Lincoln Asking Dealers To Invest Up To $900,000 To Sell EVs via insideevs.com
Lincoln dealers need to invest $900,000 on chargers and other upgrades if they want to sell the brand's upcoming electric vehicles.reports, with the requirement mainly covering the costs of installing EV chargers for public use as well as in-house sales and service needs. The news was brought to dealers this month by Ford Motor Company CEO Jim Farley and other executives at a meeting in Las Vegas.dealers also have Ford brand stores, which are separately required to spend up to $1.
While Lincoln does not yet sell any battery-powered vehicles and isn't expected to for several more years, executives say they need to prepare now to attract younger buyers, who are more open to luxury EVs, according to company research. "We've got to keep evolving. We need to make sure over the next couple of years, as we're preparing for that EV future, that we're ready when those clients start to come into the market."Gallery: Lincoln Star Concept
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ascendiq name trademarked for possible use in Cadillac's electric futureCadillac aims to exclusively sell EVs by the end of the decade, and an Ascendiq may be a part of that future fleet.
Read more »
These Are the Best-Selling EVs from the VW GroupHere are the best-selling EVs from the VW Group so far this year, and some of them aren't even offered stateside.
Read more »
Dealers Concerned They'll Be Left Out Of Sony Honda Partnership | CarscoopsSony Honda Mobility have yet to confirm all details about how they will sell and service their EVs
Read more »
As carmakers unveil new EVs, France ups subsidies for poorer buyersRenault and Stellantis unveiled new French-made electric vehicles (EVs) at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy EVs and pushed for more local production.
Read more »
Taiwan's Foxconn says it wants customers to sell 'a lot' of EVsFoxconn, the world's largest contract electronics maker, said on Tuesday it was not in the business of selling its own electric vehicle (EV) brand but wanted its customers to sell EVs in large numbers by opening up the 'closed loop' of auto manufacturing.
Read more »