Today, General Electric (GE) offered details about its committment to encourage the widespread adoption of all-electric vehicles. The company plans to walk the walk with a purchase of 25,000 electric vehicles by 2015, including an order for 12,000 Chevy Volt vehicles in 2011 from General Motors (GM), a GE business partner.
Within the next three years, GE expects to generate up to $500 million in revenue from the emerging electric vehicles market. GE owns one of the world’s largest vehicle fleets and global fleet management businesses. It also sells consumer and industrial products like the WattStation, an electric vehicle charging station, and circuit protection equipment and transformers.