General Electric Stomps the Gas in Electric Car Push By Rich Smith | More Articles April 30, 2012
On Nov. 11, 2010, General Electric (NYSE: GE ) announced a grand plan to spend $1 billion buying electric cars for its workforce. Part of a strategy to first nurture, then dominate, the market for plug-in car batteries and electric charging stations, GE would march in the vanguard of the electric revolution, converting half of its global corporate car fleet to electric power and buying 25,000 electric cars over five years -- "the largest single EV commitment ever."
