GE to buy 25,000 electric cars in bid to spur demand
Thursday, November 11, 2010 at 06:17PM 
General Electric Co. said Thursday it will buy 25,000 electric vehicles by 2015 in hopes of sparking demand for the emerging market for which it makes charging stations and other infrastructure.
GE will initially purchase 12,000 GM vehicles, beginning with the Chevrolet Volt next year.
The company plans to add others as manufacturers expand their electric vehicle offerings. Chevrolet Volts will roll off production lines this month and other automakers are working on their own versions.
GE is hoping its planned purchase, the largest so far for electric vehicles, will spur others to follow.
"By electrifying our own fleet, we will accelerate the adoption curve, drive scale, and move electric vehicles from anticipation to action," Jeffrey Immelt, the GE CEO, said in a statement Thursday in New York. He hinted at the plan last month.
Higher production of electric vehicles should help lower the price — one of the main reasons they haven't caught on. Hybrid gas-electric cars such as the Toyota Prius have become more common on the U.S. roads, but electric vehicles have been held back by the high cost and limited battery range.
GE, which makes an electric vehicle charger called the WattStation, estimates the expanding market could bring it up to $500 million US in revenue over the next three years.
From CBC News
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Reader Comments (1)
President Obama needs to negotiate with the Russians on the START TREATY in exchange for this New Perpetual Motor Generator for the Electric CAR Industry !!!!
The USA needs to Negotiate with Russia on the Start Treaty for control of this NEW TECHNOLOGY , because Giving up USA Nuclear Defenses must be worth this kind of technology to get The USA off Foreign OIL !!!!! With this Technology we can recharge our electric cars battery ON-the-GO and Not create More Demand on our current electric GRID .
Everyone in the USA needs to call their Congress and demand this Technology be negotiated into the START TREATY with Russia so the USA can control this Technology for the New Electric Car Industry . President Obama needs to negotiate with the Russians on this and say if we are going to reduce our Nuclear Defense then we need full cooperation on integrating this Technology into the Electric Car Industry and whatever else we can find uses for this to reduce the Use of OIL so we ARE NOT FIGHTING OVER OIL ANY MORE IN THE WORLD !!!! TELL OPEC THEY CAN PRICE THEIR OIL IN WHATEVER CURRENCY THEY WANT , THAT THE USA WILL BE FINE WITHOUT IT !!!!!!!!!
http://pesn.com/2010/10/13/9501711_Kanarev_critiques_Nobel_physics_prize/
http://www.youtube.com/watch?v=kSLfrh-CFYQ
http://www.youtube.com/watch?v=GWK24UakG5A&feature=related