What is an electric vehicle subscription?

What is an EV subscription? 

An EV subscription gets you driving an EV without having to buy it outright. You simply choose a model and subscribe to it for as long as you need to – from 30 days to 12 months. You can also exchange your vehicle for a new one when your contract allows, to accommodate a growing family, a new job interstate, or to try a car that better suits your lifestyle.

Your subscription fee covers registration, insurance, servicing and roadside assistance – rolled into one monthly payment. All you need to pay for are any additional road tolls, and charging. Our Night Saver EV plan offers a discount energy rate for charging while you sleep! 

How does a car subscription compare to buying outright?

It eliminates the large upfront cost. Instead of paying tens of thousands of dollars, you’re committed to a more manageable periodic payment. 

Your subscription covers the cost of the car and any extras you might see when you purchase a car outright. 

And if you know there’ll be a period where you won’t be using it (like going overseas for a few months or working from home for an extended period), you can cancel your subscription with no cancellation fees if you’ve reached your minimum term.

One of the biggest considerations with car ownership is depreciation, where the value of your car decreases over time due to general wear and tear. This is also something EV owners need to think about as newer models enter the market, with the additional consideration of battery performance over time.

When you have a car subscription, you simply don’t have to worry about either of those things and can easily upgrade to a newer car if you want to. 

What do you get as part of the car subscription? 

Apart from a car that’s good for the environment and turns heads wherever you go, you get a car that’s yours to use whenever you need. You don’t need to book it or share it with other people in your neighbourhood. And you have the freedom to take it on that road trip you always dreamed of, unlike many car rental contracts, where you can only drive your car a certain distance from its collection point.

If you want your next car to be an EV but are hesitant about long-term investment, a subscription is a great way to see if it works for your lifestyle.

Subscribing to an electric vehicle means you can drive in line with your values and experience the latest EV technology in a way that works with your budget and lifestyle. The ongoing costs associated with car ownership are covered, so you have a clear picture of what you’ll be spending.  

It’s also a great way to figure out if an EV is really for you, beyond the initial test drive from a car dealership. A few months on a subscription gives you plenty of time to see how an EV manages the school run, commute to work and weekend road trips, before committing to outright ownership. 

Subscribing to an EV gives you more flexibility on the road and can be a financially savvy solution to how you get around, both now and in the future.