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. Stormy

    greg k

    I guess you would like American auto jobs to go to India or lets just keep foriegn economies cranking by buying thier crap. You are brilliant.

    Greg, try making an argument without generalizations. Your straw man doesn't work. The choices are not the Volt or India. We could just produce the energy sources that we have in this country (like natural gas) and use that energy to power our vehicles. Natural gas is plentiful, burns clean, and is cheap. This deal is GE-Obama-UAW tryst using your tax dollars to payoff UAW-owned GM. It's all circular.

    November 11, 2010 at 10:30 am | Report abuse |
    • ReConUSMC

      Well said Stormy : Most of Canada's Cabs , Buss's and Govt. Vehicles use "clean " Natural gas .
      Greens in America are totally againstNatural Gas moronically .
      Here in Richmond VA my Propane emergency unit Co....I use Propane for my home as well ................... uses propane for his entire fleet and personal cars and trucks .
      There is little changes for his gas engines he told me .
      Propane tanks could be put easily at service stations .

      November 11, 2010 at 10:41 am | Report abuse |
  2. FrankP

    People,
    After reading all these others comments,unemployement in this country must be worst than 9.6%.

    November 11, 2010 at 10:33 am | Report abuse |
    • ReConUSMC

      It is according to the Govt.s own OMB .... In total including those not looking and given up .{Hope } .......
      it is 17.4 % . That is the real number not 9.6 %.
      43.6 Million are on Food stamps and all time record .
      18.6 Million have been on Govt. Unemployment for 91 weeks running out in 8 weeks .

      Blacks males 18 to 35 .... 24.9 to 31.1 % National Unemployment .
      So much for Hope and Change

      November 11, 2010 at 10:54 am | Report abuse |
    • Chase

      What is your point? It is common knowledge that REAL unemployment is much higher than the official number, and approaches 20 percent – and is growing.

      November 11, 2010 at 12:35 pm | Report abuse |
  3. Chukkalady

    Another union buyout by the Obama thugs.....seeing as how GE cronies are on Obama's payroll! What a scam!

    November 11, 2010 at 10:38 am | Report abuse |
  4. John

    "The sky is falling...the sky is falling"...you guys are such a buzz-kill! I'll bet you're fun at parties.

    November 11, 2010 at 10:38 am | Report abuse |
    • ReConUSMC

      America is 14 Trillion dollars in Debt as of (2011 ) and takes in 2.2 to 2.4 Trillion a year in Taxes .
      What do you call that lefty ? No Big Deal ?
      A sane knowing man calls it a total Govt. self made Disaster !
      Our Great Grand Children will pay fore .
      Now you can go back to sleep zzzzzzzzzzzz !

      November 11, 2010 at 11:02 am | Report abuse |
  5. srcamachonj

    Does anyone know who manufactures the electrical components of this car? It would be interesting to see if this is a joint venture between GM and GE, both who were bailed out with U.S. tax dollars, and who's stock bottomed out just prior to that bailout. If these are 2 companies propped up by the U.S. government, and then set to profit greatly from the new cap and trade legislation, and new emission standards legislation, there might be some insider trading, dirty dealings going on, that were financed with our tax money.

    November 11, 2010 at 10:45 am | Report abuse |
    • ReConUSMC

      Most car parts come from China now sadly .

      November 11, 2010 at 11:14 am | Report abuse |
  6. Jim Brieske

    This is pathetic! The GE CEO Jeff Immelt in a round about way is using free taxpayer money to buy these vehicles!! It's disgusting.
    The next time he is in a vehicle with me, I may just give him a knuckle sandwich for being a conman. I resent this good guy image being portrayed when it is nothing but dishonesty.
    GE received millions and millions of dollars of taxpayer bailout money!!!
    jim

    November 11, 2010 at 10:47 am | Report abuse |
  7. Me

    Of course GE will back the technology. Who do you think makes the generators that supply the electricity? From GE's website..."Many of today's electrical technologies are the products of GE's century-long history of innovation." DUH.

    This is like Al Gore buying carbon credits from his own company. Ridiculous!

    November 11, 2010 at 10:47 am | Report abuse |
  8. Jack

    GE's Chairman and the Board of Directors should be operating in the best interest of the shareholders. It would appear that they are operating in their own liberal interests without any consideration of the shareholder. Do we think that this is the best use of $750M-$1B GE investment dollars?

    November 11, 2010 at 10:50 am | Report abuse |
  9. Crotte

    Anybody ever think about the disposal of the batteries at the end of their usefull life? Batteries are very toxic and require a high cost to dispose of along with the high replacement costs. Economically you will never get your investment in these small contraptions back. In other words no return on investment but Obamination and the UAW will love you.

    November 11, 2010 at 10:50 am | Report abuse |
  10. srcamachonj

    As far as the argument that it takes large amounts of fuel to charge the batteries, that can be eliminated using solar or wind. Problem with that is you would need charging stations where you are going, as by the time you get home from work the sun would be going down, and wind generators are iffy at best.

    November 11, 2010 at 10:50 am | Report abuse |
  11. Chester

    Love my Ford! This deal stinks like a dead skunk that's been laying in the sun for a couple of days. I'm sure Obama's fingerprints are all over it. Next we'll see Government Motors commercials saying the Volt is the top selling electric car in the world. What a piece of junk!

    November 11, 2010 at 10:56 am | Report abuse |
  12. Dan

    Follow the money. Just payback for all the money that GE is racking in from Obama's regime. Trying to make Obama look good on something that is doomed to failure.

    November 11, 2010 at 10:57 am | Report abuse |
  13. swathdiver

    As soon as the batteries start to really weaken after 4-5 years, the cars will be worthless and dumped. It will not be sane to spend $6000 on new batteries for a 5 year old car. Reject tyranny! Embrace Liberty!

    November 11, 2010 at 10:57 am | Report abuse |
  14. Rob

    Well, I guess I won't be buying anything made by GE from no on.

    November 11, 2010 at 11:05 am | Report abuse |
  15. Bob

    Is Jeff Immelt, all the VP's, the BOD, etc going to drive these. Maybe we could replace the gov't limos in Washington with these. Walk the talk!!!!

    November 11, 2010 at 11:06 am | Report abuse |
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