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Half of US Buick dealers chose buyouts over selling EVs in 2023 (electrek.co)

submitted 11 months ago by haxor@derp.foo to c/hackernews@derp.foo

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[–] someguy3@lemmy.world 9 points 11 months ago

Buick is moving to all-electric by 2030, so GM gave its Buick dealers a choice in 2022 – invest money – $300,000 to $400,000, according to Automotive News – to prepare to sell EVs or voluntarily give up their franchise. GM is now going to end 2023 with around 1,000 Buick dealerships across the US – that’s 47% down from 1,958 in January. Plus, the buyout option remains open, so more could follow.