Canoo’s Subscription-Only Electric Vehicle

The company fills the middle ground between car ownership and ride-sharing by offering a design-forward vehicle with SUV capabilities

LA-based Canoo formally announced its first-ever model today, its eponymous “urban loft on wheels.” The company aims to apply the subscription model to car ownership—freeing consumers from monthly payments, maintenance and registration. This model will also compete with lease-to-own vehicles in regards to range and charging capabilities: the canoo’s range is 250 miles and it can reach 80% charge in under 30 minutes. “Cars always …