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Wednesday, 10 August 2022 15:14

Autonomy Places 23,000-EV Order to Expand Subscription Fleet

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Autonomy, the nation’s largest electric vehicle subscription company, on Aug. 9 placed an order for 23,000 electric vehicles with 17 global automakers to expand and diversify its subscription fleet beyond Tesla.

The fleet order is valued at $1.2 billion.

 

“Tesla was certainly the right launch partner for Autonomy given their dominance in the electric vehicle market today,” said Scott Painter, founder and CEO of Autonomy. “With every automaker going all-in on electric and so many exciting new products coming to market in the next six to 18 months, we have placed our fleet order and are excited to expand our subscription lineup and make it easier for consumers to make the transition to electric.”

 

The 23,000 order represents 1.2% of the projected U.S. electric vehicle production through the end of 2023 and was designed to fit into the forecast production envelopes of each automaker.

 

Autonomy’s order was placed with the fleet departments of the following automakers: BMW, Canoo, Fisker, Ford, General Motors, Hyundai, Kia, Lucid, Mercedes-Benz, Polestar, Rivian, Stellantis, Subaru, Tesla, Toyota, VinFast, Volvo and Volkswagen.

 

Following are the primary selection criteria for the order:

 

  • MSRP range: $26,595 to $122,440
  • Battery range: 250 miles minimum (with some exceptions)
  • Telematics: Fully connected
  • Production forecasts: Vehicle will be available to purchase before the end of 2023
  • Residual values: Models with highest projected resale values

 

Autonomy will leverage its recently announced national partnership with AutoNation, Inc., the largest retailer in the U.S. for the acquisition and intake of the majority of these vehicles. AutoNation will provide vehicle preparation, delivery services and subscriber activation, as well as maintenance, repair and...


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