Ford is ending the buyout provision in its leasing program for electric vehicles to better manage the life cycle of the batteries.
— yup, all 100% electric vehicles. In the plainest language possible, Ford’s new prohibition tells lessees, “you do not have the option to purchase the Vehicle at the end of the lease term.” The change took effect on June 15 in 37 states and will be enacted in the remaining 14 states plus the District of Columbia by the last quarter of this year.Ostensibly, the change is a step toward Ford’s pledge of carbon neutrality by 2050 and an industry-wide effort to lower the MSRPs of EVs.
Maybe there’s nothing ulterior about that. Maybe if the world is to transition to battery electric cars, there aren’t enough raw materials available at affordable prices to manufacture as many as the world will need. But then again, maybe this is an extension of the paradigm shift that has happened with computer software in that shiny new EV of yours.
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