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About 150 Cadillac dealers take GM buyouts rather than invest in EVs
Another significant development in the market's migration toward EV. Cadillac has bought out 150 dealerships that did not want to invest the $200,000 into the facilities to support a revamp toward electric vehicles. Sounds like Cadillac dealerships across the country will begin having a significant stock of charging stations and charging cars. Cadillac is the latest among many, but far from the last. Seeing industrial-scale moves toward electric vehicles could mean a more immediate impact on the electricity grid and its load—more immediate than waiting for consumers to make a sizable impact by purchasing these vehicles.
About 150 Cadillac dealers take GM buyouts rather than invest in EVs
GM recently told its 880 U.S. Cadillac dealers that in order to sell its upcoming EVs it would cost at least $200,000 to upgrade dealerships.
Source: www.cnbc.com
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