Hybrids and EV deliveries may reach 5.2 million by 2020, according to J.D. Power & Associates. That will be about 7.3 percent of the projected global vehicle market.
The way of the world is to go healthy and to enjoy life to the fullest. And this is the same objective that the General Electric Co. (GE) has been constantly endorsing through the years of manufacturing and creating products that makes life easier and more convenient to every people. From the home to the community in general, from aircraft engine to power generation to water treatments, GE has been consistently proving its innovative essence providing solutions to daily life challenges.
True to its signature programs, "Developing Health Globally" and "Developing Futures," GE continues to lead an industry taking into account the impact of its products to the environment. In the next five years, the company has allocated about $10 Billion for clean energy along its business lines, which will include power-transmission software and the so-called smart-grid technologies.
GE has been the provider of about one-third of the world's electricity through its power-generation products. And taking another leap, it has revealed its plans to be the forerunner in the electric-vehicle industry with the biggest order in history of around tens of thousands of vehicles in a week. With this huge number in mind, the company, according to a vehicle technology analyst, will possibly be seeking assistance from other makers of vehicle in the automobile industry in placing these orders. This will create more income for these companies and more jobs for their workers.
Other companies have also been preparing to produce their own lines of the electric vehicle. Nissan Motor Co. is now on the threshold of coming out with its battery-operated cars. Ford Motor Co. is getting ready to launch the electric edition of its Transit Connect delivery van and Focus compact car. Toyota Motor Corp. will be selling a rechargeable version of its RAV4 sport-utility vehicle. General Motors Co. will begin to deliver its own creation later this year or in early 2011. The Chevrolet group, after the company suffered a drop in its sales in the past three years, has produced Volt, which is projected to compete with the foreign automakers.
The Chevrolet Volt is intended to run by electricity for short trips with the alternative of switching to gas-powered operation for some mile extensions. As it promotes a clean-energy technology, GM sought the aid of GE Plastics to provide the replacement for the traditional heavy glasses, metals and steels in automobile production. Lighter weight would mean lesser fuel spending and fewer discharge of carbon dioxide. This partnership has led to the creation of an environmentally friendly vehicle which is excellent in performance, fashion and power.
The commission to purchase the bulk of GE's demand of electric vehicles will be the biggest in history. And as a chief competitor in the electric vehicle components market, GE will be at a great advantage in terms of profits in this undertaking. As to its estimates, the company will be earning ten cents for every dollar in electric vehicle sales, and about a half of the 45,000 of its sales force will be out driving one of these.
Contact Courtesy Chevrolet to learn more about the new Chevrolet electric vehicles.