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. Kurt

    How does it do that Cesar, does the electricity just magically appear? Something has to generate that electricity and I am pretty most is not coming from nuclear plants. This car is only good to put my golf clubs on the back of.

    November 11, 2010 at 9:58 am | Report abuse |
  2. George

    Isn't GE also advertising those "Charging stations" I see on TV? Whatever happened to the plan proposed to convert/build vehicles using LNG? Or is it too simple a solution, I haven't seen any electric powered UPS trucks lately? This scheme only shows me that the administration must have hired Bernie Madoff as a consultant.

    November 11, 2010 at 9:58 am | Report abuse |
  3. mindfulwon

    Because they are not selling. Wow, look at that, "everybody" is buying a Chevy Volt, sales are spiking!

    November 11, 2010 at 10:05 am | Report abuse |
    • Viperjoe

      Check with a Chevy dealer.They have been taking orders with deposits and most are sold out for 2011.

      November 11, 2010 at 12:24 pm | Report abuse |
  4. ReConUSMC

    This Govt. commanded and demanded Obama Chevy Volt has Freddy , Fanny , The Health care bill , the Postal Service and Amtrak written all over it ,,,,,,,,,The word is called Subsidized from Womb to Tomb by Tax Payers sadly !
    This is a recording !

    November 11, 2010 at 10:09 am | Report abuse |
  5. Bob

    This will be of benefit to GE. If things pan out, we will all be paying them the money that used to go to Exxon. The solution is an efficient gas car powered by North American fossil fuels., If you count Canada and the US together, we are good for a couple of hundred more years. The only Green tech I really like is the one people pay for themselves because it makes sense. I think the best is Geothermal heating and cooling. Pay for it yourself and it will last for generations at the homestead, and you will become more self sufficient.

    November 11, 2010 at 10:11 am | Report abuse |
  6. bill

    Forbid driving cars in cities mass transit only

    November 11, 2010 at 10:12 am | Report abuse |
    • Dinah Kanser

      @ bill – (Forbid driving cars in cities mass transit only) ??
      A classic liberal response. Draconian measure. Forbid and regulate.
      It's not just a car, it's your freedom. (remember that GM commercial slogan?)
      Do you really want the government to control your range by limiting you to 'mass' transit & bicycles?
      Simply not practical for many people or for most retail businesses.

      In many cities it would take you literally hours each day just to run minor chores using mass transit.
      ie...Try carrying 6 bags of groceries from the grocery store to your 'mass transit' point a few blocks away..
      Then riding with the bags to your stop, then having to ride them home on your bike.
      yeah, like that would really work.

      More energy efficient transportation is coming.
      The free markets left to themselves will create the technology and solutions we require, as they become feasible,
      key word = FEASIBLE
      But many ideas like the VOLT are destined to fail because the electric car is not ready for primetime,

      Simply switching the pollution source from the tailpipe to the coal burning power plants is not a leap froward in energy savings or efficiency.
      Especially since right now the electrical grid has a hard time meeting existing demand.
      Imagine the power outages that would occur if 1 MILLION electric cars are added to the existing grid.
      And we must talk about all the environmental damage caused having to run a massive amount of new power transmission lines, to get the electrical power to all those (GE) charging stations.

      November 11, 2010 at 12:28 pm | Report abuse |
    • Gates1588

      I actually agree with both approaches, limiting vehicles in core urban areas and providing the most effective variety of transport for individuals and families as the the density reduces with distance from the urban core. The tricky part is defining "urban core". There are significant portions of major cities around the world where parking is just as condensed as the lodgings, with the parking garages tending to be away from the core areas. How did this happen? Typically because of the market place, not government land use planners. Nearly all government actions are reactive, not proactive. Even massive projects, like building hydroelectric dams, come after the need is so immense the body politic understands the need. There are cities where the core density already warrants "vehicle free zones", except for commercial. But, those densities are rare in the United States.

      November 11, 2010 at 1:12 pm | Report abuse |
  7. Matthew

    Right on right on. . .. games games games . . . this administration will do anything to prove their wasting of our money had some positive effect . . . I love Americans . . . for the most part we all see through this junk. Admin does not realize what the election just demonstrated . . . WE ARE AWAKE . . . what good is a car that costs 40K . . . energy is spent to earn enough money to buy this thing, tons of energy to build it, way to expensive to work on . . . its insanity and the libs are so focused on feel good crap they can't see the bigger picture. The SUN and GOVT are the causes for the increase of green house gases. IF govt would stop trying to grow they would stop trying to stimulate everyone to work work work and buy buy buy we wouldnt be so concerned about the sky.

    November 11, 2010 at 10:12 am | Report abuse |
  8. xjug1987

    This is a great combination of Govt / Business working together. Barry the Pious and Jeff "I love Barry" Immelt have a deal that promotes GE products; its light bulbs, windmills and other GE technologies. Jeff Immelt is a lousy CEO, everyone knows it and he's not 1/16th what Jack Welch is. However, in an effort to boost his standing and make GE look good, the evil deal. So Barry owns GM and tells Jeff, "yo, hook me up" make this thing work." NO ONE IS GOING TO BUY THIS VOLT for 3 reasons: 1 – doesn't do what its supposed to do, 2 – too expensive even with Govt tax breaks and 3 – Govt Motors, the take over of GM by Barry & Company, the ruination of the bondholders of GM, and the handouts to the Unions. Its illegal what Barry did confiscating GM & giving Chrysler to Fiat. Pathetic...

    November 11, 2010 at 10:13 am | Report abuse |
  9. Fishfeet

    GE is probably buying them as a result of some inside deal with the Obama administration. It's all about perception. Do you really think GE would spend one nickle of their own money?

    General Electric is one of the largest companies in the world, yet they received a $25M grant from the Stimulus Package to create jobs, only to have them lay off 18,000 workers. GE also became one of the largest benificiaries of the bank bailout and their financila arm isn't even a bank. see article: http://www.washingtonpost.com/wp-dyn/content/article/2009/06/28/AR2009062802955.html

    November 11, 2010 at 10:16 am | Report abuse |
  10. steve

    do a full lifecycle analysis, you wont like the answer for this garbage vehicle.

    November 11, 2010 at 10:16 am | Report abuse |
  11. Alan Sager

    This is the kind of deal illuminated in the latter parts of Atlas Shrugged where companies either run, owned or indebted to the government make ridiculous deals to enhance the status of the boot licking executives. Don't expect your GE service rep to show up on time when he has to drive one of these faux cars.

    November 11, 2010 at 10:20 am | Report abuse |
    • leo

      Spot On !

      It takes SEVEN more times energy(in terms of KW or HP) to make a Volt , then a gas powered car of the same HP. This is because of the excessive power required to mine, refine and manufacture the raw materials into the battery. Unless the Volt lasts 16 years with no loss of power efficiency, there is no net energy savings compared to buying a gas powered vehicle and operating it for 15 years. And that assumes NO increase in energy costs from year to year.

      Any person with a basic understanding of their electric bill understands this. And if the government continues to promote solar, wind and other forms of energy that are far more expensive to produce than nuclear, natural gas or clean coal generated electricity, the costs of operating these loser cars will be even higher. Of course GE is buying them. !.. they build electric power plants, Solar grids, Wind Turbines, gas turbine generators, nuclear reactors and virtually anything that can be found in the power grid. We are so blind

      November 11, 2010 at 11:18 am | Report abuse |
  12. Steve

    I assume GE is purchasing these vehicles for their sales folks who probably drive hundreds of miles each day (I.e. between charging opportunuities). So each day they will travel 30 miles or so on battery power and the rest on fossil fuels.
    Obama's boyfriend, Jeff Imell, should be fired by GE's Board!

    November 11, 2010 at 10:20 am | Report abuse |
  13. Andy

    OK, that's the last straw. GE is now the "official conglomerate of the Obama administration". I have a considerable investment in GE as I always thought of it as my "safe haven". No more – decisions like this to buy Chevy Volts make me convinced that GE will go the way of GM and the stock will be rendered worthless.

    My next move after hitting "send" on this post will be to log onto my brokarage website and sell this dog – all of it.

    November 11, 2010 at 10:21 am | Report abuse |
    • leo

      GM is getting an 50 Billion loss carryover tax break that will enable them not to pay taxes when they start making profits until they hit $50 million. That was a special deal they got from Bam Bam. Ford, Toyota, etc. don't get that specail treatment.

      How many millionaires' income taxes will have to go up to cover that $50 Billion ?

      November 11, 2010 at 11:22 am | Report abuse |
  14. SOROS

    GOOD.. NOW MAKE ALL THE MSNBC TALKING HEADS DRIVE THEM WITH THEIR FAMILIES IN THEM.. ENJOY

    November 11, 2010 at 10:24 am | Report abuse |
  15. Steve

    As you know Andy, GE has been an awful performing stock ever since Jack Welch turned the company over to the current leftist CEO

    November 11, 2010 at 10:27 am | Report abuse |
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