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.
"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone
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
Hot Air? President Obama, G7 Pledge to Eliminate Most Fossil Fuel Use by 2100
June 8, 2015, 5:40 PM
Study Predicts Self-Driving Vehicles Could Rake in Billions
March 6, 2015, 8:34 AM
Dual-Motor Tesla Model S P85D's "Insane Mode" Shocks Passengers
January 28, 2015, 11:18 PM
2016 Cadillac CTS-V Packs 640 hp Punch with 200 mph Reach
January 23, 2015, 3:25 PM
BMW Testing Tech to Allow Users to Auto-Park, Summon Cars Via Smartwatch
December 16, 2014, 9:30 AM
Lamborghini Offers Up $6,000 Leather-Bound Android Smartphone
December 12, 2014, 3:12 PM
Most Popular Articles
Samsung Gear S2 Borrows Circular Icons From Apple Watch
August 21, 2015, 2:48 PM
Future of Lumia Uncertain as Microsoft Lays Off 2,300, Closes 1 of 3 Finnish Offices
August 24, 2015, 6:14 PM
Kentucky Man Faces up to 10 Years in Prison for Shooting Drone Trespasser
August 13, 2015, 2:58 PM
Microsoft's Windows 10 Leaves Lumia 530 Behind w/ 8 GB Storage Requirement
August 25, 2015, 4:02 PM
Aluminum 7003, Used in Roofing, May be Tapped by Apple for iPhone 6S/6S+
August 24, 2015, 4:45 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information