MENU
SEARCHElio Motors, Inc. will sell 100 pre-production three-wheeled vehicles built at its production facility in Shreveport, La. during the fourth quarter of 2016, the company has announced.
File Photo
Elio Motors, Inc. will sell 100 pre-production three-wheeled vehicles built at its production facility in Shreveport, La. during the fourth quarter of 2016, the company has announced.
The startup vehicle manufacturer is planning to launch the 84-mpg vehicle with a targeted base price of $6,800, according to the company.
“We intend to sell the first 100 pre-production vehicles to one or more fleet customers, rather than use them for internal purposes as previously disclosed in our offering statement filed with the Securities and Exchange Commission,” said Paul Elio, Elio Motors founder and CEO. “This will help us generate additional revenue, it will allow us to evaluate vehicles under real-world driving conditions and it will allow our supplier team to refine our design.”
The vehicles will allow Roush, which was named Elio's lead engineering partner, to provide a quieter, smoother vehicle with refined driving characteristics.
The bulk of the consumer launch will have to be moved into 2017 at an undetermined date, as the company continues to seek additional funding.
Detroit-based company says it has begun early development of a system to convert internal combustion Ram 5500 chassis-cab trucks to electric power.
Read More →
Fleet managers are done with the debate—and focused on execution. Learn how to build a practical electrification strategy that aligns infrastructure, operations, and financing while keeping costs controlled and deployment scalable with support from Blink Charging. Discover how smart planning today positions fleets for long-term performance and ROI.
Read More →
New industry group data revealed that light-duty electric vehicle sales are hitting record market share and volumes, while commercial EV volume dipped. What’s driving the fluctuations?
Read More →
For fleet managers, fuel is one of the biggest line items in the budget — and it's one hybrids can shrink without changing how your people work. Download the eBook to see the numbers, understand the technology, and get a step-by-step guide to making the switch.
Read More →
The biggest challenge lies in balancing additional equipment and accessories with EV battery capacity and range.
Read More →
With the expiration of federal incentives, EV success now hinges less on government policy and more on discounts, battery tech progress, increased range, and broader infrastructure.
Read More →
Fleet operators shared their challenges during an annual conference that embraced the latest advances across all aspects of running private- and public-sector vehicles.
Read More →
EVgo, Pilot, ChargePoint and IONNA named; goal is 35k GM-invested DC stalls by 2030, with customer-experience upgrades at sites.
Read More →
EV buyers took advantage of the final federal tax credit days, while average prices edged up for new EVs and continued to decline for used models.
Read More →
But most OEMs record low-volume sales, which means EV profitability remains a distant dream for nearly every automaker.
Read More →
