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. brad kocher

    I believe that translates to a $90M tax reduction for GE at the $7500 tax reduction (not income credit) rebate per vehicle for 12,000 vehicles. Might this be a snippet of legislative favoring of GM? Good move GE.

    November 11, 2010 at 11:10 am | Report abuse |
  2. Anvil2010

    Come on Hydrogen Fuels ..let Obama's cronies be stuck with the cars...

    November 11, 2010 at 11:11 am | Report abuse |
  3. Stopalready

    OK. Here is another nail in their feel good coffin.
    As the temperature goes down, battery efficiency falls off.
    I would like to see the unwise people who buy these cars in 10 degree weather using all the available voltage to defrost the windshield and heat the interior. That should drop their range to about the end of the driveway. Schmucks one and all...

    November 11, 2010 at 11:12 am | Report abuse |
  4. Jack

    I think Cesar's enviro-liberal bubble has been broken. But knowing the left, Cesar will soon began spouting off silly liberal nonsense again in no time. Maybe even here?

    November 11, 2010 at 11:19 am | Report abuse |
  5. How

    This car will not sell well as it is too expensive and only fits four, it will not make any money for GM, that is just the way it is. It may however push GM towards making a better car in the future, but that won't be until oil goes away or batteries get better

    November 11, 2010 at 11:19 am | Report abuse |
  6. Charlie

    Can you imagine having to take this into the Dealership (because who the hell else would be able to service it) and get the price on the repair? ROFL.

    Good bye for cheaper repairs until some of the dealership maintenance quit to make their own shops.

    November 11, 2010 at 11:19 am | Report abuse |
  7. Jim Brieske

    What this translates to is taxpayers paying for GM to make 25,000 electric cars that GE employees get to drive around.
    It's nothing but an Obama socialist program being used to keep a car company in business while the world's largest company get's a handout it should not receive while average people get fuked with having to make automobile payments and pay for GE to receive 25000 free electric cars!
    Someone needs to be hung up from a tree. His skin color makes it racist but fact is he is part white and it is time that is recognized thus making it purely a deserved action.
    jim

    November 11, 2010 at 11:19 am | Report abuse |
  8. pdxlee

    A very poor investment, wonder what the stockholders think?

    Just think they could have gotten so much more buying toyota's for a lot less money, now that would have impressed the stockholders.

    But buying obamas gas/electric volt no mpg cars????? nah shows no brains at the helm, time for a replacment

    November 11, 2010 at 11:20 am | Report abuse |
    • Morton Winterbean

      Obama's Volt? Try reality. The concept car Volt was shown in 2007. The design went into production in 2008. BEFORE Obama was elected.

      Are all you baggers this dense?

      November 11, 2010 at 11:55 am | Report abuse |
    • Francisco 'd Aconia

      Obama's Volt? Try reality. The concept car Volt was shown in 2007. Yes Mr. Winterbean, and we all see what it did for GM. Until the unionist Obama came along to rescue the drunken UAW, GM would have collapsed.

      November 11, 2010 at 1:16 pm | Report abuse |
  9. David

    Purchase an electric car from Ford. They did not take a bail out .... they are profitable ... and they will have an ALL Electric car with a range of 100 miles available for the Model year 2012 ....

    November 11, 2010 at 11:23 am | Report abuse |
  10. Wyovoter

    This transaction is fully explained by Ayn Rand in her 1957 book, Atlas Shrugged. Who is John Galt?

    November 11, 2010 at 11:24 am | Report abuse |
  11. John Thorp

    So, if and when this concept takes off, how long before the politicians start demonizing "Big Power" like they love to do to "Big Oil"?

    November 11, 2010 at 11:26 am | Report abuse |
  12. Ken

    Nothing new here folks, everyone knows that GE is in bed with Odumbo and the moron bailed them out and is now Government Motors. Soon all the GM autos will have a picture of Odumbo permanently etched in the dashboard.

    November 11, 2010 at 11:27 am | Report abuse |
    • Morton Winterbean

      Lay off the booze. GM is NOT GE and visa versa. They are 2 separate companies.

      November 11, 2010 at 11:42 am | Report abuse |
  13. Dennis.in.Omaha

    In the geopolitical and military strategy game, whichever country has the most windmills and electric cars, per capita will have the crucial advantage.

    November 11, 2010 at 11:38 am | Report abuse |
    • Gates1588

      Utter nonsense. In the modern military, can you imagine a plane, tank, ship or rocket being powered by wind or solar or any other low yield energy source? If you are referring to an "after the guns" world where war is conducted economically (admitting it has always been a component of conflict in the past) the economy with the strongest capacity to move its freight will win. Oil, natural gas, propane and other fossil fuels will be used to the very last drop (centuries from now) before your scenario comes into play.

      November 11, 2010 at 1:23 pm | Report abuse |
  14. Morton Winterbean

    How much moonshine have you right wingers been guzzling today? Why are so many of you confusing GM with GE? Learn to read and comprehend.

    GM = General Motors
    GE = General Electric (they have NOT ever been "bailed out" with taxpayer money)

    November 11, 2010 at 11:41 am | Report abuse |
    • Step

      GE Financial received billions of dollars in federal Troubled Asset Relief Program funds. GE will gain money through the energy-efficient retrofitting of municipal buildings - the next generation of light bulbs is sold by GE.

      November 11, 2010 at 11:57 am | Report abuse |
    • Rob

      Morton Winterbean

      How much moonshine have you right wingers been guzzling today? Why are so many of you confusing GM with GE? Learn to read and comprehend.

      GM = General Motors
      GE = General Electric (they have NOT ever been "bailed out" with taxpayer money)

      GE builds wind turbines which are subsidized with hundreds of millions in taxpayer dollars. Both GM and GE are on the take.

      November 11, 2010 at 12:31 pm | Report abuse |
    • Dinah Kanser

      @ Moron Winterbean – – um, YES they have.
      You need to re-read this thread for important info and link provided.

      Apparently, your buttocks are affecting your eyesight.

      November 11, 2010 at 12:41 pm | Report abuse |
    • abigail adams

      The U.S. Treasury Department is considering closing loopholes that allowed General Electric to participate in a government bailout program, a spokesman said.

      GE Capital, the company's finance firm, qualified for assistance through the Temporary Liquidity Guarantee Program, due to its ownership of a modest savings and loan in Utah, The Washington Post reported Monday.

      The government has guaranteed $340 billion in debt through the program with a quarter of that issued by GE Capital.

      November 11, 2010 at 12:43 pm | Report abuse |
  15. Kala

    In criminal terms this is called collusion

    November 11, 2010 at 11:42 am | Report abuse |
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