GE to buy Tens of Thousands of Electric Cars

This is an interesting one. Obviously, General Electric is invested in the idea of electric cars.. but this is a big order. Right now there are probably less than 10,000 current-model mass-produced electric cars on the road. And in the next few weeks, GE wants to place an order for "tens of thousands" all on their own.

Basically, they want to replace much of their sales fleet of 45,000 vehicles with electric cars, as soon as possible.

Seeing as how they are involved in the production of 1/3rd of the world's electricity, one might say that they have a vested interest. Even still, this is a very aggressive move for a company which historically has been very cost sensitive.

The majority of the orders will likely be for the Nissan Leaf, and the Renault something or other, because Renault has a partnership with Better Place, who GE is also working with.

An interesting move, and one that is clearly timed to jump-start the electric car market.

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