As soon as some new technology gains mainstream attention a lot of development takes place around it in the following months and years. EV might not be the most recent introduction to the world of technology but it surely is a focal point at the moment and once again the world of EV has thrown a surprise as this time it’s here to offer something new and unheard of. Different from Lease Here’s Hyundai’s ‘No Commitment’ EV Monthly Subscription Program.
Hyundai, a well-known car manufacturer from South Korea, recently launched the Evolve+ program that will see people being able to rent an electric car for as less as 699 dollars a month.
This plan has been specially chartered for those that wish to make a switch to EVs or have no intention to lease a car. The commencement of the program was announced at the Chicago Auto Show 2023.
This monthly subscription program is said to be a great alternative to owning or leasing an EV. For now, the plan starts from 699 dollars a month to reserve a Kona Electric and 899 dollars a month for Hyundai Ioniq 5. You can make the booking on the Evolve+ app and then pick up the car from a participating dealership.
For now, Hyundai’s subscription program is available in 6 states via its 8 dealerships. The details on the names of these states remain unannounced. This program is different from a lease since it will also include maintenance, insurance, and 1,000 miles of driving. However, it does not involve getting a home charger with the vehicle or getting included in accessing public chargers which is something that the company is still working on.
President of Gary Rome Auto Group and Evolve+ pilot dealer shared, “As we know, living with an EV is really an educational process. Evolve+ gives our customers the opportunity to try an electric vehicle and see if it is right for their lifestyle. Evolve+ makes it really easy for a consumer to drive an EV in a more flexible way.”
Apart from electric vehicle enthusiasts and people wanting to try an EV, the subscription is also aimed at target groups such as college students who are back home for summer breaks, people who work on remote assignments, and even those people who plan to head to their winter homes. This program is being advertised as an opportunity to test out an EV without making any kind of commitment that you might not be ready for.
Different from Lease Here’s Hyundai’s ‘No Commitment’ EV Monthly Subscription Program but it has been tried before by General Motors. They experimented with the idea for two years before choosing to suspend it. Volvo offers a similar service to people in the US barring a few states. Porsche runs a similar subscription program in 14 states.
Various independent car subscription services run by startups and car rental companies also offer similar plans but for cars from various brands. In 2022 Kyte started such a subscription program for Tesla Model 3 which hosted 995 dollars a month, however, the subscription couldn’t be canceled at any time as Evolve+ users can.