Immelt Buying Volts Casts GE as Electric-Car Corporate Catalyst
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General Electric Co.’s move to buy as many as 25,000 rechargeable cars, almost half of them from General Motors Co., may herald more purchases of electric vehicles for corporate fleets.
“You’ll see some early adopters follow suit, people maybe like UPS or FedEx, and those are your logical first movers,” said John Segrich, who leads the green research group for Rye, New York-based Gabelli & Co. and manages the SRI Green Fund. “You are going to see large corporations move this way.”