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Connected Mobility

Autonomy’s Serious EV Buy Shows Big Bet on Demand, Ownership Decline

Report Summary:

The exclusively EV subscription service’s recent purchase of nearly 23,000 EVs from 17 OEMs reflects a dwindling risk in betting on not only the alternative-fueled vehicles but on a pivot from car ownership. That proposition is bolstered by an increase in tax incentives in the United States’ Inflation Reduction Act legislation and a move by California, the U.S. state it operates in, to end sales of new gasoline- and diesel-powered (i.e., internal combustion engine, ICE) vehicles by 2035. This Insight examines Autonomy’s plans for expanding its subscription service in addition to greater vehicle variety.

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