Ford Motor is discontinuing a “controversial” dealership initiative for electric vehicles, which at first required store owners to invest up to $1 million in cash in order to sell EVs.
Categories: $1 million$1.2 million$500000abandonall-electric carsautomakersautomobilesbrooke mallorycarscashchargingChief Operating Officercorporationdealer discussionsdealer lawsuitsdealership initiativeelectric carselectric vehicle sectorelectric vehiclesEV salesEV-certified programEV-related costsevolving marketFordFord CEOFord MotorFord’s Model Egrow saleshigh demandindustry enthusiasmJim Farleylimited supplyMarin GjajaModel e Dealership ProgramOAN NewsroomPostponesell EVsSeptember 2022store ownersTodays HeadlinestrainingTrucksU.S. dealers