That isn’t to say GE is completely abandoning its plans to buy electrified vehicles; just a few months ago GE announced that it would be buying 2,000 Ford C-Max Energi plug-in hybrids to bolster its fleet. Add to that the thousands of Chevy Volts GE has already purchased, and it is fair to say that GE put its money where its mouth is.
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.
Electric and hybrid vehicles don't make any financial sense? I'll alert the media.
Hat tip: BadBlue Car News.