The car subscription industry is poised for exceptional growth. Gone are the days when customers have to deal with the obstacles and hassles of dealing with car dealerships, financing hurdles and insurance. They prefer to have their all-inclusive access to the electric vehicles (EVs) of their choice.
EVs are cars that are equipped with electric motors instead of the internal combustion engine that conventional vehicles have. These electric vehicles use sizable traction battery packs to power up the motor, and therefore, should be plugged to a charging station or outlet overnight similar to how you charge your smartphones. They basically run on electricity, emitting no harmful exhaust from tailpipes, and do not have the typical liquid fuel compositions, including the fuel tank, fuel line, or fuel pump. There are several companies that offer EVs, and the leader in electric vehicles is Tesla.
Today, these electric vehicles are being offered through subscriptions, or offers that allows people access to the vehicle in addition to features that include roadside assistance and flexible vehicle swaps.
Customers are introduced to a subscription model that allow companies to create closer connections with its customers, aside from just providing them with the products. Car subscriptions are not the only subscriptions that have grown.
Customers prefer subscribing and customizing their purchase
Subscriptions have so much to give, which is why customers are taking a revolutionary path from the conventional buying approach to subscribing to the products and services they want.
What Car Subscription Services Offer
Car subscription companies like T4L do not just provide a fleet of electric vehicles for their subscribers, these businesses also offer subscribers with additional services.
With the T4L subscription, customer enthusiasts get everything from car insurance to the concierge priority service that will guide them each step of the way. The subscription also includes taxes and registration, flexible vehicle swap, vehicle refresh and software updates, charging, and roadside service support. Likewise, maintenance for tires, brakes, batteries, wiper blades, and more are part of the subscription.
The follower base is also growing. With each social media post on the T4L official Facebook page, it gains likes, follows, and shares several times more than average posts do. And in a focus group discussion, many of those who participated said they are willing to subscribe to the T4L electric vehicles now.
Why do customers choose to subscribe -- instead of buying or leasing vehicles?
The T4L Membership Subscription includes the EV, car insurance, roadside assistance, and pretty much everything that we have discussed here previously. When you add up all the separate services, you will find T4L is a better value while providing flexibility and hassle-free access which further increases the T4L overall value.
2. Swap Vehicles
Depending on the options selected, T4L Members Subscribe to an EV for 1-2 years and can swap to another EV. T4L is currently testing out a Flex-Plan Program that allows it’s members to use an EV for a few hours or a few months. This is perfect for those special occasions or for when you’re visiting a place for a few weeks or months and don’t want to worry about your vehicle needs.
3. No More Car Ownership Hassles
Car ownership comes with frustrations of paperwork, maintenance issues, payments to various parties that you do not want to go through again. Subscription models change this to car USERSHIP that values the behavior, needs and wants, and preferences of the electric vehicle enthusiast. You get to enjoy driving a fleet of electric vehicles like never before with the flexibility of your subscription.
T4L is seeking the investment capital to super-charge the company as it builds out its EV fleet for subscribing members and keep pace with the projected growth in its EV subscriptions. This is why it launched a crowdfunding campaign on WeFunder.
Car Subscriptions are expanding by $9.15 Billion with a projected 63% CAGR by 2024
Proven Team: Over $3B in Previous Business Deals
CEO Earned 2000 Smithsonian Computerworld Award for “Innovation in the IT World”
Strategic Partnerships With Leading Insurance Company, Finance and EV Manufacturers
Proprietary Tech: Improves Overall Membership Experience and Tailored Ads For Additional Revenues
400%+ Month Over Month Social Media Organic Growth
Get your share of ownership in T4L as it launches to become the electric vehicle subscription company of choice in filling a growing market need with exceptional innovation, service and an underlying management team that is passionate in growing T4L and carrying out its mission.
For more information about the T4L Equity Crowdfunding Campaign visit wefunder.com/t4l