Electric vehicle (EV) subscriptions are growing in popularity for drivers to make a more affordable switch to EVs.
Wagonex, launched in 2016, was the UK’s first vehicle subscription service, and in 2022 it announced a strategic investment from Admiral to support the company’s growth plans and strengthen its vision to become a key player in a global sector. It is forecasted to be worth $30bn by 2030.
Wagonex has announced that sustained year-on-year growth of their business has led to further expansion of their product development team; Joel Livermore will serve as Head of Product, while Claude Compere will take on the role of Lead Software Engineer.
“The vehicle subscription model has huge potential, with customer demands shifting away from an economy of ownership to an economy of access,” said Joel Livermore on his appointment as Product Lead.
“It's a fast-growing market for both consumers and the automotive industry; I'm excited for the opportunity to maximise the potential of this market through the Wagonex Platform.
“Building on my previous experience launching innovative consumer products in the mobility space, and working with businesses through their journey from startup to scale-up, I look forward to delivering the leading Product in this industry through an ambitious product roadmap.”
Joel is currently leading the development of Wagonex’s next generation car subscription platform and has created a product strategy and roadmap to ensure its excellence.
“As the world gets more and more used to the subscription model it feels like a natural progression that the automotive sector moves in the same direction,” said Claude Compere, Lead Software Engineer.
“That’s why it’s an exciting time to join Wagonex and taking the role of the first internal technical hire tasked with building and leading the development team, helping to deliver the infrastructure that will drive the subscription market.”
EVs offer a number of benefits over petrol or diesel vehicles, with lower running costs being one of them. You can calculate the savings using Zapmap’s Journey Cost Calculator.