Ford Motor Co F will now help fleet management company Zeeba Automotive Group, Inc electrify its fleet.
What Happened: Zeeba will purchase Ford Pro AC Charging Stations and nearly 250 Ford EVs under a new agreement. The new additions to its fleet would include Mach-E SUVs, E-Transit vans, and F-150 Lightning pickup trucks, Zeeba said in a statement.
The charging stations will charge any vehicle make and model in Zeeba’s fleet and will be installed across Southern California, the company added.
Zeeba aims to have 50% electric vehicles in its fleet by 2024. “Ford Pro's vehicles, charging solutions and software will help us reach our goal," said Zeeba Chief Executive Officer Kayvon Marashi.
See Also: Best Auto Manufacturer Stocks
Why It Matters: Earlier this year, Ford also won a contract from U.S. Postal Service. The nation’s largest federal fleet placed an order for 9,250 Ford E-transit vans. Delivery of the vehicles is expected to start in December 2023.
In the first quarter, the Dearborn-based automaker reported a 10.7% jump in total vehicle sales to 456,972, also spurred by a 41% increase in EV sales.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read Next: Nearly 1 In 5 New Cars In The World Will Be Electric By End Of 2023: IEA Report
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
