GE Audio & Video: Podcasts, Stream GE, On Demand
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[GE will purchase 25,000 electric vehicles between now and 2015. ]
[15,000 of these vehicles will go to our GE sales force. ]
[12,000 of these cars will be GM Volts.]
[So it's exciting for us to be able to work with General Motors. ]
[and it dovetails well with this breakthrough technology with the Volt.]
[We're extremely excited about the electric vehicle. ]
[It's really going to lead to consumer empowerment, ]
[and we really do believe that electric vehicles are about ready to take off. ]
[which will help lower the price of vehicles and their components]
[and make electric vehicles more visible and acceptable to the public at large. ]
[This is good for GE, good for our economy, and good for our nation.]
[I recently returned from China, and I can tell you that the whole electric vehicle market]
[in China is quite exciting, and I think it's a good opportunity for the United States]
[and Europe to catch that momentum. ]
[Now, this is good business for GE. I mean--we're in this to earn]
[a good return for our investors, and there are many ways GE can participate]
[in the electric vehicle market. We basically touch every part ]
[of the infrastructure, from Smart Grid, our WattStation, ]
[to electrical distribution products and everywhere in between. ]
[GE runs the largest fleet services business through GE Capital.]
[As the cost continues to come down, we think our fleet customers]
[will be very interested. This is very consistent with how we viewed Ecomagination]
[since we launched it in 2005. ]
[We've always believed that clean energy was about commercialization. ]
[It's not a novelty. Broad-based commitments and broad-based strategies]
[are what is going to make clean energy a reality.]
[GE is one of the few companies on earth that can take a fledgling technology]
[like electric vehicles and add both technology and financial services]
[and bring the consumer experience and all the things that are going to make it real. ]
[charging stations. It dovetails well with this electric vehicle]
[and the electric vehicle development across the automobile industry.]
[We very much believe in the principles of Ecomagination. ]
[We think this is all about good business driving technology forward, ]
[and we think it's very important for this country, working with great partners ]
