January 16, 2021

spend

The global car rental services is poised to experience spend growth of more than USD $ 45 billion between 2024 at a CAGR of over 8.96%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117005911/en/

SpendEdge has announced the release of its Global Car Rental Services Market Procurement Intelligence Report (Graphic: Business Wire)

Read the 120 pages research report with TOC and LOE on “The Global Car Rental Services Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our car rental services procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights in the best procurement practices to mitigate losses.

Information on Latest Trends and Supply Chain Market Information: Knowledge center on COVID-19 impact assessment

Insights into the Market Price Trends

  • Raw material prices account for a significant portion of suppliers’ OPEX. Any increase in these prices leads to a substantial increase in suppliers’ OPEX which will have a direct impact on buyers Car Rental Services procurement price.

  • The increase in minimum wages across countries and expectations for a better lifestyle will compel suppliers to increase their compensations for employees. While this will increase suppliers’ OPEX, this will have an inflationary impact on buyers’ car rental services procurement expenditure.

Insights into strategies that will help buyers optimize their procurement spend

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Some of the top Car Rental Services suppliers enlisted in this report

This car rental services procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

Get access to regular sourcing and procurement insights to our digital procurement platform- Activate Free subscription.

Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-for-demo?

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005911/en/

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

Source Article

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State regulators opened hearings Thursday into Xcel Energy-Colorado’s proposal to spend $102 million over three years on getting more electric vehicles on the roads.

The Colorado Public Utilities Commission will consider the plan by Xcel Energy, Colorado’ largest electric utility, to invest in charging stations, incentivize homeowners to install charging equipment and provide support for converting government and business fleets to electric.

The utility has said the plan would support Gov. Jared Polis’ goal of having about 940,000 electric cars in Colorado by 2030. The move to more electric vehicles is seen as essential to meeting state and local goals of reducing greenhouse-gas emissions and addressing climate change.

“It’s critically important that we tackle the transportation sector because it’s the No. 1 source of greenhouse gas emissions. It’s a huge source of asthma-inducing smog pollution and the brown cloud,” said Danny Katz, director of the Colorado Public Interest Research Group and the CoPIRG Foundation.

Xcel Energy’s proposal is a key component because one of the biggest things keeping people from buying electric vehicles is the fear that there aren’t enough charging stations or not knowing how to install one in a home, Katz said.

Other utilities across the country have become involved in helping make the transition to electric vehicles, and Xcel Energy’s plan would be a big step in doing that in Colorado, Katz added. “We think the writing is on the wall. We’re headed toward an electric-vehicle future. so let’s get there more quickly.”

First, the plan must be approved by the Colorado PUC, which regulates Xcel Energy. The Colorado Office of Consumer Counsel, which represents the public before the PUC, generally supports the plan, said Joseph Pereira, the agency’s deputy director.

However, there are several questions about how the plan will be carried out and what the impacts on customers will be, Pereira said.

“What we’re really advocating for is a plan that maximizes the benefits (for the rate payers) at the right cost,” Pereira said. “If the PUC adopts a plan heavy on investment but does not optimize the benefits, we could see rates go up quite a bit.”

It will be important for Xcel Energy to provide incentives to customers to charge vehicles when demand for electricity is low, he added.

Katz agreed. He said the utility can structure the program to encourage customers to charge vehicles overnight when there’s typically excess capacity on the grid.

A 2019 law required Xcel Energy and other regulated utilities to submit plans to the PUC if they want to build charging stations and recover their costs. The law removed a prohibition against a regulated utility from owning and operating the equipment.

Colorado air commissioners adopted a zero-emission vehicle standard in 2019. At least 5% of automakers’ vehicles available for sale by 2023 must be electric.

And the state is using some of the $68.7 million it got from a settlement between Volkswagen and the federal government to build fast-charging stations across Colorado. The ranks sixth in the nation

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