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. Jim in Texas

    As a staunch conservative, and no fan of Obama or the UAW, I am nontheless compelled to respond to the MORONS who are commenting on this article. Michael D, David, etc. – you will know you fits in this group when you read this.

    GM has been developing the VOLT for nearly 2 decades, since they discontinued the EV-1 car because the battery techonology siimply was not available to make an EV possible. They did not develop this as a response to pressure from Obama. It is simply an example of superior American engineering, and the Volt will outclass every previous hybrid or electric car on the market. "Blownfuelcoupe" – the Volt does not leave you stranded after 42 miles. What you are referring to is "range anxiety". That occurs with stupid designs like the Nissan Leaf. Even while the Leaf is just being introduced, 3rd party companies are offering a "trailer" add-on – with a generator on it – as an "accessory" for the Leaf. Good luck with that. The Volt can go more than 300 miles – if necessary – on a single tank of fuel. If you use it for short trips – you do NOT generate the electricity with gasoline. Is it worth $41K? How much is it worth to you to only visit a gas station a few times a year? How much can you save if you cost per mile is less than half the fuel costs of a gasoline or hybrid? BTW – the Volt's production figures will be ramping up quickly, so the costs will come down. It is already a completely cost effective vehicle for many drivers who put on a lot of miles while returing to a cental point. Every pizza delivery place, every flower shop, etc. will be using vehicles like this very soon – as they can operate much cheaper per mile, and recharge every time they return to base – greatly extending their range.

    Wait for a electric vehicle from Ford? Good luck with that too. Ford is YEARS behind GM in electric vehicle development. Want to thank Ford for not taking help from the government? Fine, but understand that the only reason Ford did not require a bailout was that they refinanced a huge portion of the company, and were sitting on mountains of cash, right before the subprime crisis hit in 2008. They were lucky – and good for them. But understand also that Ford UAW employees are now the most beligerent in the industry. They were not forced to make all the concessions that GM and Chrysler employees made – and UAW Ford local unions are already fighting for more.

    It's too bad the the bailouts for GM and Chrysler were necessary. It's too bad that the market for auto's dropped 40% overnight in the fall of 2008 – leading everyone in the industry to suffer huge losses. TOYOTA lost more money in the period right after the crisis than GM did (LOOK IT UP). Any heavily capitalized industry like auto manufacturing is going to get clobbered with the market drops that much. That's why auto companies have always employed their own economic forecasters. Without the crisis and the bailout – GM was already on the way to recovery. Barrons' in June 2008 had a cover story "BUY GM" – when their stock was at $17 and Barron's thought headed to $50 because of great new products coming out like the Volt and the Chevy Cruze.

    GM did not cause the financial crisis that led to the bailout. Liberal Democrats like Barney Frank and Chris Dodd, who pushed Fannie Mae and Freddie Mac into subprime loans, caused the crisis. Wall Street made things worse with the credit default swaps that were used to sell off those risky loans. GM was caught in a financial storm that others made. At the time of the crisis, GM had ALREADY gotten union concessions that reduced pay to HALF RATE for new employeees, they ALREADY had a plan to offload their biggest cost albatross – union retiree healthcare, to the union. GM didn't ask Obama to screw over bondholders to help the union – blame that on those that voted for Obama in the first place.

    If you have half a brain in your head, you will stop bashing GM. If you want this country to have REAL economic recovery, nothing could be better than a real revival of American based manufacturing. The Volt, the battery for the Volt, and the engine which will power both the Volt on-board generator, and the Chevy Cruze, will ALL be made in America.

    The Volt will end up being the most significant new car since the 1964 Mustang, or maybe even the 1912 Caddillac which introduced the electric starter and a host of other auto innovations.

    November 11, 2010 at 2:23 pm | Report abuse |
    • Jovan Jaratz

      Well, Jim, now we know what you GM execs do 90% of your day. Troll internet blogs and try to make Obama Motors look even semi-competent.

      November 11, 2010 at 3:04 pm | Report abuse |
    • Doug

      More like the "Edsel"

      November 11, 2010 at 3:07 pm | Report abuse |
    • Einstien

      Hey Genius, since when does electricity come from a socket for free. You suck, I don't. Your an idiot, the rest of us aren't. Shove it!

      November 11, 2010 at 3:17 pm | Report abuse |
    • Ratt

      The VOLT will never make it. $42,000 ??????? Who can afford to buy this beast ? And, you are wrong Bill, GE is in the DNC's backpocket every election, as a Conservative you would know that. So, you might as well call them Goverment Electric. And, besides that, we bailed out GM so they can make an electric vehicles we can't afford, reckon they must have used that bailout money to fund the SEIU pensions , eh ? VOLT, 40 years in the making ? Hahahahaaaa, don't make me laugh. The VOLT is pure political BS. Why else would GE buy all of them. You ain't much of an Engineer if it took you 40 years to build a joke. And, we all know it was Big Oil who killed the EV. Why did GM crush every EV they made ? The manufactures of the battery for the EV sold their company to a Chinese firm who dismantled them. The EV would have put a hurting on Big Oil and we can't have that, now can we. Protectors of the black gold.

      November 11, 2010 at 3:46 pm | Report abuse |
    • Pat in Pittsburgh

      Won't they have to plug those cars in an awful lot at those pizza places that will use them? You may not have to buy gas much all year, but your electric bill is "necessarily going to sky-rocket". I'll keep my Hummer thanks

      November 11, 2010 at 4:08 pm | Report abuse |
    • Berniethejet

      Jim in Texas is right. Even if he is wrong, you blamerists need to start supporting America and American companies, even if you don't like them. The foreign companies are worse.

      November 11, 2010 at 5:24 pm | Report abuse |
    • Jim in Texas

      Pat in Piittsburgh,

      Exactly why to you think your electric bill will go up if people start using electric vehicles? The most likely result is that the average cost of electricity will go DOWN. Power plants – especially those in hot climate states – where the peak demand is set by air conditioning usage during the day – will be run far more efficiently if we adopty EVs. Those plants can run at much higher utilization at night instead of sitting idle. That will allow the power companies to cover more of their fixed costs quicker, thus lowering their cost structure – and in a unregulated market – your power bill should DROP.
      Even if you get an EV and charge it every night – your net cost for power (added electrical bill minus gasoline saved) will be very much in your favor.

      November 11, 2010 at 6:37 pm | Report abuse |
    • ohmanya

      Pay no attention to the man behind the curtain.
      Wait until they start taxing the electricity used in electric cars. They will have to do that to recover the road taxes they will lose with plugin cars. it's not a level playing field. But when is anything the gov gets involved in even.

      November 11, 2010 at 7:34 pm | Report abuse |
    • Kevin

      Ford doesn't need to build a hybrid. They only need the USA to allow them sell their Fiesta here ......like they've been doing for decades in Europe. You remember the Fiesta. Smalll, dependable, and great gas mileage.

      November 11, 2010 at 9:30 pm | Report abuse |
    • John in Arizona

      To Jim in Texas,
      Obviously you (Jim) are well read for just GM only. I also agree if GM (and to a far lesser degree Chrysler) went out of business then the entire supply base to all automotive manufacturers (e.g. Toyota, Honda, Ford, etc.) and related industries (John Deere, Caterpillar) would have been severely crippled as well. A very large % of the U.S. manufacturing base would have been totally wipe out...........most people have no idea of the "domino" effect that would have occurred if the largest automotive manufacturer in the world (at the time) completely shut its doors.

      On the other hand, I think you minimize Ford Motor Company’s resurgence not just in financing it's way through this difficult period. I say this because Ford is also now on the top of all the leading quality and reliability studies as well also the leader in safety, technology (e.g. Synch, Eco boost, My Touch, etc.) but also in electric vehicles..............there approach is far broader than GM's limited Volt only .............For example, the Transit Connect all electric commercial vehicle will be launched in early 2011 for the commercial customers that have a specific mileage of less than eighty miles per day. For those concerned of range anxiety, the Ford Focus plug in Hybrid will get great range, plus a totally reengineered vehicle that will be sold globally in over 70 countries. I could also talk about the all-electric Focus as well..........but think that you your dismissal of Ford's low profile initiative to electric vehicles and their many different derivatives is far more sustainable approach to the different needs in the marketplace, especially in light of the electric infrastructure not being readily accessible.

      November 11, 2010 at 9:56 pm | Report abuse |
    • t

      When gas prices are around $12 a gallon, and we are headed there within a few years, then the electric car will look great. And every one of these cars that hit the road, we don't put our cash into the hands of our enemys. You know, that slime from the middle east.

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

    Hey Bill the energy for that Elecric car is generated most likely in a Coal fired Power Station. Very dirty.

    November 11, 2010 at 2:24 pm | Report abuse |
    • Jim in Texas

      Or maybe nuclear, or maybe natural gas. If you don't like electricity – then go live in a dark cave.

      November 11, 2010 at 2:37 pm | Report abuse |
  3. Ter

    The Chevy Volt is the worst car ever made.
    "The Volt took just under 29 months to engineer and design, and developers had to use Rhapsody to provide simulations for the battery to make sure it would not fail. The lithium-ion battery is designed in the shape of a “T” to power the electric drive unit, allowing the car to drive 40 miles easily"
    40 miles on a battery and the rest on gas. Oh yea, what a saver that is.

    November 11, 2010 at 2:25 pm | Report abuse |
    • Jim in Texas

      Ter,

      How far do you commute to work? Less than 40 miles? When you company sets up charging stations for employees with EV's – make sure aren't a hypocrite and ending up taking one. Save the huge fuel savings for those with a brain. Better yet – go by a Nissan Leaf – driving as far into the desert as you can – and then rot there.

      November 11, 2010 at 2:32 pm | Report abuse |
    • Jim in Texas

      BTW,

      The "t-shape" battery pack is not a new development. It was the most efficient use of space on the vehicle. Same shape was used for the old GM EV-1 – except that one weighed 1600 lb. (lead acid batteries) and had a fraction of the power of the Volt battery pack (400 lb).

      November 11, 2010 at 2:35 pm | Report abuse |
    • Jovan Jaratz

      Jim in Texas? Answer this:

      1. How long will that Molt battery last, i.e., miles/years?

      2. How much will it cost to replace that battery in terms of dollars and lost time for the consumer?

      3. How much coverage will there be for those charging stations during the next, oh, 4 years?

      November 11, 2010 at 3:07 pm | Report abuse |
    • BillsBowl

      How many of those batteries will I need to run the fog lights on my F350?

      November 11, 2010 at 5:14 pm | Report abuse |
    • alkalinfan311

      the consumer will actually lease the batteries from gm.

      November 12, 2010 at 6:42 am | Report abuse |
  4. JustAGuy

    Wow! Talk about one Obama corporate ally scratching the backs of another Obama corporate ally!

    The Chevy Volt IS A FRAUD! It's NOT a zero emission vehicle, it's an overpriced-under-performing hybrid!

    Auto critics discovered there's an engine in it because there's no power sources for recharging it after it reaches it's 40 mile range. GM said it's for recharging it's batteries. But the Volt cannot reach safe highway speeds on it's electric motor. The engine is there to kick in and boost the Volt's top speed!

    THE VOLT IS A FRAUD!

    November 11, 2010 at 2:29 pm | Report abuse |
    • Jim in Texas

      You are right, and to prove your point – go buy a Nissan Leaf – and a REALLY long extension cord. That'll make you feel smart for not having an on-board generator to extend the range!!

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

      I wouldn't buy a Nissan Leaf either. My point is the Volt is a fraud! It's NOT a zero emission vehicle, it's an over-priced, under-performing hybrid! Nobody in their right mind would spend $41,000+ for this thing.

      So why is GE wasting all this money when there are far better alternatives? Is GE engaging in corporate welfare for GM? Will GE be getting special tax-dispensations from the Obama administration for this move that makes no sense?

      November 11, 2010 at 2:53 pm | Report abuse |
    • John in California.

      Chevy Volt can go the distance

      http://money.cnn.com/2010/11/08/autos/chevy_volt_long_drive/index.htm

      Jim in Texas, how right you are!

      I live in California and my commute is about 20 miles. I can't wait to get my hands on this car. If I had a volt
      I may not pump gas again.

      November 11, 2010 at 2:58 pm | Report abuse |
    • Jim in Texas

      Who is calling it a "zero emissions" vehicle? The big debate in the media has been those who want to call it a hybrid – it is NOT. No hybrid can make a typical local trip on only electic power. The Volt is essentially what the Nissan Leaf is not – it is a practical electric vehicle that can serve as someone's only car. WIth a car like the Leaf – what if you are out driving, and suddenly get a call from a family member or friend across town who needs help? (beyond your "range"). The Volt combines the practicality of an all electric vehicle for most uses, along with the flexibilty and safety of being able to extend the range well beyond the battery only mode for longer trips when needed. In all electric mode, It operates at a fraction of the cost per mile for fuel of even the best hybrid. In generating mode, it will still be among the most fuel efficient cars on the market. The only "losers" with the launch of vehicles like the Volt will be the oil companies and gas stations.

      November 11, 2010 at 3:03 pm | Report abuse |
    • JustAGuy

      John in California. You just made my point. As a zero emission vehicle, the Volt has a 40 mile range between charges. As an over-priced, under-performing hybrid that traveled from Washington DC to New York with a 37 mpg average, it's missing the point of it all, quite badly!

      November 11, 2010 at 3:04 pm | Report abuse |
    • JustAGuy

      I'm sorry I used the term zero-emission vehicle. I gleaned that term from the eco-enthusiasts. I thought that was the goal, Obama, Al Gore, and all the green folks were after? Now we're qualifying the terms. It's like when the global warming folks started calling it climate change when they saw the data was not cooberating their claims.

      November 11, 2010 at 3:07 pm | Report abuse |
  5. james

    Re reliability and desireability Goverment Motors cannot compete with Ford, See Road and Track, British, Car Magazine and Consumer reports. Proof is in the eating. Spin it every way you wish GM is bancrupt Ford is NOT. AND worse the CHINESE are buying piece of GM.

    November 11, 2010 at 2:36 pm | Report abuse |
    • Jim in Texas

      James,

      The Chinese company buying a part of GM is also GM's longtime manufacturing partner in China. Including their partnership, GM is the #1 car builder in the Chinese market, and they SHIP IN to China many of these cars. GM sells more Buicks in China than they do in the U.S., and also sells tons of U.S. made parts into China. Is that a bad thing??

      November 11, 2010 at 3:06 pm | Report abuse |
  6. Bill

    James, first of all, new coal fired plants are not dirty. Next, when I'm charging my Volt at night, the capacity of our electric grid system is much below the limit, so there is excess power, and the generating plants are working at a lower efficiency because of it. So, I will actually be using power that is otherwise wasted, and the real cost of off-peak electricity is far below the peak rate. The issue of where the power is generated is moot, since the advent of electric vehicles will have little or no impact on the total power needs. Add to that new sources from wind and you have an situation where we would be looking for more things to do with excess capacity, especially at night while I'm asleep.

    November 11, 2010 at 2:37 pm | Report abuse |
    • Jim in Texas

      Excellent points.

      Overnight charging of the Volt – especially in hot climate states in the south – will lead to much more efficient use of our existing energy infrastructure.

      November 11, 2010 at 2:46 pm | Report abuse |
    • JustAGuy

      Overnight charging will be sufficient as long as you make sure you never let your $41,000+ investment go beyond 40 miles.

      I know! You can use your $41,000+ investment for quick trips to the mall or to the local park. Then when you need to do some real traveling, you can use your car that runs on gas.

      November 11, 2010 at 2:57 pm | Report abuse |
    • Jim in Texas

      Gee,

      If the Volt goes 40 miles on electricity only, then assume maybe your round trip to work takes 50 miles, or 250 miles per week, 50 of which would be using gas. The volt will have a 9 gallon gas tank, and at 40 miles per gallon in extended range mode, that means a tank of gas in the Volt should last nearly two months. Try that with your hybrid.

      November 11, 2010 at 3:11 pm | Report abuse |
    • Jim in Texas

      Justaguy,

      Is 300+ miles of range not enough on one tank without stopping?

      http://green.autoblog.com/2010/07/01/report-volt-gas-tank-holds-9-gallons-total-range-could-be-near/

      November 11, 2010 at 3:12 pm | Report abuse |
    • t

      Bill, why argue with stupid people. Make your good points, and dont respond to the moronic returns. They be jus stupid.

      November 11, 2010 at 10:15 pm | Report abuse |
  7. GEShareholderno

    GE was trading around $60/share in 2000, and is now at $16. Capital purchases like this one with a significant negative return on investment may send the stock even lower as shareholders question the executive decision making.

    November 11, 2010 at 2:41 pm | Report abuse |
    • Jim in Texas

      Or,

      Maybe GE will benefit greatly, as the infrastructure for EV's grows, and they want to jump start that process. The economics of EV's already works for many applications, and will only grow as the cost per vehicle drops.

      November 11, 2010 at 2:49 pm | Report abuse |
  8. Proud Aryan

    Obummer probably bought them. I'm so sick and tired of this MUSLIM pResident not taking any action and ruining our reputation by cowtowing to these TERRORISTS in PAKISTAN. Maybe if we talk to our congressmen they will find a way to show his real BIRTH CERTIFICATE from KENYA. We need to have this tea party movement grow so that we can go back to the principles of our founding fathers. Allow slavery and segregation in certain states so that we can keep the minorities in line so they don't cause too much trouble because it worked in the past. TEA PARTY '10!

    November 11, 2010 at 2:42 pm | Report abuse |
    • t

      yea, go, palin/gingrich in2012. That way, I get "O" back for sure.

      November 11, 2010 at 10:17 pm | Report abuse |
    • Mikety

      Ha, ha, great, Aryan. Pretend to be a Tea Partier and then unload a bunch of racist crap to try to smear Tea Partiers. Why not argue your policy points on the merits instead of being a disingenuous plant? Do you go to Tea Party rallies and wave signs with Obama sporting a Hitler mustache? Is that what you learned in liberal Alinsky tactics 101? Pathetic!

      November 12, 2010 at 7:11 am | Report abuse |
  9. Bill

    You should all read some of the engineering details about the Volt. It is in fact a marvel of engineering technology designed to provide the driver with an experience very close to a traditional car. The 4 cyl. motor does not, repeat does not, drive the wheels of the car directly. It does, however, provide energy to the batteries so the car will run as it usually does. It is seemless, and I have now seen several independent test reports that show trips using the backup engine after the 40 miles that average a net of around 100 mpg. Not bad for something that is a "fraud" and piece of junk. Over 120,000 buyers have already plunked down deposits for Volts, even though they will only make 10,000 in 2011.

    November 11, 2010 at 2:46 pm | Report abuse |
    • Jim in Texas

      Bill,

      Some of the people posting here do not get it. Mainly, I think a lot of people who are down on the Volt think this is something just "cooked up" in the last few months by Obama. As a former GM engineer myself, who was there when the EV-1 went into production, and agreed with the decision to kill the car due to battery deficiencies, I KNOW that the Volt is the culmination of a 20 year development process.

      Hopefully when the Volt is a world-beating success – some of the naysayers here will return to eat their crow.

      November 11, 2010 at 2:53 pm | Report abuse |
    • JustAGuy

      I'm sure there will be a zero-emissions vehicle that makes sense, and the market will respond positively. But the Volt that we are discussing IS NOT THAT CAR!

      November 11, 2010 at 3:00 pm | Report abuse |
    • GEShareholderno

      I agree. It will be a a HUGE success when the average consumer who buys an SUV today will turn around and buy one because it can go long distances (Thanksgiving to visit family), be recharged along the way in minutes (like fossil fuels), and is affordable (without subsidies).

      November 11, 2010 at 3:03 pm | Report abuse |
  10. edwardo

    If i owned GE stock I would fire the CEO! can he be a bigger buttboy for Obama or the greenie weenies at stockholder expense, oh i forgot, he and Buffet are buddies with Obama! a waste of money, wait and see, they will trash these cars with in the year, but you will never hear about it. It is obvious where GE stands and why: Profits from inside deals, based on nebulus science, how successful can GE be long term with this type of leader?

    November 11, 2010 at 2:59 pm | Report abuse |
  11. edwardo

    what you all do not get is that engineering alone does not make a economic success, and engineering is not a perfect science, any fool knows that no one wants the first or second edition of anything, and this is unproven technology, based on politics, it is a Yugo in the making.

    November 11, 2010 at 3:01 pm | Report abuse |
    • Jim in Texas

      Exactly what politics is the Volt based on?

      The Volt is a result of more than 3 decades of EV research at GM, research that ALREADY produced a much loved electric car, the EV-1, that really WASN'T practicle due to the battery techology in the early 1990's. The VOLT is a practical vehicle.

      November 11, 2010 at 3:15 pm | Report abuse |
    • Jim in Texas

      Edwardo,

      At the time, a Model T was unproven technology. When Cadillac introduced the electric starter in 1912, that was also unproven. When GM invented airbags in 1973, those were unproven.

      Will subsequent versions of the Volt make improvements, ABSOLUTELY – but GM has spent 20 years – since dropping the EV-1 electric car (which many owners LOVED), refining this technology. This is not a response to Obama or anyone in the environmental movement. This is American engineering at it's best – and it's going to be very successful.

      November 11, 2010 at 3:25 pm | Report abuse |
    • JustAGuy

      Jim in Texas, it appears you are stating over and over that the Volt is a result of 20 years of research, therefore it'll be a success. That's NOT going to drive customers to the showroom to drop $41,000+ for a Volt.

      If/when the Volt, or any other zero-emission car meets the needs of consumers, and at a price-point that they can absorb, only then will that car become a success.

      November 11, 2010 at 3:30 pm | Report abuse |
  12. Bill in Birmingham

    I traded in my old high mileage Toyota Pickup during the cash for clunkers fiasco, and now, a year later, I wish I had kept
    my old truck. It makes me sick to think about how many old vehicles were destroyed just to make the greenies feel good, when, in reality, the overall effect was bad for the environment, because of all of the wasted energy used in building new vehicles. It was also bad for anyone wanting to buy a used car, because the prices increased. The Volt is just another greenie feel good fiasco, and we would be better off repairing used cars instead of building new ones.

    November 11, 2010 at 3:04 pm | Report abuse |
  13. edwardo

    IF this were as successful as they say, then why do we the taxpayer have to underwrite it to the tune of $17000 per copy! what business can stay in business selling something that costs a -$17000 to sell! without obama and UAW payoffs, GM would be history, it will be interesting to see what the Chinese say about this in the future, soon.?

    November 11, 2010 at 3:04 pm | Report abuse |
    • JustAGuy

      Excellent point! It's clear that there's more to this than just wanting to buy a fleet of electric cars to meet some business need. On it's face, this purchase makes NO sense. GE shareholders gotta be scratching their heads.

      November 11, 2010 at 3:14 pm | Report abuse |
  14. AG52

    Just wondering if anyone knows how GE plans to use these cars and why they 25,000 of them?

    November 11, 2010 at 3:13 pm | Report abuse |
    • Jim in Texas

      When every pizza delivery place, every flower shop, every local business who does deliveries is using an EV in about 10 years, and when many of them return to "base" for hook-up to a GE manufactured quick charging station, tied into a expanded electrical grid using billions of $$ of GE components – maybe then you will understand.

      GE is making a very smart move. Kudos to them.

      November 11, 2010 at 3:18 pm | Report abuse |
    • GEShareholderno

      The delivery driver owns their vehicle, and will not likely be able to afford a $40,000 vehicle to deliver pizzas and make a $2.00 tip.

      November 11, 2010 at 3:24 pm | Report abuse |
    • Jim in Texas

      Pizza delivery people can drive 40,000 miles per year – all on short trips. With quick charging, nearly all this can be done on electric power only – saving $0.15 per mile or $6,000 per year. Count on Dominoes to kick in incentives for the good publicity, and the economics work out just fine. Even easier for companies who own their own delivery vehciles.

      November 11, 2010 at 3:28 pm | Report abuse |
    • JustAGuy

      Jim in Texas, with your calculation, you seemed to ignore the original capital costs to purchase this $41,000+ vehicle. At what point, will the Pizza Franchise break even? It's more likely that by the time they've completed depreciating the Volt's cost over 5 years, that they will still be in the hole. It makes more sense for the Pizza franchise to buy a new Chevy Aveo5. It starts at around $12,000 and it gets 34 mpg highway, that's just 3 mpg less than the Volt, and it's 1/4 the cost.

      November 11, 2010 at 3:39 pm | Report abuse |
    • Jim in Texas

      Justaguy,

      You keep going back to mileage ratings based on the gas engine running. For short trips – that will almost never kick it. The Volt will have a "city" rating of over 100 mpg – based on completely the majority of the standard 'city" driving simulation on electrical power only. Fuel costs for Volt on electricity are 2 or 3 cents per mile. You can't get close to that with ANY gasoline powered car.

      November 11, 2010 at 5:01 pm | Report abuse |
    • JustAGuy

      Neither calculation holds up.

      As a pure zero-emission vehicle, it's limited to 40 miles per charge. As a delivery vehicle, it could be exhausted by 2:00pm. As granny's car to make runs to the local store, it's a huge waste of resources.

      As a vehicle that will go on the highway, it's an over-priced under-performing hybrid.

      November 11, 2010 at 5:35 pm | Report abuse |
  15. lakeesha

    GE the only one to buy the junks.

    November 11, 2010 at 3:18 pm | Report abuse |
    • Jim in Texas

      Is that why there are already far more deposits on hand from people who want to buy a Volt than there will be available in the first year of production?

      Educate yourself about the facts before you criticize. The Volt will be the most significant new car introduction in decades.

      November 11, 2010 at 3:20 pm | Report abuse |
    • GEShareholderno

      To be clear, 100,000 Volts is not a significant number in the marketplace out of 10s of millions of vehicles sold. Especially, when GE is buying a 1/4 of them.

      November 11, 2010 at 3:28 pm | Report abuse |
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