Which companies offer the best subscriptions for EVs? Comparison of 5 subscriptions for VE
If you are considering purchasing an electric vehicle, you may want to consider signing up for an EV subscription service before purchasing. An EV subscription service is convenient for testing different EV models to gauge their performance and compatibility with your lifestyle.
However, with so many companies offering EV subscriptions, it can be difficult to choose the right one for you. To help you out, we’ve put together a list of the best EV subscriptions available.
What is a subscription for VE?
An EV subscription is similar to a car lease agreement, but you make monthly payments with more flexibility to switch vehicles whenever you want. Another advantage of subscriptions for VE is that they do not require an upfront payment. In most cases, the subscription term can be from one month (short term) to 36 months (long term).
Plus, most EV subscriptions include insurance, 24/7 roadside assistance, maintenance, and servicing for a monthly fee.
So what are the best subscription services for EVs?
If you live in California and want to buy the Tesla Model 3, you may want to consider the Autonomy EV subscription service. If you are a new customer, you can start with a minimum three-month commitment, after which you can upgrade to a monthly subscription.
Autonomy’s monthly payments range between $450 and $1,000. However, you must pay a start-up fee of $1,000 to $5,500, depending on the package chosen, and a refundable security deposit.
Autonomy’s subscription service is exclusively available on its iOS app. To get started, you need to upload your driver’s license and sign your contract digitally through its iOS app. You can also cancel or extend your subscription whenever you want, but with 28 days notice.
However, the subscription price does not include car insurance.
Location: California, Texas, Washington, and Florida
Restrictions: 1,000 Mileage limit per month, driver must be over 18 years old.
2. Lead EV
Steer is the perfect subscription platform for anyone who wants to test drive a variety of electric cars, from luxury EVs to entry-level EVs. This means you can test drive a variety of EVs and hybrids from brands like Tesla, Porsche, Audi, BMW, Jaguar and Toyota.
However, the number of car changes allowed per month depends on your subscription plan. For example, if you subscribe to the basic plan, you can only access two cars per month. In addition, Steer EV offers a premium option if you want to access all the vehicles in its range.
In addition, the subscription price includes repair, insurance and maintenance of the EV.
Location: Toronto, Tampa, Washington, Austin & Vancouver.
Restrictions: No mileage limit, driver must be over 26 years old.
If you have bad credit, you should consider using Borrow, an EV subscription service based in Los Angeles. However, unlike most VE subscription services, Borrow offers a three- to nine-month subscription.
If you subscribe for nine months, you can pay between $199 and $1,099, depending on the plan you choose. Borrow currently has a lineup of 775 EVs in California, including the most popular EV brands in the United States.
One of the best benefits of using Borrow is that the service comes with a car wash and home charger coupon if you’re a subscriber. However, the subscription price does not include insurance, and if you cancel your subscription or change vehicles before the deadline, you will have to pay additional costs.
Location: Los Angeles
Restrictions: Limit of 1200 kilometers per month, driver must be over 18 years old.
4. Hertz My Car
Hertz My Car is not an exclusive EV subscription company. However, it offers its customers the option to drive a Tesla Model 3, Model Y, or Polestar 2. Even better, you can subscribe to a package that gives you access to both gas-powered and electric vehicles.
Unlike most companies, Hertz My Car covers roadside assistance, insurance and maintenance when you pay for a subscription. Plus, you can trade in your EV twice a month — but if you want more options, you’ll have to pay an extra $75.
Plus, if you want to share the car, Hertz My Car gives you the option to add a driver. The most interesting thing is that car subscription insurance also covers the additional driver you register in your subscription.
The only downside is that you have to pay for an initial two-month subscription first – but then you can pay the monthly subscription rates. Additionally, the Hertz my Car subscription is only available to drivers age 25 or older.
If you subscribe to an electric vehicle, you’re limited to 2,000 miles per month or 24,000 miles per year. However, according to the Federal Highway Administration, the average American drives 13,476 miles per year – so a 24,000 mile limit is plenty. By the way, you can still exceed the mileage limit, but it will cost you $0.35 per kilometer.
Location: All over the country
Restrictions: Limit of 2000 kilometers per month, drivers must be over 25 years old.
5. AAA car subscription
With a subscription cost of $11 per day to drive a Volkswagen e-Golf, AAA offers one of the cheapest EV subscriptions in North America. Otherwise, you can pay $449 per month. The subscription price includes roadside assistance, insurance and maintenance.
Another advantage of the AAA EV subscription is that it offers mobile charging stations for EVs. In other words, if you are a member of AAA, you can charge your electric car for free in special trucks equipped with chargers in different cities of the country. Plus, you can charge your electric vehicle at any AAA location for a discounted price — this offer is for members only. However, you can also consider other affordable EV charging networks.
Location: Sacramento and Davis California
Restrictions: Limit of 500 to 1500 kilometers per month, drivers must be over 23 years old.
EV subscription is more convenient than leasing
Right now, there aren’t many companies that offer EV subscriptions in almost any location in North America. However, things may change in the next few years, when sales of electric vehicles overtake gasoline-powered vehicles.
However, electric vehicle subscriptions offer a better and cheaper alternative to leasing. It also gives you the option to exchange your car for another electric vehicle whenever you want.