GE to convert half its global vehicle fleet to electric

GE has announced it will purchase 25,000 electric vehicles by 2015 for its own fleet and through its Capital Fleet Services business - the largest-ever single electric vehicle commitment.
March 2, 2012 Read time: 2 mins
"This transformation will be good for our business and for our shareowners. Wide-scale adoption of electric vehicles will also drive clean energy innovation, strengthen energy security and deliver economic value" - Jeff Immelt
940 GE has announced it will purchase 25,000 electric vehicles by 2015 for its own fleet and through its Capital Fleet Services business - the largest-ever single electric vehicle commitment.
The company will convert at least half of its 30,000 global fleet and will partner with fleet customers to deploy a total of 25,000 electric vehicles by 2015. GE will initially purchase 12,000 1959 GM vehicles, beginning with the 1960 Chevrolet Volt in 2011, and will add other vehicles as manufacturers expand their electric vehicle portfolios. GE and its partners will use a mix of electric vehicle technologies to meet their respective needs. Chevrolet Volts will roll off production lines this month and other automakers are bringing electric vehicles to market. As this occurs, the company says it is in a strong position to help deploy the supporting infrastructure to help its 65,000 global fleet customers convert and manage their fleets.

GE owns one of the world’s largest fleets, operates a leading global fleet management business, and offers a portfolio of product solutions including charging stations, circuit protection equipment and transformers that touch every part of electric vehicle infrastructure development. This enables the company to lead wide-scale electric vehicle adoption and generate growth for its businesses.

“Electric vehicle technology is real and ready for deployment and we are embracing the transformation with partners like GM and our fleet customers,” said GE chairman and CEO Jeff Immelt. “By electrifying our own fleet, we will accelerate the adoption curve, drive scale, and move electric vehicles from anticipation to action.

“We make technology that touches every point of the electric vehicle infrastructure and are leading the transformation to a smarter electrical grid,” Immelt said. “This transformation will be good for our businesses and for our shareowners. Wide-scale adoption of electric vehicles will also drive clean energy innovation, strengthen energy security and deliver economic value.”

For more information on companies in this article

Related Content

  • Electric cars – do zero emissions add up?
    August 9, 2013
    Buying an electric car may seem to be the green option when the energy label states Zero CO2 emissions. But that’s not the whole story when you factor in the electricity required to charge the batteries, and associated CO2 emissions created in electricity generation; the green benefits then become less clear. According to Vehicle Certification Agency (VCA), the latest Renault Clio 4, dCi 90 ECO, emits 83 grams of CO2 per kilometre travelled. In comparison the Electric Nissan Leaf, requires 173 Watts of elec
    Read More
  • EV fast chargers coming to Thailand 
    January 31, 2022
    Drivers will be able to use both Or and EVLomo chargers 
    Read More
  • Electric buses can ‘save millions’ for society and the environment
    September 29, 2015
    A city with half a million inhabitants would save about US$11.8 million per year if its buses ran on electricity instead of diesel, according to analysis conducted the Volvo Group and audit and advisory firm KPMG. The analysis has taken into consideration such factors as noise, travel time, emissions, energy use, taxes and the use of natural resources. The analysis was based on a city with about half a million inhabitants and 400 buses. If the buses were run on electricity instead of diesel, the total an
    Read More
  • Dubai launches autonomous vehicle strategy
    April 26, 2016
    Dubai has taken a major step towards autonomous vehicles with the launch of its Dubai Autonomous Transportation Strategy, which aims to transform 25 per cent of the total transportation in Dubai to autonomous mode by 2030. The Dubai Autonomous Transportation Strategy is expected to save US$6 billion in annual economic revenues by reducing transportation costs, carbon emissions and accidents, and raising the productivity of individuals as well as saving hundreds of millions of hours wasted in conventional tr
    Read More

Highlighted Content