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GE Buys Over 12,000 Chevrolet Volts

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author photo by Autotrader December 2010

In the largest electric vehicle purchase ever noted, General Electric is buying 25,000 EVs. Twelve thousand of those will come from GM, starting with the Chevy Volt in 2011. The rest will come from other companies. GE’s plan is to convert half of its 30,000 global fleet to EVs by 2015, with half of their 45,000 sales people driving the vehicles.

Beyond boosting green technology, GE’s “EV transformation” will create jobs in the EV supply chain. In this position, GE says they can help 65,000 leasing customers convert to electric vehicles and it sees the market adding as much as $500 million in sales in the next three years.

GE is heavily invested in the industry. The company sells products including smart grids and car charging equipment, is a major shareholder of battery producing A123 Systems of Massachusetts, and has interests in smart-grid and power transmission technologies as well as wind and solar energy industries. GE’s highly anticipated WattStation, will be released in 2011.

 “Wide-scale adoption of electric vehicles will also drive clean energy innovation, strengthen energy security and deliver economic value,” maintains Jeffrey Immelt, Chief Executive Office for GE.

“Any co-marketing with a large company has potential,”says Jim Hall, principal of automotive consulting firm 2953 Analytics in Birmingham, Michigan. “GE wants to own a big chunk of the vehicle charging business.”

And that’s a good thing. The move will “make electric vehicles more visible and acceptable to the public at large,” explained Fred Smith, chairman of the Electrification Coalition in Washington DC and CEO of FedEx Corp, “This is good for GE, good for our economy and good for our nation.”

Other companies GE could buy from include the Nissan Leaf, Ford’s electric Transit Connect, Mitsubishi i-MiEV, Smart electric, RAV4 battery charged, Ford Focus electric, Tesla EV roadster, plug-ins from Ford and Toyota, Tesla EV roadster and more coming soon.

This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
GE Buys Over 12,000 Chevrolet Volts - Autotrader