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

  • Largest electric bus fleet in world nears
    April 25, 2012
    BYD, manufacturer of the first long-range (300+ km), all-electric bus has been selected as the sole eBus provider for the 2011 International Universiade Games which will be held in Shenzhen, China. The company will deliver over 300 eBus-12 units by this coming August. After the Universiade Games, they will be will be incorporated into Shenzhen’s city bus fleet, creating the largest all-electric bus fleet in the world.
    Read More
  • RAC Foundation: National charge point network needed for electric vehicles
    October 4, 2017
    Potential purchases of electric vehicles with have limited widespread impact without a national charge point network, particularly on motorways and major A-Roads, according to a report by the RAC Foundation. Report author Harold Dermot outlines several challenges that need addressing.Currently, 80% of EV owners have access to home charging, but 93% use the public charging network.
    Read More
  • EV manufacturers to focus on range, recharging and inductive charging
    April 7, 2017
    The electric vehicle (EV) market is booming, according to Frost & Sullivan researchers. Approximately 25 new electric vehicle models are likely to be launched later this year with Chevrolet Bolt and Tesla Model 3 being the most anticipated. The availability of incentives and subsidies in the market, significant investment by original equipment manufacturers, new entrants, and lower battery prices are factors propelling double-digit growth. However, the lack of standardisation in charging technology, absence
    Read More
  • Mature solutions for emerging economies
    June 8, 2015
    Siemens’ Marcus Welz talks to David Crawford about suitable ITS solutions for emerging economies. Be bold in vision - and output - and user-oriented in practice,” Marcus Welz advises emerging economies planning ITS investments. Says the Siemens Group senior vice president and global sales director for ITS: “Their road users need better, more reliable and safer trips – but without costs increasing too much. The good news is that many countries are already tackling the big issues of traffic and the environmen
    Read More

Highlighted Content