Autonomy Joins Forces With Equifax To Provide A Ground-Breaking Electric Vehicle Subscription Service.

Consumers may now subscribe to an EV in 10 minutes, thanks to Equifax InstaTouch ID and Differentiated Data Assets.

Fremont, CA: In 2020, electric vehicles sales reached 3 million for the first time, with a 40 percent increase in 2019. Such outstanding performance contrasted sharply with the worldwide vehicle market sluggishness, with entire vehicle sales down by 16 percent due to the COVID-19 outbreak. After an era of tremendous development, over 10 million electric vehicles are currently in action, which is around 1 percent of total vehicles on the road. According to a recent survey, there will be 300 million electric vehicles on the road by 2030, accounting for around 60 percent of new vehicle sales, up from 4.6 percent in recent years.

Autonomy, a wholly digital car subscription business that offers users the cheapest, quickest, and most convenient way to enroll in electric vehicles, and Equifax® collaborated. Autonomy will use Equifax InstaTouch ID®, the leading mobile consumer identity, and authentication solution, and differentiated data and analytics from Equifax to allow a 100 percent digital subscription transaction through a consumer's smartphone in as little as 10 minutes from start to finish for the first time.

In January 2022, Autonomy debuted its Tesla Model 3 Vehicle Subscription Program in California, revolutionizing how people access an electric vehicle. Autonomy will soon be available in other markets, with subscriptions to other popular electric vehicles. Customers charge a monthly fee and a start fee for Autonomy's revolutionary new subscription model, which includes the cost of the car subscription and routine maintenance fees, roadside assistance, and, shortly, auto insurance. Drivers may use this service to choose a car, become eligible in minutes, and activate their subscription and payment method - all from their phone.

InstaTouch ID authenticates consumer's identities using Equifax distinct and alternative data sources. It enables pre-population of user data throughout the online application, resulting in a simpler, lower-friction journey. Autonomy may obtain convenient and simple digital consumer identification and credit standing while offering a simple and seamless customer experience by merging InstaTouch ID with Equifax data.