GE to order ‘tens of thousands’ of electronic cars Oct 29 2010

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Toyota i-Road EVs Electric Cars

GE to buy ‘tens of thousands’ of electric

By Ben Rooney, staff reporter 29, 2010: 5:28 PM ET

NEW YORK — General Electric order tens of thousands of cars in about a week, the chief executive said

GE spokeswoman Leigh Farris the company will release details on the order at a later

General Motors’ Volt and Leaf electric vehicles are due to hit the late this year. Toyota, Honda and Mitsubishi are expected to roll out battery-powered in the coming years.

Immelt disclosed the plan in a on business and sustainability at the University of Bloomberg first reported on He said half of GE’s force will eventually electric vehicles.

We’ve got to inspire in business a clean future, Immelt said in his Now is exactly the time, because less popular and we’re to have to go for a while without the at out back.

A big order from a global like GE that makes ranging from jet engines to bulbs could provide a endorsement for electronic vehicles. But it to be seen how quickly they become part of the mainstream car

Analysts at J.D. Power predicted Wednesday that 7.3% of passenger vehicles globally will be hybrids or cars of some kind the next decade.

Toyota i-Road EVs Electric Cars

Sales will be higher in the States, but the vast majority be conventional non-plug-in hybrids the Toyota Prius or Ford Hybrid, according to the study.

Omotoso, an analysts at J.D. said the GE order probably be the largest of its kind in the relatively of electric cars.

There aren’t more a hand full of EVs on the road now, he said, adding the Nissan Leaf is the only car currently being mass

Given the relatively small of EVs expected to roll off the assembly in the coming years, GE will have to space out its purchases time, or order from manufacturers.

Omotoso said had been expecting fleet from big companies and government to give a short-term boost to of electronic vehicles. But over the run, for the industry to survive, going to have to rely on retail sales, he said.

To get more consumers interested in cars, he said there have to be a significant increase in prices, a big reduction in the cost of batteries or additional government tax

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