Ford adds several rules to the buying and selling of its EVs | Rare Techy

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Growing demand for new electric vehicles, combined with ongoing global supply chain issues, has prompted another major automaker to change the way it sells and even leases its electric vehicles.

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Ford adds several rules to the buying and selling of its EVs Back to video

Ford is now offering dealers the option to amend contracts to include clauses barring F-150 Lightning buyers from selling their electric pickup trucks for one year after purchase. Car blog.

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And for them, things are even more restrictive lease F-150 Lightning, Mustang Mach-E and E-Transit van, with Ford now passing on a rule that says “you don’t have the option to buy the vehicle at the end of the lease,” multiple outlets report.

The last adjustment was introduced Cars directly, which received a letter the Blue Oval sent to US dealers in 37 states on June 15 prohibiting EV lessees from purchasing the vehicle after their lease ends. Other states will likely see the rule take effect “before the fourth quarter,” a Ford Credit spokeswoman confirmed.

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Here’s more from that internal memo, which positions the move as part of the brand’s commitment to going green rather than to prevent buyers from flipping their coveted vehicles for profit: “The purchase of BEV Leasing contributes to our goal of achieving carbon neutrality by 2050 by controlling the vehicle’s battery throughout its life, keeping it in the Ford network.”

“Ford Motor Company is committed to making battery electric vehicles (BEVs) more sustainable and affordable for our customers by localizing the complex battery supply chain network, creating end-of-life vehicle recycling opportunities and increasing U.S. battery manufacturing.”

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Ford isn’t the first automaker to rule out a lease buyout to keep profits in-house. GM, Honda and Tesla decided to drop it last year, requiring lessees to sell their vehicles back to the dealership at the contract price, likely in response to giving buyers extra money when they sell new privately (and even used) vehicles for profit after leaving the lot.

Driving has reached out to Ford Canada to confirm whether or not Canadian dealers will also subject their customers to the new contract changes. We’ll update the story as we learn more.