alternative fuels or hybrid vehicles in a rental fleet. Some of these are company image, reduced spill hazard, and economic benefits. When considering the air quality an alternative fueled vehicle has lower emission levels than the traditional gasoline engine. Generally speaking, when a vehicle is first started the emissions released are at their highest for a gasoline engine. A vehicle that runs on natural gas creates a very low release of carbon while a hydrogen powered vehicle only produces water as a byproduct.
The company image is linked to the go green movement throughout the country. If it can be shown to potential customers the environment is a major concern, it may bring more business. Alternative fuel vehicles are linked to improved air quality, renewable fuel sources, and decreased dependence on imported oil. When the vehicles produce lower emissions, they lower the company’s carbon footprint. The fact that alternative fueled vehicles and hybrids use fewer oil products also helps to reduce the national dependency on imported oil. With the air quality and oil