GE Promises to Continue Support for EV's Despite Slow Sales
April 25, 2012 9:40 AM
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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.
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RE: The hell with EVs
4/25/2012 4:21:41 PM
#1. GE has paid alot of taxes over the years.
Unless you think that Fact Check is bought off?
Thier end conclusion about fairness is certainly a valid point... just because GE paid taxes, doesn't mean GE paid "fair" taxes.
You do know that GE can't actually pay any taxes right? As a non corporeal entity, GE can't provide any labor. Any taxes GE pays would be taken from the consumers, the producers, or the capital owners. Now, some politicians would like you to believe that the capital owners are going to be paying the taxes... politicians of both parties. But since capital owners typically rate returns AFTER taxes have been taken out as a cost, I personally think Corporate Taxes take very little from Capital Owners, and most of the taxes from the middle to low income producers and consumers.
You know, people like you and me.
In the end, the actual effect of forcing Corporations to pay more taxes is to raise taxes regressively on the middle to lower income people... while paying coporate tax accountants to keep track of it... (what the IRS is supposed to be doing).
Now many lower income people doesn't pay anywhere near the "fair" amount of taxes, so I guess in this way, I could see it as fair as well... I just think its pretty funny... Corporate Tax raises are one area where the masses cheer to get taxed more!
RE: The hell with EVs
4/25/2012 4:30:28 PM
True Keeir but class warfare Keynesian economics aren't grounded in common sense and sound theory. Rather rhetoric and emotional definitions of "fairness".
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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