General Motors is making a major move towards the all-electric vehicle segment, announcing plans to launch 30 new EV models by 2025, two-thirds of which will be sold in the U.S. Naturally, a pivot like that comes with huge changes all the way down the line, including for dealers, which must now prepare for the new EV onslaught with charging stations, employee training, and new tooling. And although some GMC dealers are uninterested in selling EVs, General Motors will decline to offer those dealers any kind of buyout offer.
As GM Authority covered previously, Cadillac notified its U.S. dealers that a $200,000 investment was required to prep for the arrival of the forthcoming Cadillac EV models, including the Cadillac Lyriq crossover. Alternatively, the Cadillac dealers were also offered a buyout ranging between $300,000 and $1 million to exit the brand entirely.
According to recent reports, roughly 150 of those U.S.-based Cadillac dealers, or 17 percent, elected for the buyout.
Now, it’s looking like GMC dealers will have no such option. Per the recent Automotive News report, roughly half of GMC dealers have elected to upgrade to sell the forthcoming 2022 GMC Hummer EV pickup. Dealers who elect to sell the new Hummer EV must also sign an optional participation agreement. What’s more, GMC will allocate Hummer inventory based on customer orders for the next two years, while also encouraging standardized pricing.
General Motors unveiled the all-new 2022 GMC Hummer EV pickup in an online debut back in October, pulling the sheets on a full-size, battery-powered off-roader capable of accelerating to 60 mph in just three seconds. GMC also has plans for a new Hummer EV SUV model, as previewed during the recent Barclays 2020 Global Automotive Conference in November.