General Motors will offer Buick franchise owners buyouts as an alternative to the high cost of
EV infrastructure and servicing. They fully cash them out of Buick. GM announced that it plans to have
a complete EV lineup by 2030. This is in line with its goal to have a global majority EV lineup by 2035.
The Wall Street Journal was contacted by Duncan Aldred, Global Vice President of Buick & GMC, for more information about the buyout.
Aldred told WSJ that Buick will extend its buyout offer to all U.S. franchised dealerships. This allows each owner to get out of the brand’s EV future,
and could open the door to Buick retaking control of its sales model. Last year, Cadillac had
a similar plan for its dealers. This led to several hundred Cadillac dealers closing.