Alternative Fuel Cars Feasibility Analyze
Alternative Fuel Automobiles Feasibility Examine
As a innovator in the local rental vehicle market for the past 30 years, ABC Vehicles has continuously remained one step ahead of the competition. To continue to create the speed for other rental companies to follow, also to ensure FONEM Rental Cars' dominant situation in the marketplace, alternate fuel vehicles (AFV), or even more specifically, cross types vehicles, must be evaluated as to the feasibility and consumer curiosity of launching these types of cars into our fleet.
Currently, gas prices have reached an all-time high. The United States' dependency upon foreign olive oil is also in a extremely higher level, and with the ever-shifting Middle Asian political local climate teetering by volatile levels, hybrid cars are an significant avenue to become considered. Whilst hybrid car sales currently lag behind sales of conventional cars, J. Deb. Power & Associates, an industry research organization, estimates that hybrid motor vehicle sales will increase to five hundred thousand by the 12 months 2006. Additionally , nearly 20 new types of hybrid autos, SUV's, and trucks will be rolled out to consumers in the next few years (Mossy Automotive Group, 2004). ABC Rentals can reap the rewards of providing these kinds of vehicles to its consumers, provided the price associated with this method is mutually beneficial to both parties.
Primarily, the types of energy sources that are available should be researched to look for the viability of introducing cross types vehicles into our fleet. While there are several options of substitute fuels offered, most are not practical. The fuels assessed included gas, biodiesel, electrical power, ethanol, Fischer Tropsch, liquefied natural gas, methanol, and lp. Ultimately, the study concluded that the only practical, cost-effective, and attainable fuel currently available is electricity, when utilized in the cross concept. There are many vehicles involving electricity. The most used concept is used in cross types vehicles. These types of vehicles come with an electric motor, with a separate gasoline motor. One of the benefits is fuel economy. According to a EPA record, hybrids " can a lot more than double the gas mileage of conventional gas or diesel-powered cars. " Also, this use of energy reduces emissions because gas consumption can be reduced. Following, the fuel motor costs the battery pack as the automobile is running, nullifying the advantages of recharging stations. Ultimately, the most practical gasoline that can be regarded as at this time can be electricity combined with gasoline, that is used in crossbreed vehicles. (EPA, 2003) As a method to measure consumer interest in these types of automobiles, we likewise needed to research our opponents to distinguish if hybrid vehicles would be a functional addition to each of our fleet. At the moment, EV Rental Cars is the only company in the usa to hire hybrid automobiles to the public. At this time, there are a total of eight places with cross types vehicles: 4 locations in California: Oregon, Burbank, Ontario and Hillcrest, one position in Phoenix, Arizona, two locations in Virginia: Dulles and Arlington, and one out of Washington G. C. Challenging locations above in mind, ELECTRONIC VEHICLES Rental Cars has exploded in fast size to more than 400 cars through the eight different locations (www.evrental.com, 2001). Among the vehicles available to rent for EV Renting is the Toyota Prius, which is a full size relatives sedan. This kind of vehicle rents for $49. 99 every day, or $299. 94 each week, and EV Rentals offers 150 free of charge miles every day and. 25/mile thereafter (www.evrental.com, 2001). The Prius achieves 60 mpg in the metropolis and fifty-one mpg on the road (autos. askjeeve. com, 2004). Comparatively, Honda has introduced the Honda Information, which in the rental automobile industry is considered a standard size car, and the Honda Civic hybrid, which is considered to be a compact car. Both of these cars are offered by EV Leases at a similar price for the Toyota Prius (www.evrental.com, 2001). The Honda Insight achieves an EPA highway distance of sixty six mpg and 60...
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