Will Electric Vehicle Subscription Apps Take The Place Of Traditional Car Buying?
Download MP3So many things are different about electric vehicles . One thing is how you buy them . We saw the other day the company called Tenet that does a balloon program where you have a you don't have to finance the whole thing You can hold some of it out . To get a rebate from the taxes . Here today comes a company . called drive it away That does subscriptions to vehicles where you're not buying it You're not leasing it You're just paying for a subscription . And they have a financial plan that allows you to just drive the car and you could probably switch the car around to . And the way they word it is it's an app . That regardless of credit you can immediately start driving a new bolt Evie . Through a turnkey vehicle subscription . It includes insurance maintenance service . All the details You need to have a vehicle . And this is a full plug-in electric vehicle This is the type of modern financial technology That's going to be attached to new types of vehicles . electric vehicles To make the ownership . Experience different from gasoline vehicles . These companies are realizing that electric vehicles are a rapidly growing segment of what people sell . And . The use of the vehicle might be . Non traditional You might not need it for three four weeks If you're working from home you might not need it for a month . So that subscription allows you to use it for different intervals . So be aware that not only are electric vehicles different in . The vehicle . Architecture . But the ownership experience and payment structure might be different . Then . Traditional legacy ownership buying leasing money down interest rates . It might be a more apt driven . Experience like everything else in modern technology .