When a company decides to upgrade and replace its vehicle fleet, that’s often a boon for a local dealer.
When that company happens to be GE, and they want all-electric vehicles, it is a momentous occasion for an entire industry.
GE’s CEO, Jeffrey Immelt announced last Thursday that he was in the market for “tens of thousands” of electric-powered vehicles (EVs) a move that will delight EV manufacturers ( Nissan, GM, Ford, among others), please climate hawks, and have shareholders smiling. GE is investing in clean energy to the tune of $10 billion over five years, a significant portion of which is going to the development of electric car charging units.
Below is a clip of Immelt’s “London Lecture,” sponsored by the Cambridge Programme for Sustainable Leadership, during which he announced the plan to buy the EVs.