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 to residents in Monterey, Santa Cruz, and other nearby cities.
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“The automotive industry is in a place of transformative change that is fueling interest and adoption of the subscription model”
“Mass EV adoption in California continues to be a top priority for state and local officials, but the cost of EVs continues to rise, making them out of reach for many consumers,” said Scott Painter, founder and CEO of Autonomy. “In order for the state to reach its goal of 1.5 million zero-emissions vehicles, there need to be more affordable, flexible, and easier ways to get behind the wheel of an EV. That’s where Autonomy comes in. With a flexible month-to-month subscription after their first three months, consumers adjust their monthly payment and start payment to fit their budget and lifestyle needs. From there, they keep the car for three months or three years and beyond; it’s all up to them.”
Gas prices continue to rise, but electricity as a fuel source is much cheaper for consumers, in comparison. As of the date of this release, the average price of a gallon of gas in Monterey is priced at just over $6.58, costing the average consumer $75 to fill up their gas tank. Over 80% of consumers charge up from the comfort of their homes, using residential electricity rates. For consumers using a Tesla Supercharger, the cost is approximately 25 cents per kWh, totaling under $25 for a full charge. Monterey and Santa Cruz counties together have more than 250 charging stations, including 15 Tesla Supercharger stations.
How to Subscribe:
- Download the Autonomy app in the Apple App Store (Android coming soon).
- Scan your driver’s license and add a digital form of payment and your insurance information to determine eligibility.
- Make your payments through the app.
- Schedule your pickup or delivery.
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“The automotive industry is in a place of transformative change that is fueling interest and adoption of the subscription model,” said Georg Bauer, co-founder and president of Autonomy. “Consumers now have a digital experience that does not increase their debt burden or punish them with higher rates. With Autonomy, all qualified consumers are offered the same payment scale, and it does not show up as debt on their credit report.”
A payment dial allows customers to personalize their Model 3. Subscriptions range from as low as $490 per month with an initial $4,900 start fee, to $1,000 per month with an initial $1,000 start fee. A $500 refundable security deposit and taxes are required when the subscription is activated. Subscribers can start to reserve their car via Autonomy’s app with a $100 refundable deposit.
Autonomy’s monthly payment covers the traditional costs of ownership, including annual registration and licensing fees, routine maintenance, roadside assistance (limitations apply), and standard wear and tear on tires, which are usually additional expenses with a traditional lease or loan.
Adding to the cost advantage, Autonomy drivers have the flexibility to subscribe month to month after a three-month minimum hold period and 28 days’ notice to cancel. The platform is a viable market option for those who do not want or cannot afford the long-term commitment of buying or leasing an electric car.
Autonomy’s subscription model offers a new radical solution to the rising demand for electric cars. An additional advantage is the company’s stock of Model 3s that are available for delivery or pickup within weeks (w******************), compared with the six- to nine-month wait for a lease or loan.
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