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. Kevin

    While I agree that the promotion that this is going to "save the world" is crap, I do have one question.
    We all know it still takes coal to generate the electricity, but no one here has proven that it takes an equivalent amount of coal to produce the electricity to charge as it takes to fill up a regular car's gas tank.

    If you use less fossil fuels to generate electricity that you would just burning gas in a car then their still are savings.

    November 11, 2010 at 1:11 pm | Report abuse |
  2. Drew

    Criminal waste of money.The GE shareholders must be so pleased ,especially now that GE will have a long wait for the new and improved Congress to bail it out of its managers' stupidly

    November 11, 2010 at 1:16 pm | Report abuse |
  3. Joel

    GE & GM are enemies of America as far as I am concerned. They are both Cap & Trade coconspirators and can go bankrupt for all I care. Those money hungry freedom stealing hustlers and their cronies should be in jail or doing community service for the rest of their lives.

    November 11, 2010 at 1:23 pm | Report abuse |
  4. Richard

    GE makes the batteries in China.. GM sells half its stock to China.. American taxpayers pick up the bill for all of it.. we only need to sell 988,000 more Volts to break even. Of course us breaking even makes China a huge profit, international trade.. isn't it wonderful?

    November 11, 2010 at 1:25 pm | Report abuse |
  5. Steve

    So, Government Electric is going to buy 25,000 cars that nobody else wants from Government Motors that, because they're plugged in will get about 50% of their power from coal power plants and probably use -more- energy to get from point a to point b because of the weight of the battery. How... uh... Green?

    November 11, 2010 at 1:33 pm | Report abuse |
  6. Michael D

    This car only gets 36mpg. For $41,000 ???? That's a RIPOFF!

    November 11, 2010 at 1:43 pm | Report abuse |
  7. Jim Baker

    This isn't how new jobs get created folks. It is how old jobs get perpetuated. GE curries favors from the Government by "going green" and then collects huge taxpayer funded government contracts as GE's reward. GE thanks the government by spending some of the profits from the government contracts on the taxpayer supported General Motors. Meanwhile, the private economy (the source of all taxes) watches while the government uses tax money to buy a giant automaker in order to preserve the jobs and retirement pensions of the membership of several bloated labor unions. The labor unions thank the government by spending record amounts of their membership's union dues to re-elect the politicians in Washington who bought the damned automaker. It smells like a typical government fleecing of the taxpayers.
    Wake up people, they are stealing us blind and telling us about all the wonderful things they are doing for us with our money.

    November 11, 2010 at 1:49 pm | Report abuse |
  8. Bog & Bam

    If most of the commenters here lived during the introduction of steam, we would all still be using horses to get around. I guess that is why they are called "Conservatives", they are afraid of change.

    November 11, 2010 at 2:01 pm | Report abuse |
    • Joel

      Conservatives are not against change in general but the height of stupidity is to subsidize a product that is not what it claims to be or is technological advanced enough to meet the needs of the consumer. Change for conservatives is predicated on risk & rationality and not on pie-in-the-sky hopes and dreams. Why not buy a Diesel instead of that tiny hybrid or is a diesel not the right kind of change. Maybe diesel technology is too simple, too efficient and the cars are too big & safe for you.

      November 11, 2010 at 3:28 pm | Report abuse |
  9. Dan F

    Government motors doing business with Government Electric while both get bailed out by the American taxpaer

    November 11, 2010 at 2:01 pm | Report abuse |
  10. Vince

    The Volt is not an electric car, it is a hybrid. GE should by the Honda or Prius versions which are tried and tested, vs. GM which isn't known for producing anything of quality.

    November 11, 2010 at 2:05 pm | Report abuse |
  11. jason

    Government Electric buying cars from Government Motors is the same as an author buying 1000's of his own books to increase his sales ranking. Money from one pocket and into the other. Pathetic. Moon base living is looking pretty good right about now...

    November 11, 2010 at 2:07 pm | Report abuse |
    • Joe Rivera

      Don't let the door hit you in the keister.

      November 11, 2010 at 2:32 pm | Report abuse |
    • Nacilbuper

      This sounds like a good way for GM's stock to rise so they can "Pay Back" the loan. Right.... I wonder what kind of tax breaks for other back room deals were made for this.

      November 11, 2010 at 3:44 pm | Report abuse |
    • Mike in Montana

      The old Eco-Nut/Government shell game, and it goes back to the first Jimmy Carter.
      Subsidize and pump up the scam.
      Get your corporate backers to buy your worthless cars.
      Funnel money into your worthless wind farms to make them look practical.
      Cover up the failures of your solar companies with taxpayer "stimulus" dollars.
      Subsidize "alternative fuels" that do nothing but jack up the price of corn to keep Democrat-run states above water.
      Alter reports used for "justifying" drilling moratoriums to make it look like scientists back your ludicrous, job-killing position.

      GE=Soros and Obama
      GM=Soros and Obama

      A car that stills uses gas with *gasp!* a whatever mile range!
      I have one of those already.
      So which do I want?
      A Government Motors Edsel I can't get parts for, that uses cancer-causing components that will wind up in a landfill?
      One that I have to take in to the frighteningly incompetent GM dealers to repeatedly fix?
      Or a Toyota, Honda or Ford that won't fall apart on me?

      November 11, 2010 at 4:21 pm | Report abuse |
    • decredico

      Poor analogy.

      November 11, 2010 at 4:58 pm | Report abuse |
    • prof dumb bull dorf

      History is a learning tool...about one hundred yrs ago two men sat on horses and laughed at the noisy, smelly motorized wagon rolling into town.."never work" they said. How's your horse doing Jason?
      p.s. Google how many Fords were bought by the Govt during WWI to help win the war and you may save yourself an expensive moon vacation.

      November 11, 2010 at 5:36 pm | Report abuse |
    • Greg

      Good reason for GE to buy from GM,is GE is building a new Battery Manufacturing plant in Schenectady,NY...I worked for Ge for nearly 40 years,they don't do anything with out a motive....

      November 11, 2010 at 5:59 pm | Report abuse |
    • ttesq

      Comments aside.....I always love when some idiot like Rivera replies with comments like "don't let the door hit you...." I find it amusing that these comments generally come form individuals with Latin surnames and from States like California that are economically and culturally bankrupt due to the influx and support of illegals.....of course, this would explain the over 50% drop out rate of illegals from L.A. high schools....a viscous and ongoing circle of ignorance.

      November 11, 2010 at 7:15 pm | Report abuse |
    • kykooky

      General / President Eisenhower, on his way out the door after two terms, warned the U.S. of the "military-industrial" complex.

      The GE / GM deal is the epitome of the "government-industrial-labor" complex, an example of our tax dollars at work.

      A pox on them all.

      November 11, 2010 at 9:38 pm | Report abuse |
    • t

      I am starting a fund so you can live your dream on the moon. Air is extra.

      November 11, 2010 at 9:59 pm | Report abuse |
    • Jerome

      GE has become a clownish operation under Immelt.

      November 12, 2010 at 12:12 am | Report abuse |
    • gommygoomy

      It's called a QUID PRO QUO. It's what SC*MB*GS do. It's what CROOKS do. And don't be surprised it turns out that this was all TAXPAYER MONEY buying these cars.
      This is what you get when you elect a CROOKED SC*MB*G Marxist ex COKE HEAD.

      November 12, 2010 at 7:22 am | Report abuse |
  12. Bill

    Does Jason already live on the Moon? Does it really matter who buys electric cars, versus whether we clean up our act and use a lot of high tech to reduce our pollution and dependency on oil? It sounds like he is more interested in slamming some large corporation than helping our economy while we help our ecology. Somehow the phony liberals only want stuff that makes us less comfortable, as opposed to products that perform just like they do now only use a lot less to do it. Or maybe he's a union jerk who is afraid of losing jobs when we make cars that use 1/2 the parts.

    November 11, 2010 at 2:18 pm | Report abuse |
    • BrianP

      The thing about this car is that it is infact not all electric. It still uses gas. Therefore we are still relying on black gold. google Tesla Motors for the answer.

      November 11, 2010 at 2:27 pm | Report abuse |
    • Richard

      Bill:

      Why bother with alternative energy. As soon as someone comes up with an effective power resource guess what. Some liberal group will appear and say that it causes Cancer; or the oceans to rise; or the oceans to fall; or the Earth to get to hot; or to get to cold; its the same story. Everything we do causes us to die and the world to end, especially if it is cheaper than the product they want you to buy or to be mandated to buy. Yet life expectancy keeps rising.

      We can't put in Nuclear Energy beacause its too dangerous. Yet no one was hurt during the problem at 3-mile isalnd which is the worst Nuclear disaster in US History. Oil works and is cheaper than everything else. Believe me, if someone comes up with a better way that is cheaper, no one will want oil. Instead I have to pay 10 times as much for something else with the reason that Oil is too expensive.

      November 11, 2010 at 2:36 pm | Report abuse |
    • Nacilbuper

      What are they going to do when the batteries die and it cost them 20 grand to replace them?

      November 11, 2010 at 2:48 pm | Report abuse |
    • Maalox

      Aren't the batteries in this car toxic therefore bad for the environment?

      November 11, 2010 at 3:14 pm | Report abuse |
    • Larry

      Excuse me but GE took bailout money.
      Jason is correct in his remarks. Paying youself to show a profit is downright BS

      November 11, 2010 at 3:16 pm | Report abuse |
    • Tom Bosley

      c'mon guy. electric cars pollute more than gas cars. Where do you get the electricity gonad? COAL!!! You are converting energy more than once. Each time you convert, you lose some. You've been bamboozled into believing a lie. Come up with some real innovative ideas yourself or shut up!

      November 11, 2010 at 5:31 pm | Report abuse |
    • chazzjr

      Just two questions. What are they gonna do with all of them lead filled batteries in a few years when they won't hold a charge anymore and isn't lead one of the most dangerous elements on earth? Ya know, we've spent hundreds of billions of $$$ cleaning up "lead based paint" in buildings. Why isn't anyone talking about that???

      November 11, 2010 at 5:44 pm | Report abuse |
    • Joe America

      Bill, your clueless. if the car had 1/2 the parts it would cost 1/2 of what they cost. it has 2x the parts so it cost 2x as much.
      Second, where is all of the power for these stupid electric cars going to come from.. the power grid, not from some "free" sunshine. your going to need at nuclear power plants to just to charge those 25k cars. Your electricity costs are going up as more cars come onto the grid and you don't allow more power plants to be built.

      November 11, 2010 at 9:07 pm | Report abuse |
    • Jim in Texas

      Chazzjr & Joe America

      There is no lead in the Volt battery. It's lithium ion. Far more advanced – it's basically an oversized version of a laptop battery. You can recycle these & the ability to recylcle will only get better with time.

      NO new power plants are needed – not for a long time. Power plants in the best locations for the use of EV's – southern states, hot climate areas – sit idle at night now when lights are off and AC isn't running as much. Power will be cheaper for everyone if we use these plants at night to recharge electric cars.

      November 11, 2010 at 10:22 pm | Report abuse |
    • Doro

      THIS STORY IS UNBELIEVABLE!!!!!!!
      The Volt was supposed to sell for approximately $42,000 while the Prius and Leaf models are less than half of that price. The real question is this; How much U.S. Government subsidy/stimulus money is GE going to get to purchase these 25,000 electric cars that the public does not want, and cannot afford, just so GM and the Obama maniacs can say that the Volt is a success. The next story that we will hear is the one about how many thousands of these Volts the Government is going to buy, and then FORCE the military to use. ABSOLUTELY UNBELIEVABLE !!!!!!!!!!!!

      November 11, 2010 at 10:37 pm | Report abuse |
  13. Randall

    One company battling to stuff its snout in the global warming trough making Government Motors look smarter than it is by buying cars nobody wants, in the hope of currying more favor (and more of our money) from government.

    Lady Thatcher: The trouble with socialism is you eventually run out of other people's money.

    Someone needs to tell Jeff Immelt it's time to get a real job.

    November 11, 2010 at 2:19 pm | Report abuse |
    • Bones

      Bingo. GE is trying to promote their WattStation recharging stations. If there is no demand for the cars, there will be no demand for those recharging stations. Several of the other articles noted GE's WattStation; this reporter failed to realize that obvious motivation.

      GE may have some altruistic reasons for making the purchase, but their primary reason is to generate value for the stockholders. In other words, corporate greed.

      November 11, 2010 at 5:46 pm | Report abuse |
    • chuckee

      I agree. GE uses to be an innovative profitable company until Immelt took the helm. He is the worst CEO in the country taking an innovative company and converting it to one whose existence noe depends on the largesse of government subsidies for hackneyed inefficient green projects and products for which there would be no market except for government mandates.I am sure this purchase is an example of Immelt currying favor with the government. The shareholders should be up in arms

      November 11, 2010 at 8:48 pm | Report abuse |
    • t

      Hey dum dum. Did you hear that oil will be $200 a barrel in 3 years. Those electric cars are going to look real good when gas is $12 a gallon.

      November 11, 2010 at 10:02 pm | Report abuse |
  14. james

    Talked to a guy who used to own a Tahoe Hybrid ,...for 6 months. It spent 5 months in the dealership for repairs.

    November 11, 2010 at 2:20 pm | Report abuse |
    • HybridHappy

      I have a Tahoe Hybrid and I love it! It gets 17- 18 miles to the gallon on average (and I don't take it easy) and it's NEVER had a mechanical issue, unless you count a broken door lock (probably caused by kids). It makes a 40 minute commute to and from work every day, carries all the kids, the groceries and will even pull a small trailer! Sorry you had a bad experience, but maybe you're the exception, not the rule. Personally, I don't really care if GE bought GM cars–but I couldn't let you bad-mouth my Hybrid!

      November 11, 2010 at 3:03 pm | Report abuse |
    • reg tahoe owner

      I have a standard gas Tahoe and I get 17-20 mpg and I paid less than the hybrid people. So guess what hybrid owners you pay more per mile than other peole just to feel good. My youngest daughter wants a '65 lincoln convertabile, which I will put a new crated motor in. She will get the same milage as my tahoe and she will look good doing it.

      November 11, 2010 at 3:48 pm | Report abuse |
    • royp

      Hybrid Happy – I've got a 2004 Ford Explorer that gets 18 MPG, what's the big deal with your hybrid?

      November 11, 2010 at 4:26 pm | Report abuse |
    • Mike

      Good gosh, a hybrid Tahoe only gets 17-19 mpg? My 5.7 liter Hemi Jeep Commander gets 16-19.

      November 11, 2010 at 4:35 pm | Report abuse |
  15. miguelpescado

    Jason, GE is not owned by the government. GE is not Government Electric. Although, I agree with Government Motors description.

    November 11, 2010 at 2:21 pm | Report abuse |
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