Voltric

About Voltric

Voltric is an electric vehicle subscription company based in Newport, Wales. The company’s mission is to address the affordability issue with electric vehicles by providing a subscription service that contributes to addressing emissions within the UK. In the future, Voltric is aiming to be a net-zero company. Customers can choose from six electric vehicles, with 1, 12, and 24-month contracts available, as well as collection and delivery.

How it Works

Drivers must be at least 25 years of age with 2 years’ driving experience, no disqualifications within 36 months of the subscription start date, and no more than 1 at-fault insurance claim in the last 3 years. You can choose a 12-month, 24-month or rolling month-to-month subscription model, then select a delivery date and start driving. The Voltric app provides driving details and allows you to control your account via the Driver Dashboard. You can also pause, cancel and resubscribe via the app. Voltric offers a delivery service, although the radius isn’t specified.

Costs and Fees

Voltric’s subscription fees start at £508 per month for a Fiat 500e on a 24-month contract. Shorter contracts mean slightly higher monthly fees. There is a non-refundable activation fee, which starts at £110. You can cancel the subscription before its agreed end date by giving 30 days’ notice, but there will be an early termination fee of one month’s fee or 20% of the remaining total subscription term fee (whichever is higher).

Brands & Models

• VW ID3
• Tesla Model Y
• Fiat 500e
• Mercedes EQA
• Kia eNiro
• MG ZS EV

Notice Periods

The cancellation notice period is 30 days, whether or not it is within the agreed contract length.

What’s Special about Voltric?

As a company that only offers electric vehicles for subscription, Voltric are not only looking to the future and the UK’s transition away from petrol/diesel vehicles towards EVs, but are also trying to champion lower emissions and more responsible driving. The app enables full account control for customers, but is also connected to the vehicle so can show driving data. By including Tesla in their vehicle range, they are also covering a premium option for drivers to choose from, alongside more affordable options such as the Fat 500e.

Social Media

Voltric uses Facebook for marketing, vehicle information, and tips for using EVs.

FAQs

Is there an activation payment?
Yes, there is a one-off, non-refundable up-dront payment. Typically, this is £110.

What’s the shortest time I can have a car for?
The main subscription contracts are 12 months or 24 months. However, you can also choose a monthly rolling contract.

What is Voltric?
Voltric is an electric vehicle subscription company who are trying to solve the affordability issue with electric vehicles by providing a subscription service that contributes to addressing emissions within the UK.

Is insurance included with a Voltric subscription?
Yes, insurance is included; you cannot source your own. Voltric’s insurance is fully comprehensive.

How do I cancel my subscription?
You can cancel your subscription through the app. You must give 30 days’ notice, and you will incur a charge if you are cancelling before the end of the agreed whole term.

Conclusion

Voltric is one of an increasing number of electric vehicle-focused subscription companies, which reflects the government’s commitment to phase out the development and sale of new petrol or diesel vehicles by 2030. Purchasing a new electric vehicle is something which is currently prohibitively expensive for the majority of the population, so by offering an all-inclusive subscription, Voltric are opening up the market to a wider population – although, with the cheapest term still at over £500 a month, there is still work to be done in the market to make electric vehicles accessible to everyone.