The Hustle

How will Big Auto’s EV push affect car dealers?

An EV future means less services revenue for auto dealers (and upfront costs to become green certified).


June 15, 2021

You may have heard: Old industry carmakers are going all-in on electric vehicles (EV).

Per CNBC:

Among the most-affected groups by this green auto shift:

Thousands of franchise auto dealers across America

Ford has ~3k while GM has ~4k… and these shops are bracing for a few huge changes:

While <3% of US new car sales are currently EV…

… the shift away from oil is inevitable. A Bloomberg report projects EVs to account for 58% of all new global passenger vehicle sales by 2040.

Auto dealers are already adapting to the shift, with 2.3k Ford dealers in the US already plunking down $50k to be EV-certified.

But, really, nothing says inevitable like the frunk space in the Ford’s electric truck (F-150 Lightning)… that’s bottomless space for BBQ equipment.

Source: Repair Driven News / Ford

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime

Exit mobile version