GE Will Purchase Plug-ins; Chevy Volts

GE Will Purchase 25,000 Plug-ins, 12,000 Chevy Volts

General Electric (GE) has confirmed that it will purchase 25,000 electric vehicles over the next five years. 

GE will replace at least half of its global 30,000-strong vehicle fleet with plug-ins, with the remainder of the cars going to customers of its fleet management business. 

GE says 12,000 of the cars will be the Chevy Volt. 

GE says that it plans to save money on energy costs as a result of the move, but it also hopes to help stimulate interest and sales of electric cars, because the company believes its technologies, components and accessories could one day combine to capture as much as 10% of the plug-in vehicle industry's total revenue. 

GE is also a major shareholder of battery maker A123 Systems Inc. and has investments in various clean technologies such as smart-grid, wind power and solar technologies.

Source: Peter Davis, Statewide Director ATT & Energy initiative, Pine Valley, CA, USA