Ford ends EV dealership program that required hefty investment to sell electric models
Publishing timestamp: 2024-06-13 10:13:20
Summary
Ford Motor is ending its controversial electric vehicle dealership program that required store owners to invest over $1 million to sell EVs. The program, announced in response to high demand for EVs, is being discontinued due to slower-than-expected growth in EV sales. Ford will now open EV sales to all of its dealers in an effort to increase sales of its all-electric vehicles.
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Keywords: breaking news: markets, business, ford motor co, autos, electric vehicles, breaking news: economy, business news, markets, economy,
Source: https://www.cnbc.com/2024/06/13/ford-ends-ev-dealership-program.html