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

  • ISS announces 2017 first half financial results
    August 11, 2017
    Image Sensing Systems (ISS) has announced results for its second quarter and first half ended 30 June 30 2017. ISS’s revenue for the first half of 2017 was US$6.6 million, a 17 per cent decrease from revenue of US$7.9 million in the first half of 2016. Sales gross margin for the first six-months of 2017 was 78 per cent, a two per cent increase from the prior year period. The increase in gross margin was the result of a higher percentage of revenue from royalties, improved product sales gross margin and a
    Read More
  • New toll management programme to reduce costs and eliminate fleet toll violations
    March 22, 2012
    GE Capital Fleet Services is introducing a new toll management programme in the US for fleet managers that increases their visibility of and control over toll expenses, while reducing administrative tasks and cost burdens. This new programme is being unveiled as US states and municipalities increasingly use toll collection as a source of revenue with the average toll violation increasing 20 per cent from 2010 to 2011 to US$60 per violation. As part of the programme, enrolled vehicles use electronic tolling
    Read More
  • First electric buses hit London’s streets
    December 19, 2013
    Transport for London (TfL) and bus operator Go-Ahead London have begun a trial of the capital’s first electric buses on two routes in the city. The 12-metre single deck buses were built by Chinese manufacturer BYD Auto have zero tail pipe emissions, resulting in lower carbon emissions. The trial will help TfL develop plans for greater use of electric buses in central London in the future, supporting the Mayor’s vision of a central London Ultra Low Emission Zone. The trial will be used to establish wh
    Read More
  • Crossing the line: managing traffic across jurisdictions
    June 18, 2024
    The US will eventually have a fully-digitised transportation network, with traffic management devices talking to each other across massive distances. It’s really a question of pain points on the road to full deployment, explains Mark Talbot of Q-Free
    Read More

Highlighted Content