If the nickel metal hydride batteries aren?t disposed of properly, there could be environmental side effects. Who will fix these cars? Currently, a hybrid will have to be brought back to the dealership for maintenance and that could prove to be more expensive than a private mechanic. However, as hybrids become more popular and costs drop, so will the associated maintenance fees. With the benefits weighed against the drawbacks, it is clear that hybrid vehicles are a plausible measure in controlling greenhouse emissions.
By rising the high taxes on fossil fuels make alternative fuels like bio diesel or electric batteries more attractive. Taxes puts pressure on the consumers and producers when it comes to prices... when it comes time to change more fuel efficient products and process. People say that the transportation fuel taxes are a regressive tax, because the low income people seam to pay more of a proportioned with respect to their income, and transportation (to work and school) is not always an avoidable expense. The price equilibrium goes up while the quantity demanded equilibrium goes down. The taxes decreases supply in order to keep the demand level.
Another solution that is becoming more common, is the use of ethanol fuel. This is safer for our environment, but it is not 100% ethanol, thus it pollutes the air as well. The best way to clean up the environment that I can see is to switch to the use of electric vehicles. Currently electric vehicles are only available by lease. So, I suggest that the money the federal government gets from collecting more gasoline tax, should go toward the research of electric vehicles.
On the other hand, private companies have a profit incentive and will do jobs at the lowest cost, which eliminates waste and inefficiency. Their administration will improve and non-development expenditures will be reduced. 2.1.2 Decrease in Political Pressure It is argued that government makes poor economic managers. Political pressures rather than sound economic and business sense motivate them (Pettinger, 2011). These illegal pressures can be reduced to a great extent in the hands of private owners.
Mining companies will offer bribes or payouts to government officials in order for them to stay quite on an issue. This makes the mining company appear to be in compliance with regulations even though this is not in accordance with the citizenship principle due to the corruption involved. Mining companies use corruption as it is cheaper then fixing compliance issues that arise. The problem has become more common in Africa recently because standards have been driven down as a side effect of reforms to encourage foreign investment (Campbell 2012). Once a government official is corrupt they then ignore any issues that come about.
In advance they have built a budget for this. Environmental & Social Even environmental and social link in this case study of PESTLE Analysis factors. For the example of CO2 emissions, is an Environmental ingredient which has Political & Legal influence, it has an Social impact in the UK culture where the customer is more Green consumers they like to use the goods and services which are more eco-friendly which also have less impact on the environment study case
One example of this kind of damage to the environment is acid rain. The costs to take care of pollution are difficult to evaluate, but are funded by the public in an attempt to make the environment better. Nevertheless, recycling does saves energy, since it also cuts down on pollution released by factories, and the corporations. At any time that energy is being used, the cost of producing pollution is authorized to energy consumers in their utility statements. This lead to the new clean air law, that utility firms must abide by with more strict standards in cutting pollutants that are released into the air while generating energy.
On the other hand, a mounting number of legally binding environmental policies, which may lead to substantial taxation if companies are substandard, have been imposed on the automotive industry. Driven by regulations, automotive companies will tend to proactively improve their environmental performance for tax deductibility to reduce their capital expenditure (Hall, 2010). Despite additional investments required to concretize environmental concerns, these CSR measures can still benefit automotive companies by reducing substantial
The Clean Development Mechanism (CDM) would encourage developed states to build renewable energy projects in developing states because they would earn carbon credits which they could sell on the Cap and Trade carbon market. CDM would also lower the cost of renewable energy because on top of the sale of energy companies would also profit off the carbon credits (Snow 133). These measures could effectively address climate change internationally because they would limit the span of different interests among parties.
Recycling is a key political factor BMW must abide by to ensure a safer, more clean environment. 3. Government authorities may apply heavy taxation in order to prevent the automobile industry from abusing fossil fuel and CO2 emissions. Hence, the production of a hybrid car especially the i8 would come as a remedy and solution for such factors. Cultural/Social Factors The i8 is a symbol fuel efficiency and environmental awareness.