High TechDecember 23, 2019

How Canoo is Making a Difference With Electric Car Subscriptions

I think if you want to change the world you have to…
Avatar Alyssa Ross

I think if you want to change the world you have to think radically differently Stefan Krause

Stefan Krause has always loved cars. He turned his passion into a career at BMW and became a collector of classic cars. But he has come to loathe driving – especially in urban areas like Los Angeles, where he lives. And after countless hours sitting in LA traffic with lots of time to think, he decided to do something about the problem.

Krause is the co-founder, chairman of the Advisory Board and former CEO of Canoo, a mobility service provider that is working to launch a subscription model for autonomous-ready electric cars.

Krause wants to modernize our mobility system not only by offering electric cars to help cut emissions, but also having these cars be autonomous-ready. This will allow existing roads to carry more cars safely, helping to eliminate the gridlock and accidents caused by human error and unpredictability. These cars won’t be owned by individuals, they’ll be available by subscription with logistics (including insurance) managed by Canoo.

This model makes a lot of sense when you consider that in megacities, automobiles sit parked or gridlocked 90% of the time. Worldwide, including smaller cities and rural areas, cars sit unused, on average, 75% of the time. It also means cars in need of repair can be easily replaced, and that the type of car can be changed as a subscriber’s needs or preferences change –  in a much more flexible way than our current ownership or lease models allow.

We feature Krause in the next installment of our Making a Difference series. Hear from him directly about Canoo’s mission, then read his profile in Compass magazine. You’ll learn more about how Canoo plans to design and manufacture cars specific to their sustainability-focused model and how they believe this will change how consumers will have their transportation needs handled as soon as 2021. You’ll also discover how the cloud-based 3DEXPERIENCE platform is letting them quickly and efficiently bring their vision to life, without sacrificing innovation or quality.

This post was originally published in our 3D Perspectives Blog.

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