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Thursday, June 13, 2024

Ford Ends EV-Certified Dealer Program, CNBC Reports

 -- Ford Motor is terminating its EV-certified dealership program that required owners to invest more than $1 million to sell electric vehicles and open sales rights to all dealers, according to a report by CNBC.

-- Chief Operating Officer Marin Gjaja said at a media briefing that the company will sunset the Model e Dealerships Program, which included about half of Ford's 2,800 U.S. dealers.

-- The decision to end the program comes amid slowing growth of demand for EVs, the report said.

https://www.morningstar.com/news/dow-jones/202406135889/ford-ends-ev-certified-dealer-program-cnbc-reports

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