By Mike Sheldrick, Senior Editor
GE Capitals annual survey of middle-market companies those with sales between $10 million to $1 billion found a generally confident outlook. As a result, they plan to expand their fleets and their use of alternative-fuel vehicles. The 400+ respondents included companies with local, national, and global reach. The majority of the companies surveyed were private only 11% were public.
Over 25% plan to increase the size of their fleet in the coming year, and more than half plan to incorporate alternative-fuel vehicles in their fleet in the same period. And the switch to AFVs is even more pronounced: in the next two years, nearly two-thirds plan on adding AFVs and within five years, over 90%.
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