About 150 Cadillac dealers prefer to leave the brand rather than sell electric vehicles

Dealerships could hamper GM’s plans to electrify its cars. the Wall Street newspaper prognosticators claim that about 150 GM dealers in the United States have decided to ditch the Cadillac brand and agree to a buyout (ranging from $ 300,000 to over $ 1 million) rather than spending around $ 200,000 to put Upgraded dealerships with charging stations, repair materials and other equipment needed to sell electric vehicles. Many of these brands only sell a few Cadillacs per month, compared to more for Buick, Chevrolet and GMC, but it’s still a blow when GM has 880 Cadillac dealers in the country.

Cadillac brand leader Rory Harvey confirmed to the WSJ that GM was offering buybacks, but didn’t say how many dealers had bought them or how much they were worth.