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

  • Siemens completes installation of new LED streetlights for US town
    October 9, 2015
    Siemens has recently completed installation of more than 550 LED streetlights and floodlights in the Town of Hamilton, Massachusetts, on behalf of Metropolitan Area Planning Council, (MAPC). The full project installation is expected to result in at least US$25,000 in annual energy and maintenance savings for the town, reduce energy usage by 60 per cent compared to existing streetlights, and provide citizens with clearer lighting conditions to improve visibility and safety. The project is also expected t
    Read More
  • Key to EV roll-out is understanding drivers
    October 22, 2021
    Understanding EV technology and driver behaviour will be key to building out the world’s charging infrastructure. Andrew Stone finds out why from Bret Scott at Wejo
    Read More
  • Swedish road safety supplier ATA announces strategic acquisition
    April 6, 2016
    Swedish road safety solutions supplier ATA has announced the strategic acquisition of FMK Trafikprodukter here at Intertraffic. ATA, a subsidiary of the UK based infrastructure group Hill & Smith Holdings, has bought FMK as the latest move in its growth strategy for the Nordic region.
    Read More
  • Outlook good for transportation technology funding
    January 25, 2012
    Chris Cheever and Chris Thomas of Fontinalis Partners discuss the funding outlook for the ITS industry – where the money’s going to come from, and what needs to happen to facilitate change
    Read More

Highlighted Content