When it comes to electric power, few companies can rival General Electric, whose founding dates back more than a century to Thomas Edison himself.
In 2010, the Fortune 500 company made the landmark announcement that it was going to replace its 25,000 diesel- and gas-powered vehicles with an all-electric fleet. But after buying thousands of electric vehicles, it’s now pulling the plug on that idea.
Unfortunately, as GE soon found out, hybrids and electric vehicles don’t make financial sense for every job or situation. With many GE employees logging an average of 100 miles or more a day, the hybrids face diminishing returns when it comes to fuel savings, and a Chevy Volt is a poor replacement for a work truck or van.
Instead of relying solely on EVs and hybrids, GE will instead branch out to include propane and natural gas-powered vehicles in its 30,000 vehicle fleet. GE will also mix these vehicles in with the 1.4 million customer-leased vehicles the company also manages.
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