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.”

Related Content

  • New name offers new solutions
    November 26, 2013
    Pete Goldin examines Nokia’s rationale for combining its location services, digital mapping and other capabilities under the HERE brand. While it has divested itself of its mobile phone business to Microsoft, Nokia has kept hold of its HERE business unit and brand which incorporates the company’s location services with digital mapping and other capabilities. The creation of HERE is much more than rebranding as its services are heading off the map and into the cloud. “HERE offers the first location cloud
    Read More
  • ‘Shining moment of opportunity for tolling’
    May 5, 2021
    Climate change is already affecting tolling operations in many parts of the world. IBTTA’s Bill Cramer explains how the sector can be seen as a proven funding and financing mechanism for surface transportation
    Read More
  • LA launches own ‘Green New Deal’
    August 15, 2019
    Los Angeles, once a temple to the automobile, has followed the Democrats in launching its own Green New Deal – and the city has made big pledges on urban mobility investment The Democratic Party has started something. The Green New Deal, one of whose most high-profile supporters is new congresswoman Alexandria Ocasio-Cortez, intends to persuade the public that swift action is necessary to combat climate change. Now the city of Los Angeles has followed suit, releasing what it calls ‘LA’s Green New Deal’.
    Read More
  • China BAK receives government subsidy for its battery module project
    April 11, 2012
    China BAK Battery, a manufacturer of lithium-based battery cells, has announced that the company has received a US$1.9 million subsidy for its battery module project from the National Development and Reform Commission (NDRC) and Ministry of Industry and Information Technology (MIIT). Comprised of cylindrical cells that can be used in electric vehicles (EVs), electric motors, electric bicycles (e-bikes) and power storage, the government funds will be used to further develop the battery module's efficiency an
    Read More

Highlighted Content