GE Promises to Continue Support for EV's Despite Slow Sales
April 25, 2012 9:40 AM
comment(s) - last by
GE still believes in the future of EVs
So far, the time hasn't been right for electric vehicles in the United States. Some hybrid vehicles are selling well, but pure EV's are still far from mainstream. There are many reasons why EVs haven't caught on with consumers, one of which is the fact that EV's cost significantly more than comparable gasoline- or diesel-engined vehicles.
The biggest issue continues to be the battery packs, which simply lack the range many drivers desire. In addition, those battery packs have a finite lifespan causing concern for the future.
General Electric and automotive companies are continuing to push electric vehicles in spite of poor sales and poor consumer interest overall. GE Chairman and CEO Jeff Immelt recently stated that his company is committed to electric vehicles.
Companies such as
and others are key to making electric vehicles more mainstream. Much of the research into cheaper and more efficient battery packs is being conducted outside of the traditional automotive industry, and is being carried out by
companies with backgrounds in advanced technology and battery development
GE isn't new to the EV game; the company has been involved for many years. According to Immelt, "For every dollar invested in electric vehicles, GE has 10 cents of content."
He also notes that the near-term challenge for electric vehicle makers is going to be all about cost. Battery packs need to be cheaper. Another near-term challenge will be the rollout of a recharging infrastructure to allow drivers to roam further in their EVs and have places to plug in.
GE isn't only working to make EVs cheaper; it's also actively buying EVs for its own use. Late last year the company committed to buying 25,000 plug-in hybrids and EVs. That included about 12,000
GE spokesman Andrew Williams adds, "We are buying cars from GM, Ford, Nissan and Mitsubishi as they become available for our customers and our fleet."
GE will use 15,000 of the EVs it buys in its own enterprise and lease 10,000 more to other companies.
This article is over a month old, voting and posting comments is disabled
RE: The hell with EVs
4/25/2012 11:42:29 AM
Amano and Rec77 hit the nail on the head.
"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer
IBM Welcomes Two New Companies to Its 500-mile Range Lithium-Air Battery Project
April 20, 2012, 11:08 AM
GM: Chevrolet Volt Production to Restart Earlier Than Expected Due to Sales Uptick
April 6, 2012, 11:02 AM
GM, GE Team Up to Test Chevrolet Volt/Energy Smart Grid Communications
July 20, 2011, 11:20 AM
Quick Note: Kia Soul EV Priced from $33,700
September 11, 2014, 5:32 PM
Production Infiniti LE Electric Sedan Leaked in Patent Drawings
September 9, 2014, 10:32 AM
"Decepticon" Driver Triumphs Over Cops in Massachusetts Court
September 5, 2014, 12:07 PM
Tesla Motors Confirms Nevada Gigafactory Deal, Will Receive $1.25B in Tax Breaks
September 4, 2014, 8:24 PM
Mazda Unveils the 2016 MX-5 Miata, Drops 220 Pounds and 3" in Length
September 3, 2014, 8:59 PM
Report: Tesla Has Selected Nevada for Its Massive Gigafactory Complex
September 3, 2014, 8:07 PM
Most Popular Articles
Quick Note: Buy an Xbox One Sept 7-13, Get a Free Game
September 4, 2014, 10:42 AM
Apple Announces Its Smartwatch: The $349 Apple Watch
September 9, 2014, 2:09 PM
Dell Announces "World's Thinnest" Tablet: The Venue 8 7000 Series
September 11, 2014, 8:51 AM
Windows 9's Latest Metro Start Menu Leaks, German Site Accidentally Outs Leaker
September 11, 2014, 8:36 PM
T-Mobile Launches Un-carrier 7.0, Beefs Up Wi-Fi Calling
September 11, 2014, 2:56 PM
Latest Blog Posts
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information