📺 Stream EntrepreneurTV for Free 📺

Going Fast Is About to Get More Expensive for Some Mercedes-Benz Drivers The automaker will begin charging drivers of its electric cars a yearly subscription fee to accelerate faster.

By Madeline Garfinkle Edited by Jessica Thomas

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Courtesy of Mercedes Benz

Luxury automaker Mercedes-Benz will roll out a new line of electric cars that can go fast — at a cost.

Buyers of Mercedes' upcoming EQ all-electric models will have to pay $1,200 a year for the ability to accelerate quickly, The Drive reported. The $1,200 subscription will increase the car's max horsepower and torque and let it accelerate from 0-60 mph up to one second faster. The charge for this "Acceleration Increase" is not unlike Tesla's "Ludicrous mode," which gives drivers a boost of speed for a one-time fee of $10,000.

Related: Mercedes to Show Its Tesla-Fighting Electric Sedan in September

Mercedes and Tesla aren't the only car companies charging for features that drivers have long considered standard in traditional, gas-fueled vehicles. In July, BMW began charging owners of its electric cars $18 a month for heated seats, which was met with outrage from customers, according to the New York Post. The response eventually prompted BMW to release a statement clarifying its decision but assuring drivers that the new charge is here to stay.

Although customers might be upset about the charges, they could be the new norm in the automotive sector as automakers troubleshoot different systems in a changing market. As the market for new vehicles has declined in recent years, automakers have shifted their focus to developing software and subscriptions to build a continuous revenue stream, according to The Verge.

Regarding Mercedes' recent subscription package, some drivers are as resentful as BMW owners were just a few months ago, with one Twitter user saying the update is "ripping people off."

Related: Mercedes Unveils First Heavy-Duty Electric Delivery Truck

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Carnival Cruises Officially Installs Elon Musk's Starlink Internet on 100% of its Ships

Starlink is now the official internet for Carnival passengers.

Money & Finance

This Toxic Money Habit Is Becoming More Common — If You've Picked It Up, Your Finances Are at Serious Risk, Expert Warns

Kaitlin Walsh-Epstein, chief marketing officer at digital banking platform Laurel Road, reveals the frequent mistake.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Major U.S. Airlines Are Suing the Government Over 'Capricious' Fee Transparency Law

Southwest Airlines opted not to join the other airlines in the lawsuit.

Health & Wellness

How This CEO Turned 99 No's Into a $500 Million Sleep Tech Powerhouse

Eight Sleep's Matteo Franceschetti reveals his journey from nightmarish rejection to dream-like motivation.