The Debate Continues Over Bio Fuels and Eco Friendly Cars
Bio fuel Interest Heats Up As World Oil Prices Soar
Crude Oil Prices Shy High!
Uk car owners are no longer only looking to make savings on their car gap insurance but as crude oil prices continue to reach new levels around the globe, more and more European, Asian, and North American companies are pouring money into bio fuel research and production. As most of these continents are largely dependent on foreign oil, the development of alternative fuel sources, capable of being produced closer to home, becomes a hot political, social, and environmental issue.
What Is Bio fuel?
Bio fuel is most simply defined as a solid, liquid, or gas substance made from recently dead biological material. It is most often produce from plants, which has sparked controversy with environmental groups that are concerned that research and production in bio fuels leads to destruction of plant life, forest areas, and could lead to serious environmental and health problems. Photosynthetic plants are the most common source used to product bio fuel because of their solar energy capability. Unfortunately, these plants are most directly responsible for helping produce oxygen that sustains life and produces quality breathing air in natural environments.
Bio fuel Cars & Bio fuel Consumption
As bio fuel cars / hybrid cars and research into bio fuel consumption for transportation grows, countries are starting to face the realities of the environmental versus economic challenges surrounding turning plant life into liquid fuel. Along with air quality, other environment concerns regarding bio fuel use include: Its effects on water quality and potential for soil erosion. However, in lieu of the economic advantages of self-managed fuel production, many countries are investing in research to determine ways to produce specific crops designated for bio fuel production. This might help protect against deforestation and some of the other more commonly expressed issues. Other research on bio fuel production has included the use of oil producing plants for development of diesel fuels and wood and byproducts for other types of fuel. Bio fuel proponents argue that with effectively managed research and manufacturing processes, bio fuel is a huge opportunity for countries lacking in natural oil. It would create jobs, could potentially reduce poverty in areas that offer good production opportunities, and is a viable fuel alternative that is needed for long-term world transportation requirements.
One challenge for the automotive trade is keeping up with the latest developments in bio fuel and alternative fuel production. As research and debate continues, worldwide demand for vehicles that are more environmentally friendly and affordable to drive grows rapidly. It is difficult for car makers to keep up with the constantly evolving research and indeed controversy related to the developments around the re sourcing and manufacture of so called eco friendly bio fuel sources and processes. Many say that farming to grow these eco friendly fuels create as much of a carbon footprint as many more traditional fuels! You need fuel to grow and cultivate the plants required which are the fuels of the future, there is no escaping that! Land is also required and there is precious little of that today etc etc etc. Thus, manufacturers are nervous of overproducing cars that might become obsolete and interested buyers often have a long wait in many countries before they can take delivery of their very own eco cars.
Finance Gap Insurance
Finance Gap is available for a vehicle financed under a Finance Agreement other than Contract Hire, e.g. Hire Purchase, Lease Purchase, Personal contract Purchase (PCP). Finance GAP insurance is available to companies and private individuals on vehicles up to eight years of age for a maximum cover period of 5 years, regardless of when you bought the vehicle. With Finance GAP you only pay for the period of cover you require. If the vehicle is a "Total Loss" during the agreement and without having any Finance gap insurance
, it may mean that any shortfall financially is down to you at the end of that agreement, if you are not full covered within your general insurance policy. They would then pay out for the market value of your car. If the car finance settlement from your finance provider is in excess of the insurer's offer you will be personally liable for the financial shortfall. Your motor insurance provider will pay out the market value of your car.
The opinions expressed are those of the author and are not necessarily held by the Click4Group unless specifically stated. The material is for general information only. Always obtain independent, professional advice for your own particular situation.