Autonomy now offers EV subscription in Bakersfield

SANTA MONICA, Calif.–(BUSINESS WIRE)–June 15, 2022–

Autonomy, the electric vehicle subscription company that offers the cheapest, fastest and easiest way to get a Tesla Model 3, and soon other models and brands, is now available for Bakersfield residents and surrounding communities.

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Autonomy’s monthly subscription payment covers traditional costs of ownership, including annual registration and license fees, routine maintenance, roadside assistance and standard tire wear, which are typically all additional expenses with a traditional lease or loan. (Photo: BusinessWire)

“Gas prices continue to soar and set new records every day in California and the rest of the country,” said Scott Painter, founder and CEO of Autonomy. “Consumers now have the choice to ditch their gas-powered cars and go electric and save 60% or more on fuel costs. Electric vehicles were out of reach for many consumers, but with a subscription , this is no longer the case.

A payment dial allows customers to customize their Model 3. Subscriptions range from $490 per month with an initial start-up fee of $4,900 to $1,000 per month with an initial start-up fee of $1,000. A refundable $500 security deposit and taxes are required upon subscription activation. Subscribers can start reserving their car through the Autonomy app with a $100 refundable deposit.

Autonomy’s monthly payment covers traditional costs of ownership, including annual registration and license fees, routine maintenance, roadside assistance and normal tire wear, which are usually all additional expenses with a traditional lease or loan.

Gas prices continue to rise, but the cost of electricity remains incredibly low for consumers, by comparison. The average price of a gallon of gasoline in Bakersfield is just over $6.25, costing the average consumer $75 to fill their gas tank. Using a Tesla Supercharger, consumers pay about 0.25 cents per kWh, totaling less than $25 for a full charge. Access to recharging is also simple. Bakersfield currently has 108 charging stations – including two Superchargers along Interstate 5 in Bakersfield – with a new Tesla Supercharger slated to open in downtown Bakersfield in the fall of 2022.

How to subscribe:

  1. Download the Autonomy app from the Apple App Store (Android coming soon).
  2. Scan your driver’s license and add a digital payment method and your insurance information to determine your eligibility.
  3. Make your payments through the app.
  4. Schedule your pickup or delivery.

“Autonomy is above all easy and affordable access to mobility,” said Georg Bauer, co-founder and president of Autonomy. “Launching in all regions of California is important to us, especially as we unlock access to electric vehicles, which was once incredibly out of reach for many consumers. Getting an electric vehicle doesn’t have to be expensive, it doesn’t require a perfect credit score, and it doesn’t have to be forever. With Autonomy, each person can customize the payment and duration of their subscription, on their own terms, from month to month. »

In addition to the cost advantage, Autonomy drivers have the option of monthly subscription after a minimum hold period of three months and with 28 days notice. The platform is a viable market option for those unwilling or unable to afford the long-term commitment of buying or leasing an electric car.

Autonomy’s subscription model offers a radical new solution to the growing demand for electric cars. An added benefit is the company’s Model 3 stock that can be delivered or picked up in weeks (while supplies last), compared to waiting six to nine months for a lease or loan.

ABOUT AUTONOMY

Autonomy is a technology company whose mission is to make access to mobility easy and affordable through car subscriptions. The company was founded by automotive retail, auto finance and auto insurance disruptors Scott Painter and Georg Bauer, who founded Fair, the first-ever, pioneering used car subscription offer. of the Car-as-a-Service (CaaS) category. Building on this experience, Autonomy has created a turnkey vehicle subscription platform for consumers and the automotive industry that allows vehicle subscriptions to cost-effectively scale and become a mainstream alternative to purchase of traditional cars. Autonomy innovates through technology, finance and insurance to power automotive subscriptions for the battery, electric vehicle and zero-emission vehicle sectors. Autonomy relies on partnerships with automakers and physical car dealerships to deliver consumer and industry benefits. Self-reliance represents the absence of long-term debt, the absence of long-term commitments, and even the absence of fossil fuels. It means new choices and more control over your financial well-being. Autonomy is based in Santa Monica, California.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220615005930/en/

CONTACT: PR Autonomy Contacts:

Shadee Malekafzali

Head of Investor Relations and Corporate Communication

shadee@autonomy.comMatt Swope

Corporate Communications Manager

matts@autonomy.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER TRANSPORTATION ENVIRONMENT RETAIL TRANSPORTATION AUTOMOTIVE EV/ELECTRIC VEHICLES SOFTWARE FINANCE E-COMMERCE PROFESSIONAL SERVICES DIGITAL CASH MANAGEMENT/DIGITAL ASSETS TECHNOLOGY OTHER ENERGY VEHICLES/ALTERNATIVE FUELS ENERGY OTHER AUTOMOBILES AUTOMOBILE GENERAL TRANSPORTATION APPLICATIONS/APPLICATIONS SERVICES

SOURCE: Autonomy

Copyright BusinessWire 2022.

PUBLISHED: 06/15/2022 12:40 PM / DISK: 06/15/2022 12:40 PM

http://www.businesswire.com/news/home/20220615005930/en


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