General Electric plans to purchase 25,000 electric vehicles by 2015, giving the budding EV business a significant boost.
Initially, GE will purchase 12,000 vehicles from General Motors--starting with the Chevrolet Volt, which has just become available to early buyers this month. The company said it will be the biggest single fleet purchase of electric vehicles so far.
GE said that it intends to convert at least half of its fleet of 30,000 vehicles. But the move into electric vehicles is also geared at boosting demand at its grid equipment and fleet management businesses. GE sells an EV … Read more