General Motors, one of the biggest carmakers are pushing big on electric and that decision needs a few Buick dealerships to go away for Buick’s upcoming EVs. All 1900-plus Buick dealerships in the US will be given a buyout option. It is for those who don’t want to sell electric cars and become part of the shift to electric. Global vice-president of Buick and GMC, Duncan Aldred made the statement to the Wall Street Journal this week.
The first Buick EV will be the Electra which will come out possibly in 2024. The company announced all of its electric cars will carry the Electra name starting with the Buick Electra. We expect Buick’s first EV, the Electra will hit production in 2024 and will be badged as a 2025 model. Starting from the Electra, the company sees its electric future in only SUVs which the company will sell after its first EV.
EV Specifications & Performance
As for the 2025 Buick Electra, there are no official specs of the car released as of now. We expect the Electra to feature single or dual electric motors to produce over 400 horsepower. The Buick EV will come with over 100-kWh battery which will be able to provide over 300 miles of range. The car will offer an acceleration time of under 4.5 seconds and a top speed of 130 mph. The EV will rival its segment cars and will come at a price of over $50,000.
According to Automotive News, most Buick dealers also sell GMC cars but there are some stand-alone Buick dealerships. So, the company has decided to offer a buyout to keep the dealerships in the company. This is not new, as GM has previously offered this to all Cadillac dealerships back in 2020. The Cadillac Lyric EV which is due next year needs an update in the dealerships valued between $150,000-$200,000. Around 175 dealerships that didn’t want to upgrade took the buyout worth between $300,000-$500,000.