Lincoln Has No Plan To Buyout Dealers Not Wanting To Make EV Switch | Carscoops carscoops
Lincoln will not follow the lead of General Motors in offering to buyout dealers who don’t want to shift to selling electric vehicles.plans to be selling three distinct EVs by 2025 and will add a fourth by 2026. Lincoln president Joy Falotico says that the company will likely end 2022 with under 600 retailers. That will be down from the 685 that it had last year and significantly less than the more than 1,000 Lincoln dealers that existed five years ago.
As part of General Motors’ plan to electrify its line-up of brands and vehicles, it bought out approximately one-third of Cadillac dealerships not willing to make the necessary investments to equip them for selling electric vehicles. It recently launched aΤηε Lincoln Star Electric SUV Concept. Photo Mike Gauthier / Carscoops.comduring a recent interview.
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