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Ford CEO says 65% of U.S. dealers agree to sell EVs under company's investment programs - CNBC

Ford CEO says 65% of U.S. dealers agree to sell EVs under company's investment programs - CNBC

Ford CEO says 65% of U.S. dealers agree to sell EVs under company's investment programs - CNBC
Dec 05, 2022 27 secs

DETROIT – About 65% of Ford Motor's dealers have agreed to sell electric vehicles as the company invests billions to expand production and sales of the battery-powered cars and trucks, CEO Jim Farley said Monday.

He said roughly 80% of those dealers opted for the higher level of investment for EVs.

GM has offered buyouts to Buick and Cadillac dealers that don't want to invest to sell EVs.

Farley said the automaker and its dealers needed to lower costs, increase profits and deliver better, more consistent customer sales experiences.

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