New EV startup Canoo will only sell cars on a subscription basis

<em>Canoo’s first car will be a “lifestyle vehicle,” with a van-like shape. It’s supposed to hit the road in 2021, and will be adaptable to an autonomous future.</em>”  data-src=”×2700/1310×873/”></p><p id=Electric vehicle startup EVelozcity, which was founded in late 2017 by three former BMW executives (and ex-Faraday Future employees), has a new name and a new direction. The company announced Monday it’s rebranding to Canoo, and also clarified that it will only sell its upcoming vehicles on a subscription model. Those vehicles will be human-controlled at first, though the aim is to equip them with enough technology that they could eventually be autonomous.

The first car from Canoo is due in 2021, and it will be a “lifestyle vehicle” with a “minimalist design that maximizes interior space.” Though Canoo only showed off a rough diagram of the shape of the vehicle on Monday (seen above), the company says it will offer the interior space of…

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