Largest Electric Vehicle Purchase in History – 25,000

2011 Chevrolet Volt

This month, General Electric announced it is placing an order to purchase 25,000 electric vehicles by 2015 for its personal fleet. The announcement makes it the largest electric vehicle commitment in history.

GE’s current fleet of 30,000 vehicles will additionally have about 15,000 converted to run on electricity. About 12,000 of the purchased vehicles will come from General Motors, starting with the Chevy Volt in 2011, and additional models as they are built.

As to why an energy company would make such an investment, Fred Smith, CEO of FedEx and member of the Electrification Coalition, says its fairly obvious:

“By buying these vehicles, GE is helping ramp up production which will help lower the price of vehicles and their components and make electric vehicles more visible and acceptable to the public at large.”

…could generate up to $500 million in revenue for GE over the next three years

Bravo to General Electric. This type of investment does wonders to help solidify the EV into the culture, and drive production costs down for the average consumer.

Don’t think its all unselfish goodwill on GE’s part though. There are plans for distribution of their charging station “WattStation”, and among other ventures, a healthy electric vehicle market could generate up to $500 million in revenue for GE over the next three years.

Get Involved:

Support bipartisan legislation to electrify the United States Transportation System, including the Electric Vehical deployment act. Email your Senator through Electrification Coalition’s website here: Senator Email Form.

For their website:
Electrification Coalition is a nonpartisan, not-for-profit group of business leaders committed to promoting deployment of electric vehicles on a mass scale, to combat the economic, environmental, and national security dangers caused by our nations dependence on petroleum.

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