...Hybrid Cars Let us go green! If one was to walk into a supermarket or even look at a street curb in a suburban area there would be something signifying a green environment. Researchers and others are looking for many ways to make the environments we live in safer and cleaner. A huge aid in the amount of pollution that is put into the environment is caused by what many would say is essential to life, a car. One of the big solutions researchers have come up with to reduce the amount of pollution and stepping into a greener society is the use of hybrid vehicles. Hybrid vehicles are a good solution to a green society with a few adjustments to be made in order to be an even better solution. In order to find out how green a hybrid vehicle is depends on the type of environment a person live in (Moyer 1). After a long day of driving the battery pack must be recharged for the next day. This is done by a power plant near by (Moyer 1). Places where natural gas is the primary source of energy will have a better experience with hybrid vehicles being a solution to being green (Moyer 1). Using natural gas will decrease carbon dioxide emission by at least 40 percent, however if coal is the primary source in the environment more carbon dioxide is released into the environment (Moyer 1). This small problem with the environment is one of the few reasons using hybrid vehicles is not a universal solution to a green society. In attempt to find a solution for pollution many other benefits came...
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...alternative fuel vehicles to the fleet. This analysis will cover the Energy Act of 1992 concerning the alternative fuel sources, explain the pros and cons of using alternative fuel technology such as Hybrids, Battery power, Diesel, Biodiesel, and Natural Gas, and also the factors that will impact the American people having to find resources easily, which can be difficult. Energy Act of 2005 As early as 2005 the United States knew that we could not rely on fossil fuels indefinitely and did not want to rely on foreign oil. The Energy Act of 2005 sec 301 defined what the Alternative Fuels are: Ethanol, Biodiesel, Propane, Natural Gas, Hydrogen, and Electricity are all naturally produced domestically in the US. Currently the US has learned that burning gasoline is bad for the environment, and when you burn gas you create bi products such as Carbon Dioxide, Nitrous Oxide. According to an EPA study the Green House gasses that affect out atmosphere are made up of 82% Carbon Dioxide, 3% Fluorinated Gas, 6% Nitrous Oxide, and 9% Methane.(Refer to graph 1). Overview of Green House Gases EPA.gov As you can see the bulk of the emissions are carbon monoxide and carbon dioxide. The global goal is to reduce the amount of carbon emissions in the world, not just in the US. The goal is to create a smaller carbon footprint on the planet Earth and slow down the rate of global warming. Pros and Cons of alternative fuels Hybrids Hydrogen...
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...Alternative Fuel Vehicles: While the benefits of adding alternate fuel vehicles to a rental car company’s fleet cannot be ignored; however, there are some drawbacks. When considering alternative fuel vehicles the first issue is always the cost. According to Edmunds, Inc. (2012), "Generally, a hybrid vehicle can be as much as 20 percent more expensive than its counterpart powered by a conventional gasoline engine” (Price). Consideration must then go to how long will the company have to keep the vehicle in service to recoup the original costs. Typically vehicles are retained for 1-2 years or when the original manufacture’s warranties end due to mileage limitations. We do conduct maintenance while under the manufacture’s warranties. However, the excessive cost of maintenance once the warranty is over and it does not make good business sense to keep vehicles longer. Therefore, return on investment in a short period of time now becomes a serious consideration. Since our customers vary in the types of vehicles they need, we need to look at everything form a compact vehicle to larger sport utility vehicles. As previously mentioned, the cost of either class of car is some 20 percent more and therefore our initial outlay of funding would increase. The Edmunds, Inc. (2012) states “payback” costs for hybrid vehicles can be anywhere from a few years to decades. An issue warranting further consideration is the costs of operating hybrid vehicles. Aside from...
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...Ford Ford Motor Company is a famous brand in the world which is an American multinational automaker since 1903. Ford Motor Company focuses on creating a strong business that builds great products that contribute to a better world. Ford and Toyota are the first companies manufacturing hybrid system. Ford and Toyota agreed on a patent sharing accord which granted Ford access to certain hybrid technology patented by Toyota, in exchanging Ford licensed Toyota gain some of their own patents. PESTEL PESTEL analysis stands for "Political, Economic, Social, Technological, Environmental, and Legal analysis". It is used to describe a framework of macro-environmental factors used in the environmental scanning component of strategic management. Political Political factor means analyzing the local government policies that may affect your own business, which include law, tax, and guidelines. Firstly, taxation is the factor that can directly affect the price of the vehicles. Taxation is set by local government which is an amount of money that the citizen needs to pay to the government and it is set in a percentage. This money paid to the government is going to spend to maintain the social welfare, government department running and military affairs. For instance, import duty, license tax, and the fuel tax are the major tax of Hong Kong in that industry. Monetary policies is the policy of exchange rate in a country, this may affect income of Ford. For example, if the production line is set...
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...benefits 4 Picture 2.2.1: EV Environmental benefits 5 3. Economic benefits 5 III. The disadvantages of using an electric car 6 Conclusion 7 Introduction The electric car was one of the most innovative technologies to be constructed, and it gave new light and opportunity for the world and the people in it. It is unclear about who you could give credit to for inventing the electric vehicle, but there were several inventors who decided to take part in this incredible structure. It was invented as a small scale model powered car in 1828, and it was designed popular by Anyos Jedlik who was from Hungary. Robert Anderson also was another inventor who created an electric power carriage, and these inventions led to more opportunities for inventions. Before the electric vehicle was really implemented in the 21st century, pollution and many hazards of fuels were destroying many natural resources, but it has dramatically changed since the car was officially introduced. Cost and energy efficiency was a major reason why it had to be introduced to the world, by hopefully going green and reducing pollution. I. How is an electric car different from a normal one? The motors of those cars are also different. As its name indicated, an electric car is power-driven by electricity instead of gas. There is no gas tank but batteries instead to save power. Just as phones, electric cars are charged on domestic outlets and discharged steadily as the car is driven. Cars using gas...
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...rising gas prices is a good thing. Most people see gas prices as a thing to hate but in reality it leads to major innovations. Not just better cars but a better environment. The future automotive industry is fueled by the cost of gas. If gas prices stayed low no one would do anything to change and make the future better. Rising Gas Prices: A Better and Cleaner Earth Everyone fells the pain of rising gas prices, but what most people don’t see is the good side. The more gas cost the less people will want to use it. This will lead to better fuel economy, alternate means of travel and ultimately to alternative fuel sources. Rising gas prices will ultimately be one of the greatest environmental events in the history of the human race. Gas prices have been rising for several different reasons including government regulation, low supply from refineries and low supply of crude oil. Gas prices are increasing at an alarming rate; according to the Department of Energy (2007, May 14), the current national average is $3.10. The price has increased over 43% from 2005. The price of one barrel of crud is above $60. These rapid rises in gas prices have already caused changes to the minds of Americans. According to AAA, US travelers will not be traveling as far as previous years, travelers are taking shorter trips closer to home (as cited by CNN, 2007). AAA also said Americans will still be going on vacations despite the gas price being so high. And they also say that prices will...
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...Hybrid Cars IQP A Study on Hybrid Cars: Environmental Effects and Consumer Habits An Interactive Qualifying Project to be submitted to the faculty of Worcester Polytechnic Institute in partial fulfillment of the requirements for the Degree of Bachelor of Science. Submitted By: Michael Beliveau James Rehberger Jonathan Rowell Alyssa Xarras Submitted to: Submitted: 28 April 2010 Project Advisor: Prof. Chickery Kasouf 1 Hybrid Cars IQP Table of Contents List of Figures ................................................................................................................................................ 4 Abstract ......................................................................................................................................................... 5 Executive Summary ....................................................................................................................................... 6 Chapter 1. Chapter 2. Introduction .......................................................................................................................... 9 Literature Review ................................................................................................................ 12 2.1 Environmental Effects ....................................................................................................................... 12 2.2 Emissions ............................................
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...production techniques during early 1910s. The Japanese soon followed by offering lean production techniques in the 1970s. Riding high on economical revival in many developing countries in Asia and Europe, the industry’s global output touched 64.6 million vehicles in 2005. But with a downward slide in market share, the Big Three was fast losing their dominant position to Toyota, Honda, and Nissan, thereby setting the ground for the emergence of New Six. Meanwhile UK, served as the single largest customer for European auto-makers. Japanese players were the leaders in the light vehicle market and hybrid market. China and India attracted the attention of global auto-makers, vying for setting up a cost-effective export base for meeting the demand from Asian markets. Despite government controls, Chinese market boasted of sales of more than 2.7 million commercial vehicles in 2004. With reports of highest growth in mobility in the world at 3% per annum, further surge in demand was anticipated from Chinese market. A booming economy and a low interest regime helped India to make its mark in the automobile sector in 2004, with sales figures exceeding more than 1 million in the passenger car segment for the first time. The sale of commercial vehicles showed a record growth of 29% over 2003. Foreign auto-makers such as Mercedes Benz,...
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...nt ------------------------------------------------- Enterprise Rent a car: Green Taxi ------------------------------------------------- Enterprise Rent a car: Green Taxi Student: Nguyen Phuong Duc Class: FB3A Lecturer: Nguyen Thu Thuy Student: Nguyen Phuong Duc Class: FB3A Lecturer: Nguyen Thu Thuy Student name: Nguyễn Phương Đức Class: FB3-A Enterprise Rent A Car – Green Taxi Table of Contents I. Enterprise Introduction........... . .... ........ 2 II. Enterprise Analysis3 1. SWOT 2. PEST 3. 5 Forces III. Market Penetration Strategy7 IV. Human Resource Plan12 V. Marketing Plan19 VI. Financial Plan22 VII. Conclusion2 I. Executive Introduction. Green Taxi is a Vietnam based company, whose mission is to provide reliable, timely, environment protective and safe taxi services by using modern electric car for providing services. The company will establish its presence in the industry by attack in a new way of service providing, the first time presence in Vietnam – EV taxi (Electric vehicle). Green Taxi will provide complete taxi services using the latest equipment and technology to facilitate the travel of individuals in and around Danang and Hanoi. The company's products and services show that we are an innovative, forward thinking company that recognizes the need to move with...
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...youth needs to play an important role in promoting oil conservation. India is country of rich cultural heritage as well as it is rich in resources essential for a comfortable living. Such resources also include the oil resources such as petroleum and diesel which are essential resources for transportation but these resources are exploited today to extreme. Conservation of these resources is necessary so as to enjoy and live life comfortably. As Mahatma Gandhi said “the earth has enough to fulfill the need of everyone but not enough to fulfill the greed of anyone” Following the agenda of sustainable development , youth can take many steps like carpooling that is 3-4 people travel together to same place in the same vehicle instead of going in different vehicles also we can travel to places through public transport and also we can sometimes travel to places through cycles or just walk...
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...The industry and its ever changing climate has been endured and survived by 3 major American companies, a handful of companies originating in Japan, and a few higher-end manufactures in Europe. The industry has seen its fair share of changes over the decades, mostly consumer driven, but not limited to. The highway system and most of the safety innovations we have seen over the century have been direct results of the automobile industry (FEDERAL MOTOR VEHICLE SAFETY STANDARDS AND REGULATIONS U.S., 2011). The automobile industry today is much the same, with companies competing to provide consumers with the lasts in driving technology. One of the biggest variables throughout history has been the ever climbing cost of fuel. The growing concern for eco-friendly vehicles and fuel has created a new section of consumers within the automobile realm. The high economic and political hurdles involved in developing a new company within the auto arena make the possibility of new competition from new companies a rare possibility (EPA Vehicle Standards and...
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... 02/14/2011 Change In General Motors General Motors Corporation was founded by William Durrant in 1902, since their conception they have produced nearly 450 million vehicles globally. The goliath corporation operates in virtually every country in the world. Up until the past decade GM was enjoying rapidly growing sales and revenues across the board. However, with the current economic meltdown the ability to capture and sustain marketshare while add to their bottom line has shown to be more than challenging. Through this global economic crisis business leaders are left no choice but to make critical decisions that will enable their corporations to survive. Change is prevalent and management has no choice but to face the fact that they have got to change in order to survive. I think changes will have to be made in all functions of business such as structure, wages, marketing, branding, logistics, management style, and technology. The auto industry today employs about ten percent of the workforce. This means that 1 out of every 10 Americans are tied to the auto industry in some function whether they are suppliers, dealers, consultants, accountants, auditors etc. GM is also one of the largest purchasers of U.S. steel, aluminum, iron, copper, plastics, rubber, electronics, and computer chips. The reality is that if GM can’t make a turn around and start posting profits the other businesses that thrive by supplying services to support GM’s operations or sell their products will...
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...Pugh 5/24/2010 Change In General Motors General Motors Corporation was founded by William Durrant in 1902, since their conception they have produced nearly 450 million vehicles globally. The goliath corporation operates in virtually every country in the world. Up until the past decade GM was enjoying rapidly growing sales and revenues across the board. However, with the current economic meltdown the ability to capture and sustain marketshare while add to their bottom line has shown to be more than challenging. Through this global economic crisis business leaders are left no choice but to make critical decisions that will enable their corporations to survive. Change is prevalent and management has no choice but to face the fact that they have got to change in order to survive. I think changes will have to be made in all functions of business such as structure, wages, marketing, branding, logistics, management style, and technology. The auto industry today employs about ten percent of the workforce. This means that 1 out of every 10 Americans are tied to the auto industry in some function whether they are suppliers, dealers, consultants, accountants, auditors etc. GM is also one of the largest purchasers of U.S. steel, aluminum, iron, copper, plastics, rubber, electronics, and computer chips. The reality is that if GM can’t make a turn around and start posting profits the other businesses that thrive by supplying services to support GM’s operations or sell their products will...
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...manufacture, marketing, and sale of motor vehicles. In 2007, more than million motor vehicles, including cars and commercial vehicles were produced worldwide. In 2007, a total of 71.9 million new automobiles were sold worldwide: 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million in USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa. The markets in North America and Japan were stagnant, while those in South America and Asia grew strongly. Of the major markets, Russia, Brazil and China saw the most rapid growth. In 2008, with rapidly rising oil prices, industries such as the automotive industry, are experiencing a combination of pricing pressures from raw material costs and changes in consumer buying habits. The industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage. The United States is the world’s largest consumer market for light vehicles, passenger cars and light trucks. The United States auto industry is dominated by the Big Three or General Motors, Ford Motors and Daimler/Chrysler. These three account for roughly a little over half of the production of cars and light trucks in the industry. What has currently started to happen in the recent years is that the Big Three are starting to lose market share to other rivals within the industry. In 2006 the Big Three accounted for 41.5% of light vehicle sales when compared to the top three...
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...General Motors Corporation Restructuring Plan for Long-Term Viability Submitted to Senate Banking Committee & House of Representatives Financial Services Committee December 2, 2008 TABLE OF CONTENTS Page 1. INTRODUCTION ...........................................................................................................4 2. BACKGROUND .............................................................................................................6 3. THE PROBLEM ..............................................................................................................7 4. CONSEQUENCES OF FAILURE ..................................................................................8 5. TEMPORARY FEDERAL LOAN ..................................................................................9 5.1 Capital Structure Considerations ...........................................................................11 5.2 Stakeholder Considerations ...................................................................................13 5.3 Loan and Funding Protocol ....................................................................................14 5.4 Taxpayer Protections .............................................................................................14 5.5 Shareholder and Management Sacrifices ...............................................................15 5.6 Corporate Aircraft .......................................................................................
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