B1 Intermediate 29 Folder Collection
After playing the video, you can click or select the word to look it up in the dictionary.
Loading...
Report Subtitle Errors
If you had to come up with a tabloid headline for your article, what would it be?
Farewell car dealerships. Don't let the door hit you on the way out.
Do you have something against car dealerships?
Doesn't everyone have something against car dealerships?
The alternative has never really existed before but in the future, it will be car subscriptions.
Cars are getting more expensive in part, just because consumers are expecting more of their
cars, right?
We want electric engines, we want SUVs and we want all the latest infotainment systems,
which means leases are getting fatter.
But we don’t want the monthly premium to actually have to go up, so we’re seeing
the rise of seven year loans and the problem with that is how do you plan your life around
that vehicle? If you’re 28 years old and you want a cool, sporty car.
Like this one?
Like this one.
That’s great when you’re 28 years old you can maybe pick up hot dates and what have
you, but what if you then get married and you have a kid? You need a totally different
car. Subscriptions would allow you to trade the
car maybe every four months, maybe every year. So it’s not even like you are subscribing
to a car, you’re subscribing to a fleet of cars.
I think a lot of us don’t buy used cars because we’re concerned that we might get
a lemon. What is interesting about car subscription is because you don’t own it, it’s up to
the company, subscription company to make sure it’s not a lemon.
There could be environmental benefits. When you combine it with 3D-printed cars using
recyclable materials, the rise of electric vehicles, ride-hailing, you begin to see the
building blocks of how we actually create a circular economy for the car industry and
that’s no small feat.
Who are the winners for the car subscription model?
Consumers.
And who are the losers?
Dealerships.
When I asked McKinsey just how big this is going to be, their projection is by 2025 between
six and 11 million cars just in America are going to be subscription only.
There are a lot of ‘ifs’. I don’t know that it’s going to roll out immediately.
Again, it is already out there but in the tens of thousands, but electric vehicles are
basically doubling each year. Autonomous vehicles: a lot of research into development and capital
costs are going into that. Ride-hailing is just becoming more and more ubiquitous. You
put those trends together; I don’t know why anyone owns a car in 2030.
    You must  Log in  to get the function.
Tip: Click on the article or the word in the subtitle to get translation quickly!

Loading…

Could car subscription services disrupt the auto industry? | Rethink Sustainability

29 Folder Collection
林宜悉 published on March 28, 2020
More Recommended Videos
  1. 1. Search word

    Select word on the caption to look it up in the dictionary!

  2. 2. Repeat single sentence

    Repeat the same sentence to enhance listening ability

  3. 3. Shortcut

    Shortcut!

  4. 4. Close caption

    Close the English caption

  5. 5. Embed

    Embed the video to your blog

  6. 6. Unfold

    Hide right panel

  1. Listening Quiz

    Listening Quiz!

  1. Click to open your notebook

  1. UrbanDictionary 俚語字典整合查詢。一般字典查詢不到你滿意的解譯,不妨使用「俚語字典」,或許會讓你有滿意的答案喔