Big Chunk of Lincoln Dealers Onboard With EV Sales
Brand says 60% enrolled in certification program.
Though none of the brand's current lineup is electric, it says nearly 90% of its North American volume will be by 2030.
IMAGE: Lincoln
Lincoln tells Automotive News that nearly 60% of its U.S. dealerships have committed to sell electric vehicles by signing up for its certification program requiring as much as $900,000 expense on charging equipment.
The nearly 360 dealers represent 88% of Lincoln sales volume, the carmaker said, the vast majority in the top U.S. luxury vehicle markets.
Dealers in smaller markets can spend some $500,000 on charging infrastructure, while those in larger markets must invest more. Required investments guarantee unlimited EV sales capacity.
Automotive News pointed out that Lincoln currently sells no EVs but has said it plans to introduce three models by 2025, a fourth in 2026. The company estimates nearly 90% of its North American volume will be electric by 2030, the publication said.
Most carmakers are accelerating their transition to EVs, many targeting all-electric lineups by 2035.
LEARN MORE: Automakers Drive Up Spending on EV and Battery Development
Originally posted on Auto Dealer Today
More Industry
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →
Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
Read More →
New Mexico Stores Change Hands
Three dealerships owned by three brothers are renamed for a new partnership bridging the founders’ family and a new auto retail leader.
Read More →
International Automakers Overpower Domestic Output
As the current U.S. administration pushes for domestic automotive production, a new report sheds light on the prevalence of international automakers here.
Read More →
World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →