General Electric recently announced groundbreaking plans to buy 25,000 electric vehicles by 2015 in order to electricity its company fleet. By doing this through their Capital Fleet Services Business, GE will make the largest-ever single electric vehicle commitment. This doesn’t mean they’ll be abandoning their current fleet — GE also announced plans to convert at least half of their 30,000 existing vehicles to run on electricity. They will then start to buy 12,000 GM electric vehicles starting with the Chevrolet Volt in 2011.
By making such a huge commitment to EVs, General Electric has set the standard for major US companies to embrace green transportation while bolstering the country’s EV infrastructure. Speaking about the company’s decision, GE Chairman and CEO Jeff Immelt said, “Electric vehicle technology is real and ready for deployment and we are embracing the transformation with partners like GM and our fleet customers. ”
“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 we are leading the transformation to a smarter electrical grid,” Immelt said. “This transformation will be good for our businesses and for our share owners. Wide-scale adoption of electric vehicles will also drive clean energy innovation, strengthen energy security and deliver economic value.”
By adopting electrical vehicles into their fleet, General Electric will also benefit their subsidiaries, including Capital Fleet Services, Energy, and Licensing & Trading. The electric vehicle market is also expected to benefit from up to $500 million in GE revenue over the next three years. The purchase of such a large quantity of EVs will also surely benefit the company’s EV charging station, the WattStation.
With GE leading the way, how long is it till other major utility firms adopt EVs, bolstering the sustainable infrastructure of the country.
Via Clean Edge