GE to buy 25,000 electric cars -- 12,000 of them Chevrolet Volts

[Fledermaus]

General Electric will buy 25,000 electric vehicles -- 12,000 of them Chevrolet Volts -- by 2015. As we reported in an earlier post here, GE is trying to jumpstart adoption of EVs because it stands to make billions selling gear to keep them juiced.

GE is a major player in everything from power generation plants -- GE equipment produces a third of the world's electricity -- to electric utility smart-grid technology to electric car batteries to home chargers for EV drivers' garages. The company estimates that even the limited number of electric cars in the near future will add $500 million to its sales in the next three years and if EVs take off. For every dollar spent on electric vehicles, GE estimates it may get 10 cents in revenue, spokesman Gary Sheffer told Bloomberg earlier this month....

GE's big buy could help encourage more EV production and lower prices for EVs, even as its boosts GE's bottom line. Edmunds' GreenCarAdvisor.com senior editor John O'Dell lauded in a statement GE's effort to promote EVs, but added, "GE's decision to dive head first into the (EV) market isn't selfless ... GE is a major player in the electric vehicle components market, it makes and markets its own line of EV chargers and recently announced a partnership with California-based Better Place to offer financing for battery purchases for Better Place's battery exchange stations. GE also is the major shareholder of battery maker A123 Systems of Massachusetts and has interests in smart-grid and power transmission technologies as well as the wind and solar energy industries."

http://content.usatoday.com/communities/driveon/post/2010/11/ge-to-buy-12000-chevrolet-volts-13000-evs-from-other-makers/1

[napi21]

1. I don't care if they're makeing money on the whole thing It's a good

idea to promote the EV's and I hope they take off. An additional advntage is that GE IS an American Company! I don't anticipate buyying another car in my ifetime. I'm 67 & have a very nice Mercury Marquis. It's a 1999 but only has 67,000 miles on it and still looks lke new, but if some situation presents itself where I must buy another car I'd sure look at the Volt.

[OHdem10]

2. Good for GE. Buying American. is good Business. If both

do well, that is a good thing

[JDPriestly]

3. This is good news. I hope they start a trend.

[Arctic Dave]

4. I approve

[MattSh]

5. Sorry, I'm not going to let them off the hook that easily...

According to the Environmental Protection Agency’s Toxic Release Inventory (TRI), for the electrical equipment industry, GE was the fifth largest producer of chemicals with four facilities in the top 100 generating 332,336 pounds in waste in 2007. In the miscellaneous manufacturing industry, GE’s GE Osmonics facility was the fourth highest producing facility of TRI production-related waste with 1,919,437 pounds. According to the University of Massachusetts Political Economy Research Institute (PERI), General Electric is the sixth most toxic company when considering the amount of population exposed to its pollution and its toxicity level from its plants (last week 24/7 Wall St. incorrectly reported that GE was the most toxic company according to PERI).


Read more: The “Green” Hypocrisy: America’s Corporate Environment Champions Pollute The World - 24/7 Wall St. http://247wallst.com/2009/04/02/the-%e2%80%9cgreen%e2%80%9d-hypocrisy-america%e2%80%99s-corporate-environment-champions-pollute-the-world/#ixzz16fKe9ASA

Sorry! :(

[wtmusic]

6. Fine, anything that weans them from the military teat. nt

[wtmusic]

7. So the Volt is an "EV" now.

What's the damn tailpipe for?