A staggering earthquake and tsunami, and the resulting nuclear plant emergency, have major implications for the energy sector from Japan, the world's third largest economy and fifth largest energy user. Nuclear power plants, along with coal-fired plants, were badly damaged, removing a part of the country's electricity source. Liquefied natural gas may need to provide the needed power plant energy.
Local fleet drivers tend to encounter more risks than over-the-road counterparts, possibly increasing their insurance liability. Experts say technology and employee training can help cut claims.
Cars in this year's season opener of the American Le Mans Series, the Mobil 1 Twelve Hours of Sebring, used 28.3% less oil/petroleum than race cars used before the Series began exclusively using alternative fuels in 2007. All cars compete in the series using one of five approved alternative fuels or energy sources, and push forward innovation and clean technology to the automotive industry.
Although qualifying for a $7,500 tax credit, it may take more to lift the Volt's anemic sales of 326 in December, 321 in January and 281 in February. The vehicle is only getting about 25 to 50 miles on the battery, and the fuel-fired engine drives the wheels at highway speeds or the battery is low. The Volt is currently priced to sell at around $43,000.
Sonic Automotive says it can focus more on used vehicles if import supplies start to run low due to the earthquake in Japan. But the company believes it has enough vehicles in stock to meet market demand.