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. tallbouy

    There is one answer to all the Volt ink. Persuade President Obama to resign,be impeached or arrested.
    Of course, there's plan B. Confine him to a ship, with orders to the Captain get underway and never return to a USA port,

    November 11, 2010 at 11:59 pm | Report abuse |
  2. don

    Here is how it went folks:
    Obama essentially told Imelt( GE) that if he wants the money from the govt for all the overpriced green contracts GE wants, he should order 25000 vehicles which will make it look like people actually want these pieces of junk.
    Next step, Obama will then say GM is doing great and that the union seizure of GM was very successful.
    Thank you American taxpayer ( actually Obama said screw you American taxpayer, just want to be accurate)

    November 12, 2010 at 12:17 am | Report abuse |
  3. rich

    How many wind generators is GM buying from GE? They can put hundreds around the Volt plant to charge all those batteries they will put in the cars.

    November 12, 2010 at 12:36 am | Report abuse |
  4. Gunny G

    Rest assured, Imam Obama and his BIGGEST donor Jeffy Immelt are working on a scam. Buy a Volt? Not in this lifetime and in fact, I'll never buy another thing from Government Motors, just like I shot all of my S&W weapons when they rolled over for BJ Bubba.

    The UAW can EAT the Volt.

    November 12, 2010 at 12:51 am | Report abuse |
    • JustAGuy

      This whole affair is collusion between the Obama Administration, GM, the UAW, and GE. And ultimately, it will be us taxpayers who are left holding the bill.

      November 12, 2010 at 1:59 am | Report abuse |
  5. Andy

    Guys,

    If you want to really know about the electric car & how GM killed it, rent a copy of "Who Killed The Electric Car"

    GM had technology 20 years ago & made a successful electric vehicle - then they killed it off and started investing money in HUMMER.

    After watching this movie, I will never buy another GM vehicle again. Towards the end of the program, they tell the story of a company that developed a Lithium-Ion battery that would propel the EV-1 to over 300 miles per charge - GM bought the company and sold it to Chevron, effectively killing the technology.

    I've driven a few electric vehicles that a good friend owns in San Diego - the chinese have subcompacts that can go 60-70MPH for over a hundred miles between charges. Most electric cars are made to be ugly for a reason - so people do not buy them.

    Ford has really hit a home run with the Fusion hybrid - a decent looking car that can run on gas or electric. Theres a reason cars like this fly off the lots!

    November 12, 2010 at 1:02 am | Report abuse |
  6. JustAGuy

    Clearly, the VOLT is not yet ready for the task. It's a perfect picture of Obama driving that VOLT off the assembly line. Neither are ready, but both have been imposed upon us anyway.

    November 12, 2010 at 1:57 am | Report abuse |
  7. Another Andy

    This fellow "Jim" who keeps "educating" us here seems to me to be rather like the fellow who kept telling us all why soy "meat" products are better than "real beef", or that solar panels on your roof are better than the grid ...he simply doesn't understand that the vast majority of folks just don't WANT it. They are not "afraid of new technology", they all have plenty of new tech stuff they use... they simply don't WANT the Volt... for one thing, it doesn't have the deep, throaty sound of a V8, for which many of us are willing to pay extra. The Volt will appeal to all those dweebs who like to ride the Segue and wear "protective helmets." People willing to pay 40 G's to show how "environmentally sensitive" they are. Trying to make the rest of us feel guilty for destroying "Gaia". Why, there must be thousands of them out there. In a country of over 320 million. Jimmy Boy, I don't mean to rain on your electric parade, but 40 G's to ride on a new battery with wheels is not my idea of driving. Next you'll be demanding that NASCAR race only electric cars. I'll wait for tachyon drive, thank you.

    November 12, 2010 at 2:46 am | Report abuse |
    • Jim in Texas

      Andy,

      You are confusing me with someone else – obviously. I drive a V8 and I WAS AT the Nascar Races at Texas Motor Speedway last weekend. I wouldn't "make" anyone buy a volt. But the idiots on here who think the volt is a "hybrid", or who think think the car was somehow cooked up to please Obama are the ones who need educating. So do the ones who think anything produced by a foreign auto firm – like the Nissan Leaf – must be better than one produced by an American firm.

      November 12, 2010 at 6:47 am | Report abuse |
  8. dbau

    The Volt is Gasoline/Electric Hybrid! GE, good luck with that
    GM Volt: EPIC FAIL!!!

    November 12, 2010 at 3:08 am | Report abuse |
    • Jim in Texas

      dbau,

      If you can somehow manage to make your hydrid run on all electric power – send us a postcard. You must drive under than 20 mph all day. The Volt is not a hybrid. It is an electric car that won't leave you stranded when the battery gets low. If you would feel better buying the all electric Nissan Leafs that is coming out – then buying one of the $7,000 generator trailers that others are building to pull behind it (to avoid "range anxiety) – then go ahead. The Volt comes with the backup generator built in. The electric motors in the Volt give it very reasonable acceleration all by themselves, the electric motors in a hybrid like a Prius cannot – they are complete wimps compared to the ones in the Volt.

      November 12, 2010 at 6:52 am | Report abuse |
  9. Raym39

    It appears that the Volt is quite a unique and sophisticated product that will provide those of that who want to consider such a product something to look at. Clearly a substantial amount of creativity, engineering, and testing brain power went into developing it. Over the years, many intelligent people were involved in all of the steps that got the Volt on the road. Unfortunately we started electing a bunch of newcomer coat tail riders in 2006 who just stand back and take credit for the real work done by others. The education, communication, and legal complex elevated the pretenders, giving them credit for the work of many others, over many years. Consequently, what is apparently a very sophisticated work product of many real people is not well accepted by many, evidence the comments here.

    November 12, 2010 at 4:10 am | Report abuse |
    • Jim in Texas

      Agree with your comments.

      People are somehow thinking the Volt is something that GM just cooked up to please Obama. Nothing could be further from the truth. Those same people need to educate themselves on the history of EV's in general, and in particular the GM EV-1 vehicle from 20 years ago. GM caught hell from all sides when they decided to kill that car – and demanded that all the cars (which were leased) – be returned, and scrapped (to avoid liability issues). Only a few survived, one is in the Smithsonian. The issue was not the car – the people who drove it loved it. The problem was that the battery technology simply wasn't up the task. Same reason that electric vehicles died out over 100 years ago – when they once outsold gasoline cars by a wide margin. EV's or electric propulsion is not really new – we have just been waiting for the battery technology to catch up.

      November 12, 2010 at 7:00 am | Report abuse |
  10. Too funny

    All you people that say that there is no market for an electric car are the same geniuses who ten years ago said there was no market for a hybrid. Seems the hybrid worked out pretty well for Toyota. Just because you need a large car to haul your spoiled kids and wife you don't like does not mean that you are somehow representative of the entire United States automotive consuming public.

    November 12, 2010 at 4:29 am | Report abuse |
  11. Brian not inTexas

    Jim in Texas you like to do math so I will give you some. Lets take Joe the average American. He looks for two American Cars the Volt and the Ford Fiesta. Now lets look at price. 41000 for the Volt while 13,320 for the Fiesta base. Taxes and extras say 15000 price difference 26000 bucks. Now lets us give an average cost for gasoline at 3.50 since no doubt gas will go up in the next few years. 26000/3.5 or roughly 7428 gallons of gas for the price difference. Now given a in town MPG of 29 miles that would give the driver 215412 miles. Now given the figure that you only drive 40 miles between charges which means only 40 miles a day since the time to recharge whould truly prohibit drive 40 then recharge. But hey I will give you one extra recharge say 80 miles a day the driver can go. Now lets assume a 7 day driving week for the driver. 7×80 or 560 miles a week x 52 weeks a year 29120 miles a year. So the driver would have to drive the volt for over 7.39 years to make up the cost. That is not including the cost to recharge the battery.
    The Volt is not the Model T as some of you have claimed. The Model T was designed based off consumer demands for a cheep car that the average person could afford.

    November 12, 2010 at 5:27 am | Report abuse |
    • Jim in Texas

      I'll accept your math – but here are a few points to consider:

      – The Volt is a much nicer vehcile overall as compared to a Fiesta. Think Corolla or Civic as your comparison point.

      – How much is it worth to many drivers to avoid at least two out of three trips to the gas station.? With primary use of electrical power – a Volt driver can easily get by with one fillup per month, most likely once every 2 or 3 months.

      – Absolutely the Volt will not be for everyone at first. I had a neighbor that bought a $5000 42" Plasma TV about 10 years ago. It was incredible, and it was also really expensive. Now a TV that size with a better picture is under $1000. Not saying the Volt will ever drop to 1/5 the price, but there will absolutely be huge cost savings when GM is making 200,000 per year instead of 10,000.

      – Businesses will likely be among the first adopters for the Volt. While an individual may see no net cost benefit for driving an EV in their early stages – businesses are already spending a fortune on items that allow them to claim a "green" label. I do not personally agree with this myself, I am not one who would flock to use someone just because they claimed to be "green" – but I see many people who are. I have clients who have spent millions of additional money constructing buildings to LEEDS (U.S. Green Building Code) standards. They evidently see a payback with the use of this in their marketing, and they should see the same benefits for EV use – especially when it is a practical vehicle like the Volt that still has "normal vehicle" range.

      – My point about the Model T was that it was a pioneering vehicle. If the only EV's coming out now were like the Nissan Leaf (battery only – no "backup" power source), then these vehicles would be nothing but a sideshow. The most clear argument against EV's is the lack of a charging infrastructure. The Volt allows us the potential to bridge the gap between today's world, without a charging instrastructure, to one maybe 10-15 years down the road where we do. Here's other area where the Volt may be a benefit to their owners: When the local Mall puts in a few dozen EZ charging stations – where do you think they will put them? Maybe very close to the door? (since power cables would likely come from there). Don't get upset if you start seeing "EV ONLY" parking spots in all sorts of convenient places very soon.

      November 12, 2010 at 6:40 am | Report abuse |
  12. Another Andy

    I sold all my GE stock somewhere around 1999 when it was selling at roughly almost $60/share. Today GE stock is selling at about 1/3 that amount. Of course, many other companies are also in the dumpster stock-wise. But when Jack Welsh left GE, it seems to have gone down the road of CEO's who only care about their own pockets being lined no matter how poorly their corporations are doing. Mr Immelt is not very good for GE as far as I can see. His refusing for way too long to stop doing business with Iran and other "unfriendly" countries was inexcusable. His dealings with our current president seem "Chicago" to say the least. They are desperate to sell the public on the idea of "green" cars, just as they are doing all they can to take incandescent bulbs from us, in favor of those ugly flourescents. Immelt should stay out of politics and steer his corporation down the road of innovating products and services which the world wants and needs, and stop trying to ram PC products down our throats. Let him go to China and sell them electric cars. They need them more than we do.

    November 12, 2010 at 7:06 am | Report abuse |
    • Another Andy

      This is what I mean as an example:

      The GE-Obama affair, and Jeff Immelt’s harsh words
      By: Timothy P. Carney
      Senior Examiner Columnist

      Except for maybe Google, no company has been closer and more in synch with the Obama administration than General Electric.
      First, there’s the policy overlap: Obama wants cap-and-trade, GE wants cap-and-trade. Obama subsidizes embryonic stem-cell research, GE launches an embryonic stem-cell business. Obama calls for rail subsidies, GE hires Linda Daschle as a rail lobbyist. Obama gives a speeech, GE employee Chris Matthews feels a thrill up his leg. I could go on.
      Then there’s the personal connections: CEO Jeff Immelt sits on the President’s Economic Recovery Advisory board and was asked by Obama’s Export-Import Bank to the opening act for the President at the most recent Ex-Im conference.
      Finally, there’s the philosophical similarities. Days after Obama promised in his inauguration to “remake America,” Immelt wrote to shareholders:
      The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.

      Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/the-ge-obama-affair-and-jeff-immelts-harsh-words-97688939.html#ixzz154NFb4bn

      November 12, 2010 at 7:15 am | Report abuse |
  13. N37BU6

    GE, MSNBC, IPCC, Shore Bank, GM, UAW, SEIU, ACORN

    Create the crisis, set the stage, build the grid, own the media, funnel the cash, bankrupt the auto industry with unions, hand said industry to said unions, buy politicians with said unions, build the new product on taxpayer money, sell the products to yourself to inflate the numbers.

    Can't wait for for the next Cap & Trade push. It will be this X10000

    These people are all directly connected... it's incestuous.

    November 12, 2010 at 7:52 am | Report abuse |
  14. Michael

    Great to hear all the Tahoe mileage praises...I drive a 1983 Mercedes 300 Turbo Diesel (420,000 miles) that gets 28-30 MPG on the road and about 22 in town. Most components can be adjusted or fixed when they break instead of being thrown away like the all electronic contemporaries.

    I do need some seat covers – maybe I ought to trade it in for a hybrid. LOL

    November 12, 2010 at 8:12 am | Report abuse |
  15. WeMadeAmistake

    I read many comments on this issue and many are well thought out. However, we forget one thing and that is that these Volts are made by Union labor and it is the unions along with Democrap tax and spenders who have destroyed our economy. Thanks to Obama, the unions have stolen your tax money to stuff their pensions and benefits in exchange for Obama votes. This is why I refuse to buy anything union made......and I sure as hello will not buy a $41,000 battery powered union made donkey.

    November 12, 2010 at 8:23 am | Report abuse |
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