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. Ben Dover

    SHOCKING! An electric car with a gas tank.

    November 11, 2010 at 12:26 pm | Report abuse |
    • Max Yakov

      An electric car with not only a gas tank, but a charging engine and generator and charging circuity. In short, it carries around its own charging station. Wonder how much all that weighs. Forgot about the gas tank weight/fire hazard in other of my comments regarding this electric/hybrid Volt machine. Thanks!

      November 12, 2010 at 2:05 am | Report abuse |
  2. CWC

    Hmmm, sounds like a back scratch to me. Obama gives GE 10's of millions in bail-out and GE spends that money on GM. Looks like the tax payers just bought a bunch of non-electric cars.

    November 11, 2010 at 12:29 pm | Report abuse |
  3. jnsesq

    Purchased with taxpayer bailout money, no doubt. After all, Obama and Immelt are good buddies. So what the American people don't care to purchase privately - can I say "privately" under this regime? - we likely all will pay for anyway as we give these new Edsels to Barry's friends in the interest of a "Green Economy" and more of this Workers Paradise job growth.

    November 11, 2010 at 12:36 pm | Report abuse |
  4. Francisco 'd Aconia

    Could these "cars" be purchased with some of the 100's of $millions$ that were just given to GE?. Obama wouldn't be proping up GM by funneling more tax-payers money through China's best friend, GE? No, I won't hear of it /s

    November 11, 2010 at 12:38 pm | Report abuse |
    • Drew

      Obama? Less than transparent???? Nah!!!!

      November 11, 2010 at 1:17 pm | Report abuse |
  5. Duude

    GE found the funding by simply drawing out some of their Hudson River PCB cleanup money and putting it together with Fed discount window funding.

    November 11, 2010 at 12:39 pm | Report abuse |
  6. Scat

    Try disposing one of those batteries, as well.

    November 11, 2010 at 12:39 pm | Report abuse |
  7. Kendrick1

    The government wants to put the coal business out of business. Then we can buy our coal from China, so that China will have money to lend us for us to give back to China, as a developing nation, to use to combat alleged global warming!!

    November 11, 2010 at 12:41 pm | Report abuse |
    • Francisco 'd Aconia

      Right Kendrick. Obama pulled that one out of Clintons corrupt politicians playbook: He signed an executive order closing the Utah coal fields and making them a Federal santuaty, so he could enrich his gangster friiend Mochtar Riady, who gave him campaign money:
      1 Jun 2009 ... CLINTON TO JOIN "LIPPO GROUP?" INDONESIAN BILLIONAIRE SAYS PRESIDENT TO JOIN BOARD AFTER LEAVING OFFICE OF THE PRESIDEN ...http://www.rumormillnews.com/cgi-bin/archive.cgi/noframes/read/147896

      November 11, 2010 at 1:09 pm | Report abuse |
  8. redhawkone

    Is this a pay back to Government Motors to justify the Spanish made wind mills by Immelt, the bail out of GE Capital...and basically to inflate the Volt Numbers since No Smart American will buy this Piece of CRAP?????

    November 11, 2010 at 12:42 pm | Report abuse |
  9. Tom Barney

    Government Electric buying from Government Motors with Taxpayer subsidies. Wall Street Journal editorial today points out one of the many ways GE has been trying to milk the government for susidies. It also explains why GE was pushing CAP and Trade to increase the feed at the trough.

    November 11, 2010 at 12:45 pm | Report abuse |
  10. Francisco 'd Aconia

    Sorry forry repeating you JNSesq. I didn't read your post.. But I guess the Chicago kindergarten training taught Obama a lot about money laundering in the beg-leagues. Playing with Tides and Annenberg community organizing funds is nothing compared to having the entire American economy at your disposal.

    November 11, 2010 at 12:47 pm | Report abuse |
  11. James

    This is excellent. 25K cars will be a big boost to this upcoming industry. As soon as they create a truck that gets 250 miles on a charge and can tow 5000 pounds I am in.

    Please don't nitpick about plastics being used to make the car or fossil fuels being used to make the electricity. Plastics can also be made from vegetable or algae oil. Electricity can be made from the sun, water or wind. This is an awesome start. Be optimistic about it and not pessimistic. The battery is half full...not empty.

    November 11, 2010 at 12:49 pm | Report abuse |
  12. Zydeco

    recent GE-Obama activity: GE invests $1.5 billion in China operations. China holds tremendous US debt.
    Obama signs trade deal with India that benefits GE.
    GE buys GM Volts. This is another crony capitalism rope-a-dope. You and I just got fleeced again.
    Oh and The Fed tax (QE I & II) devalues the dollar. Not sure about how all these things are tied together yet. Bet they are though.

    November 11, 2010 at 1:03 pm | Report abuse |
  13. TJ in MO

    works for me....I just hope it doesn't encourage them to build more of these worthless contraptions

    November 11, 2010 at 1:09 pm | Report abuse |
  14. Landon

    Why of course GE would by 12k Volts from Gov't Motors. It's like a big trio, patting each other on the back. The gov't bails outs GM and "forces" them to produce the Volt, which will have no environmental incentive whatsoever. Someone has to make the electricity. Oh wait! Oil and coal is the major fuels that make America's electricity! And GE buys the Volts to get the tax incentive. Not to mention the other bailout incentives that GE has gotten (especially under TARP). And what does the gov't get out of this? Control. More control over companies, over energy and over YOU!

    I use to think that the Volt was a great idea. But it's not. Give it 5-10 years and we'll start seeing what a joke they are. It would be more economical and environmentallly safe to but a good MPG gas car than to waste $41,000 on something that still creates a ton of pollution in the end. Environmentalists should not be excited for this car. Why don't they take this technolongy and use it for something that is more productive.

    November 11, 2010 at 1:09 pm | Report abuse |
  15. dave

    where do we put nuclear waste? Nuclear is extrodinarily expensive

    November 11, 2010 at 1:10 pm | Report abuse |
    • Francisco 'd Aconia

      There is a lot of information out there that isn't biased propaganda from the left, who have been duped by the oil companies. But from what I've read, ther isn't that much waste left over after nuclear fusion is complete. It's just one of the lies that the seventies radicals were given to run with. Somewhere between "nuclear power is perfectly safe", and "it cannot be made safe", lies the truth.

      November 11, 2010 at 1:23 pm | Report abuse |
    • Joel

      Nuclear power is the cheapest and cleanest power available to the public

      November 11, 2010 at 1:29 pm | Report abuse |
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