GE Encourages Electric Cars By Ordering 25000 New Cars
posted on 20 November 2010 | posted in
Business and Finance
GE has announced its intent to use electric vehicles for its fleet. In taking this step, GE has become one of the early adopters of the new technology. GE Electric announced that it will put at least half of its fleet of 30,000 vehicles as electric vehicles.
Now, GE has its own interests in putting up strong support for electric vehicles because it is one of the trusted companies that are setting up electric vehicle charging stations. By supporting the movement of electric cars, GE is indirectly supporting its own cause to ensure that the electric vehicles do not fail or run into problems on account of inadequate charging stations across nation.
GE is looking to earn about $500 million over the next 5 years in the form of charging stations and the economics behind the decision to support electric vehicles is self-explanatory.
However, it is still a step in the right direction because if more companies follow suit then we will definitely have accelerated green vehicle acceptability.
Rob May is a fuel strategist and a Shell Card specialist. He is passionate about greener driving.
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