August 22, 2022 – Electric vehicle subscription company, Steer EV, announced it is entering into an agreement with Enterprise Fleet Management to lease over 1,000 EVs.
Companies like Autonomy and Steer EV help give consumers the option to drive electric vehicles without the hassle of owning or leasing a car. According to recent data, the global vehicle subscription market was worth around $5 billion in 2021 and expects to reach over $31.7 billion by 2030.
Steer EV sees the new deal with Enterprise Fleet Management as an ample opportunity to grow its US presence. The agreement is worth between $80 and $150 million for over 1,000 EVs. Subscription services make it easy for users to go electric by offering a wide range of EVs to choose from.