Ford imitates Volkswagen: it will not sell its electric cars at the end of the rental contracts

In the current situation, manufacturing electric cars is far from being a simple operation. And not because they are mechanically complex, on the contrary, but because shortages and supply chain weakness that supports its production. Any component that is not available harms your assembly. Batteries and the materials they are made of are one of the bottlenecks for many manufacturers. So much so that first Volkswagen, and now Ford, have decided to maintain ownership in exchange for do not offer to your customers the possibility of acquiring the electric cars that they have been using under the long-term rental modality (leasing). In this way these cars can be rented again and your battery will be kept under controlto reuse or recycle it.

Ford decided to follow a strategy similar to the one Volkswagen announced a few days ago, not allowing its customers to buy their vehicles when the previous rental contract has ended. In the case of the German manufacturer, the strategy is try to rent those electric cars more than once keeping your property. In this way, when their batteries are no longer suitable for use in the vehicle, Volkswagen will give them a second life as stationary energy storage systems and will eventually recycle them.

That is the same idea that Ford is pursuing, with some conceptual differences. By denying its customers the opportunity to purchase its used electric vehicles, the US manufacturer also retain ownership of your battery packs. However, it has not clarified whether it will rent these used vehicles again as Volkswagen will. According to Automotive Newsthe only thing that there is official confirmation of is the withdrawal of the purchase option after the end of the rental contract.

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New terms announced by Ford Credit affect rentals of the F-150 Lightning, Mustang Mach-E and E-Transit.

This new condition applies, for now in the United States, to contracts signed after June 15 in 38 states. In the other 12 states, the contracts will be updated by the end of the year. The reason for this difference is that in the latter Ford does not have a high volume of sales, so it is not in a hurry to update the contractual conditions. In the statement of Ford Credit it is explained that customers who lease an F-150 Lightning, Mustang Mach-E or E-Transit must return the vehicle at the end of the contract and can renew it with a new vehicle if they wish.

In addition to this change in sales strategy, Ford has signed an agreement with Redwood Materials to recycle battery cells and have enough raw materials for the 600,000 electric vehicles it intends to sell by 2023 and the two million it will reach in 2026.

Ford is thus trying to ensure that it will have enough cells in the coming years to achieve these sales volumes. Hence his contract with Lake Resources to buy the lithium that this mining company produces in Argentina and the next ones that will be announced to acquire the nickel, cobalt, manganese and copper it needs.

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