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.

soundoff (383 Responses)
  1. Ratt

    Tell ya what Jimmy, when you guys make a pure electric vehicle for $15,000 get back to us. Cause right now, you sound like a used car salesman, and a bad one at that.

    November 11, 2010 at 4:14 pm | Report abuse |
    • GEShareholderno

      Excellent point! Jim, are your on the list of early adopters? If so, have you wired your home for 440? Because that is what it will take to 'quick' charge one of these vehicles. Also, do you plan to get rid of your gas guzzling vehicle?

      November 11, 2010 at 4:20 pm | Report abuse |
    • Jim in Texas

      440V?

      Actually it's 240V – and yes I have an electric dryer, a range, and a large air compressor and wood saw in my garage already using 240V.. Since I don't tend to operate power tools at night – I guess that 240V circuit in my garage will work just fine for the 4 hour "fast charge" on a Volt.

      from the Wall Street Journal

      For off-peak charging, figure operating costs of 2 cents to 3 cents per mile, depending on your local utility rates. GM says it takes 10 to 12 hours to recharge the car on household current, and about four hours on 240V current (like your dryer outlet). A 240V charger is available for $490, not including installation. Once the battery is depleted and the engine fires up, the car gets about 35 mpg, which isn't great as compared with the 50-mpg Toyota Prius. But then, as a GM engineer said to me, "It would be kind of stupid to buy the Volt and then not plug it in."

      http://online.wsj.com/article/SB10001424052702304510704575562363168727230.html

      November 11, 2010 at 4:44 pm | Report abuse |
    • Jim in Texas

      Ratt,

      You must just have a lot of experience buying used cars – and parking them next to your trailer.

      November 11, 2010 at 4:49 pm | Report abuse |
  2. Bill in Birmingham

    There once was a car called the Volt,
    Which promised to provide quite a jolt.
    But after just a few years of use,
    It proved to be another green ruse,
    And every owner felt like a dolt.

    November 11, 2010 at 4:16 pm | Report abuse |
  3. smokehouse

    There are a lot of suckers on this board. These are the same morons that elected Obama. Me, I'll continue to use my 2009 Nissan Armada SUV.

    November 11, 2010 at 4:17 pm | Report abuse |
  4. Chukkalady

    THis is so like the Clinton era.....the CFO's of the dot com companies that were cooking the books to make their stocks look good. What a joke! We've learned nothing from our mistakes!

    November 11, 2010 at 4:57 pm | Report abuse |
  5. Chukkalady

    LOL...and what will next year's model be called........the "REVOLT"?

    November 11, 2010 at 5:00 pm | Report abuse |
    • Rumplestiltskin

      Thread WINNER !!

      November 11, 2010 at 5:37 pm | Report abuse |
  6. David Ratz

    With the fedaral incentive of like $7,000. and state initiatives, like California is offering I bet they get the price tag under $30K.

    November 11, 2010 at 5:06 pm | Report abuse |
  7. J_Ruben_Kincaid

    Now GE and GM can drop their health coverage for employees, as their government bailouts will at some point run out, and get them all on Maobama care.

    November 11, 2010 at 5:13 pm | Report abuse |
  8. J'Moke

    GE to open 2 billion engineering plant in China...... So those goofy electric cars will save the planet right. Did you check the air quality in RICH FAT CAT China lately? Screw low milage elctric cars. To the moon I go!!!!!!!!!!!!!!

    November 11, 2010 at 5:26 pm | Report abuse |
  9. Eric

    Wow, a lot of you responding to Cesar are pretty misinformed:

    1) Power plants currently have too much excess capacity at night (they can only idle so much)... 50% of personal cars today could be replaced with electric vehicles, with very little additional pollution from power plans, since they're creating more energy than is consumed at night.

    2) Even if all power was generated from coal, it's still more efficient, and cleaner, to have those emissions at those power plants rather than all the individual tailpipes.

    3) Power plants use fossil fuels, but only a very small percentage use oil, and renewables are becoming more and more popular. Using electricity to power cars gets us off foreign indepencence of fuel, and allows us to power cars with whatever is the most economically feasible (or environmentally feasible if you prefer).

    Ultimately, electric vehicles will reduce our deficit and make our nation more secure. Search for the real data, not the misconceptions, and you'll see this is the case.

    November 11, 2010 at 5:30 pm | Report abuse |
  10. Mike the Jolt

    I'm so tired of these radicals running this place. The Bolt is a joke. I hate GE and GM and their receptive unions forcing trash on us. Man when will they go away? Please go!

    November 11, 2010 at 5:32 pm | Report abuse |
  11. JustAGuy

    The VOLT is a special use vehicle. It's just right for those with lots of money to waste and have very few places to drive to. If you meet that criteria, the VOLT is your car! 🙂

    November 11, 2010 at 5:37 pm | Report abuse |
  12. Robert

    How do electric cars save energy? That electricity has to come from somewhere, and I undertand that most of it comes from burning fossil fuels at hydroelectric power plants. So we have to covert FROM fossil fuel burning to electricity to mechanical energy at a worse efficiency than a direct conversion of burning fossil fuel, as in a conventional engine, and converting it directly into mechanical energy? That sounds like it's wasting energy to me.

    November 11, 2010 at 5:52 pm | Report abuse |
    • Jim in Texas

      Energy is produced at widely varying prices points – depending on the methods of generation. The "fuel" cost for the Volt when it is running in full electric mode is 3 cents per mile or less. Do the math – if you car is getting 50 miles per gallon – you would need $1.50 a gallon gas to equal that.

      Here's a few other thoughts:

      – How much would the air quality in places like LA improve if you took a million gas burning vehicles out of the "fleet" in that area, and replaced them with electric vehicles whose energy was produced at plants many miles away, using containment processes on the exhaust that go far beyond what is practical on any individual car.

      I am no tree hugger. I currently drive a couple high horsepower GM vehicles, I hate compact flourescent bulbs, and in general I cringe at the phrase "green". The problem with the Volt getting bashed is that is it all based on misinformation. I am actually a fan of Rush Limbaugh – but on the subject of GM – the man has lost his mind – and is out spewing nonsense. The Volt is not the result of any political pressure from Obama – anyone who thinks that is giving Obama far too much credit. It was not – despite reports from even the Wall Street Journal – developed in "29 months". Good god – you can find internet articles on the Volt that are way older than that – and they were produced well after the Volt development had started. Basically the story is this. GM invented the modern electric car and produced several hundred of a model called the "EV-1" back around 1990. (I know – I was a GM engineer at the time!) The battery was a lead acid battery pack that weighed 1600 lb. Many aspects of the car (aero styling, narrow wheels, etc.) were optimized to maximize efficiency – but with that dog of a battery pack – the car was just NOT practical and never went into full production. Fast Forward two decades of battery development later, and NOW we do have battery packs that work. Are they perfect? Certainly not – but GM has been hammering these battery packs in testing for several YEARS to prove they are durable enough – and is backing them with a 100,000 mile warranty. The design of the Volt also includes an on-board generator – so that "range anxiety" typical to other electric cars is not an issue. The Volt is practical enough to be your ONLY car – a car like the Nissan Leaf is not.

      The Volt isn't for everyone. I may buy one for my wife – since her usage pattern (short trips with the kids, short commute to work) fits the ideal usage profile pretty well. I may keep my Yukon XL and add a Camaro Z-28 (550+ horses) when GM launches it's IPO and shed's any "government control".

      For all those who want to bash GM – go back and read Barron's June 2008 article on the huge turnaround that was already under way at GM. They didn't go ask Barney Frank to put subprime loans on steroids and crash the economy. They didn't ask Obama to pander to the unions – that is his natural tendency. Seperate any animosity you may have for the UAW, or Obama, or WHOEVER – from the fact that GM has been a bedrock of our economy for a century, and understand that a revived and growing GM would be the best possible tonic for our economy.

      November 11, 2010 at 7:05 pm | Report abuse |
  13. IC2

    ....finally .... it comes to light as to why I didn't get a pension COL increase TWO years ago and after working 42 years for that poor excuse that Immelt has made of GE.

    November 11, 2010 at 6:13 pm | Report abuse |
  14. vitaglubet

    As a 24 year veteran of GE (great place to work for all but a few of those years), I find it hard to believe that Neutron Jack could take the company so low. How sad.

    November 11, 2010 at 6:29 pm | Report abuse |
  15. Jose Lopez

    ge is the same as obama and the same as gm. ge investors should bring the lawsuit and fire jeffery

    November 11, 2010 at 6:34 pm | Report abuse |
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