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November 11th, 2010
09:15 AM ET
GE to buy 25K electric fleet vehicles
GE said Thursday it will buy 25,000 electric vehicles for its fleet through 2015 in the largest-ever purchase of electric cars.
GE will begin with an initial purchase of 12,000 vehicles from General Motor Co., starting with Chevy Volt in 2011. The conglomerate said it "will add other vehicles as manufacturers expand their electric vehicle profiles."
The first Chevrolet Volt is expected to roll off production lines later this month.
GM confirmed the announcement with CNNMoney.com.
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