For anyone who enjoys the mobility, autonomy, and freedom offered by automobiles, the future looks grim. From Eric Peters at ericpetersautos.com:
Since GM is having trouble selling EVs, it’s not surprising to learn it is buying out the dealerships that can’t sell them.
The trade publication Automotive News reports that GM is offering to pay any of its 880 Cadillac dealers as much as $500,000 to close their doors – in order to leave fewer Cadillac stores, so that when Cadillac “transitions” to selling nothing but EVs by 2030 (there’s that date again) it’ll look like Cadillac is selling more EVs.
Kruschev used the same trick to make Western observers think he had a huge fleet of intercontinental bombers by flying the same six airplanes in a wide loop over Moscow for their viewing edification.
Meanwhile, the same GM that is paying dealers to close will be increasing what it spends on EV development by 35 percent to $27 billion over the next two years, probably because of the apparent selection of the new El Presidente, who has promised to “mandate” a market for EVs (assuming he doesn’t forget what he promised).
GM CEO Mary Barra is chomping at the bit – or rather, urging American drivers be “mandated” to chomp on the bit: “We are confident that . . . we can collaboratively find the pathway that will deliver an all-electric future,” she warbled the other day.
This is as remarkable as it is political – as well as contra everything economical.