Oil marches to $90 a barrel; GE purchases 25,000 electric vehicles for its global fleet… Good timing
Thursday, November 11th, 2010
That’s right, oil is making its trek toward $90 again, and once it busts through that all eyes will be on that psychological barrier – $100. Good timing then for General Electric, which announced today it has purchased 25,000 electric vehicles as part of a global revamping of its fleet (and the fleets of its customers). As the single-largest purchase of electric cars so far, and for the foreseeable future, GE is once again proving it can both push and pull the market. By 2015 EVs will represent half of GE’s global fleet, which sits at around 30,000 vehicles. Impressive. If you want to know why GE is so keen to embrace EVs, click here.
Earth2Tech reports that 12,000 of the EVs will be purchased from GM, and will include the Volt starting in 2011. About 10,000 of the vehicles will go to GE fleet customers.



Tyler Hamilton is editor-in-chief of Corporate Knights magazine and a business columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.