Buick is getting set to go all-electric, and any dealership in the United States that does not want to be a part of the brand’s shift will be offered a buyout.
General Motors announced Buick will transition to sell electric vehicles exclusively by 2030, forcing dealers to upgrade stores and invest in charging stations, along with other changes.
SEE IT: COAL MINERS RESCUE DEAD ELECTRIC VEHICLE
“Not everyone necessarily wants to make that journey, depending on where they’re located or the level of expenditure that the transition will demand,” Buick Global Vice President Duncan Aldred told the Wall Street Journal. “So if they want to exit the Buick franchise, then we will give them monetary assistance to do so.”
Aldred would not say how many of its nearly 2,000 U.S. dealers are expected to take the buyout. However, he said the dealers that do choose the buyout may still sell other GM models.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
GM reportedly completed a similar phaseout of Cadillac dealerships last year to around 575 franchises.
Dealerships that already made facility improvements to accommodate an all-electric fleet better have said they spent more than $300,000 in investment costs.
