Car subscriptions are contributing to the circular economy for the automotive sector. The "usership" model improves vehicle utilization and reduces the number of new cars parked for months. When adopted on a larger scale, it will also decrease the need for vehicle production. The guarantee of well-maintained vehicles improves fuel efficiency and reduces driver tailpipe emissions.
Whether it's for business or personal usage, subscriptions incentivize driving electricity. Technology, carbon-neutrality and infrastructure for electric and hybrid vehicles are imperfect. However, it's definitely a step in the right direction. Vehicle subscriptions make it easier to switch to the latest, most efficient technology without the commitment of buying or leasing/renting.
Challenges encountered
The achievements of the subscription service are overwhelming, and it makes you want to go out there and select the company where you will get the car you want and subscribe. However, this is not to say that the entire industry is perfect. There are also plenty of challenges.
The subscription business model is relatively new, and the car subscription specifically just started recently. Companies offering this kind of service also battle with the cons or disadvantages of the industry. Among these are high maintenance for the cars, mileage cap, and inability to carry out modifications with the vehicle, since it is the right to use the vehicle, not to own it. Thus, there is a need for support to captivate the market accurately. Jaclyn Trop, a former contributor at Forbes, said they have to compete with long-time automakers that cannot say the conventional dealership is passé because they have remained running in the industry for many years with the traditional way of selling the cars.
T4L All-Inclusive Subscriptions
The interest in the subscription industry is growing consistently. Millennials are among the highlighted markets, with the age group drawn most to the "subscription lifestyle." They found that the lifestyle they are looking for is also in cars.
T4L, Transportation 4 Life, is a company that offers an all-inclusive, hassle-free membership subscription to an electric vehicle such as Tesla, Nissan, Porsche, etc. Membership includes insurance, taxes and registration, vehicle swaps, maintenance covering tires, brakes, batteries, wiper blades, vehicle refresh and software updates, charging, roadside service support and concierge priority services.
As a member, you just pay a monthly subscription amount for the right to have access to drive an electric vehicle. T4L is a subsidiary of Gravitas Infinitum, LLC. For more information on our car service subscription and to sign up for an EV subscription of your choice, visit https://www.t4l.me/ now!