GE Takes A Step November 24, 2010 : 2:34 PM

More companies should follow GE's lead:

“General Electric announced Thursday that it plans to buy 25,000 electric cars in an effort to give the nascent technology a jump start and help develop a potentially big new market for the company.”

“The first mass-market electric cars are set to go on sale next month…GE estimates the sector could bring it up to $500 million in revenue over the next three years. GE builds natural-gas-fired generators for utilities, electric motors, advanced electric meters and a home electric-car charging station - all of which could be in higher demand if drivers buy electric cars.”