We live in a world where everything, from our favorite shows to our phone plans, is available on subscription. So, it comes as no surprise why electric scooters are jumping on the “battery subscription” bandwagon. Just as streaming services forever changed media consumption, battery subscriptions are reshaping EV ownership.
But is this groundbreaking approach the right course for you or should you stick to the tried and true path of buying an electric scooter? In this guide, we will explore the ins and outs of battery subscription and outright ownership to help you decide which is the right choice for you.
Understanding the Battery Subscription Model
First, let’s decode the battery subscription model. Aimed to make EVs more accessible, the concept of battery subscription was first introduced in India by Lectrix EV. Instead of purchasing the battery–the costliest component of an electric scooter–the manufacturer proposes that the users pay a monthly subscription fee to access the battery. This service covers everything from battery repairs to replacement, ensuring that the scooters runs efficiently.
By decoupling the cost of the battery from the EV buy price, the model cuts down the upfront costs by 30-40%. Besides reducing the initial investment, subscription-based EVs presented by Lectrix also come with a lifetime battery warranty. This lets the users to ride unlimited kilometers without worrying about battery degradation or replacement costs. This dynamic approach makes EV ownership more affordable and future-proofs it.
The Case for Battery Subscription Services
1. Cost savings
One of the most compelling reasons to choose an EV battery subscription is cost efficiency. Batteries can account for up to 40% of an electric scooter’s price. By subscribing instead of buying, you can avoid the hefty initial investment, spreading your expenses into manageable monthly payments. Plus, think of all the money you’ll save on battery repairs and replacement.
2. Hassle-free maintenance
Battery subscription service also takes the guesswork out of battery maintenance. If your electric scooter’s battery degrades or develops faults over time, the service provider will replace or repair it at no extra cost. This not only saves you time and money but also any stress over the lifespan of your electric scooter’s battery.
3. Access to the latest technology
With a subscription, you’re not locked into an aging battery. Under the ownership model, you’d have to either purchase a new battery or scooter to access the upgraded version. Service providers often offer users upgraded batteries as new technologies come into the market. This ensures you’re always equipped with the most efficient and reliable battery for your electric scooter.
4. Option to buy back the battery
Another reason to go for a battery subscription is the flexibility that comes with it. Many service providers like Lectrix offer buyback options to their customers. This means you can return your used battery to the provider and buy a new one. Alternatively, you can buy the existing battery at a price determined by its condition and remaining lifespan.
The Case for Buying a Battery Outright
1. Full ownership and control
Owning your EV battery gives you complete control over its usage and maintenance. You’re not tied to a service provider’s terms and conditions, allowing for greater independence. However, you’ll be missing out on benefits like free battery repairs and replacement.
2. No monthly commitments
Unlike a battery subscription model, buying your battery means no ongoing financial commitments. Since you buy the battery outright along with your electric scooter, you don’t have to pay any monthly subscription fees. This freedom appeals to those who prefer a one-and-done approach to expenses.
3. Easier to resell
When you own the battery, you own the complete scooter, making it easier to resell as a package. With subscription-based EVs, you either have to buy back the battery or transfer the subscription to the new owner, if the service provider allows for it.
Making the Final Call
Ultimately, the choice between a battery subscription model and outright ownership boils down to your personal priorities. Subscription services excel in flexibility, convenience and cost savings, making them ideal for cost-conscious customers who value ease of use. On the other hand, outright ownership suits users seeking absolute autonomy of their vehicle. Regardless of your choice, both options ensure a smooth transition to electric mobility. So, choose the path that aligns best with your needs and start your journey toward sustainable commuting today!
If you have any further doubts about battery subscription or ownership, you can reach out to experts from Lectix EV at +91 81300 10331. From a range of feature-packed electric scooters to appealing battery subscription plans, they can help you update on what’s possible on two wheels!
