It is not . Elio Motors was fined $545,000 for violating state licensing laws and in order to appeal the ruling the company had to move $76,500 into a trust account; Elio appealed the fine to the Louisiana . It offered a lot of promise. ". Privacy Policy. Now, given the climate of the car business, Elio has decided to launch the electric version first, and thenmaybethe gasoline version. I would not be surprised if we never see an Elio released to the public. The Phoenix-based automaker has signed a . Elio Motors was founded with a vision to create a high mileage, low-cost vehicle that everyone could afford. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. I actually think that it looks kind of cool. Advertisements in 2017 illustrated a base price target of $7,450 for the gas motor version and suggested to achieve up to 84 mpg-US (2.8 L/100km) on the highway and up to 49 in the city. The Elio was to be built at GM's shuttered Hummer plant in Shreveport, Louisiana, where the company promised to create 1,500 new jobs. Alas, I do live in a very rural area and I know that not only would I be considered crazy for owning one, it truly wouldnt be very practical for driving up and down country roads, nor would it fulfill all my vehicle/space needs. 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We are sure that you have a lot of questions that we will work to answer over the coming weeks and months. Forward-looking statements are made and based on information available to the Company on the date of this website. (We've driven the Solo, and those customers have our sympathy.) Because theres no evidence of that, ever.. Elio Motors provides personal transportation alternatives that are fun to drive and built in the USA. Elio Motors, the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $7,450, announced that AISIN Group has been. Elio Motors, Inc. was founded in 2009 and is based in Phoenix, Arizona. I was actually very VERY close to putting down a payment for a reservation for one of these cars 2 years ago. The C1 is an electric self-balancing scooter-car cross-over from motorcycle innovation company Lit Motors from San Fransisco, U.S. The biggest challenge it will face is funding. My enthusiasm is genuine and I am definitely not alone the Elio already has 65,000 paid reservations. What is the 52-week high and low for Elio Motors Inc Stock? The official website for the company is www.eliomotors.com. [12], The idea of 100 pre-production fleet vehicles was teased in December 2016, however social media replies on Nov 1, 2017, from Elio Motors said, "We are targeting the start of production in 2019". In other words, Elio would have to out-sell Volvo and Jaguar Land Rover right out of the gate. test drive it and consider it, primarily as our 2nd car. Until weve made it, we havent. I do think its a great idea what Elio is doing, and its justifiable purchase compared to a Smart. This is a different car though and its time is here. Ill have a apartment in Brooklyn that I will be at during work shifts, but driving into, out of, and around NYC for work, I would love a small car like this. Still, I think I can tackle a lot of the same energy issues (and more!) The potential service provider for Elio Motors is Pep Boys. I hadnt seen this before, thanks for posting about it. Login/Register . Anticipated production date is based upon timely receipt of requisite funding. Called Liquid Solar it has some interesting ramifications including: While I can appreciate the ingenuity behind this and hope that many people use it, I dont find myself in the target user group. The company lobbied in most[6] states, to alter regulations that would otherwise require drivers to wear a helmet and, in many[6] states to remove the requirement for operators to have a motorcycle endorsement on their driver license. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). I am moving home to suburban NJ but work is on Staten Island. Something closer to the truth can probably be found in this part of the press release: "Most of the engineering for proof of concept for the gas Elio-G can be utilized in the development of the electric Elio-E. Elio contacted its engineering partner Roush and their assessment was that the current design could be successfully electrified. It costs more to grow, harvest, and process the corn than it would cost if you simply burned the oil in your car! Elio Motors has continuously delayed the release date, which was originally in 2012. Most of the engineering for proof of concept for the gas Elio-G can be utilized in the development of the electric Elio-E. Elio contacted its engineering partner Roush and their assessment was that the current design could be successfully electrified. Certain statements in this press release including, but not limited to, statements related toanticipatedcommencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. Eight years later, he still hasnt gotten his vehicle and he hasnt gotten his money back, either. 2023 Elio Motors Inc. All rights reserved. The Elio-E model has a targeted base at $14,900 making it the most affordable entry level electric vehicle on the market. . ", "This Startup Will Buy An Old GM Plant In Louisiana, But Is Their Car Real Or Vaporware? Elio Motors is reinventing how Americans commute with a low-cost, ultra-high mileage vehicle. To Elio, the interest is free money. Elio Motors progress in many other areas should be valuable to the ultimate successful creation of the Elio-E. For instance, Elio Motors went state by state and created the new category of vehicles eliminating the need to wear a helmet in your fully enclosed Elio. If you want to market and actually sell a car that requires consumers to sacrifice utility, you better offer both of the following: Unfortunately, Smart was not really successful with either. Maybe you can put a basket on front for trips to the grocery store. With Paul making $250K a year for such a revolutionary vehicle, we need to start sending him more money so he can get this dream to come true. It also has a fuel-sipping 0.9 liter, 3-cylinder engine. Americans are viewed as wanting big and fast vehicles and fails like the Smart are used to reconfirm those beliefs. *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. If youre new to the name Elio Motors, youre not alone. Our daily ratings and market update email newsletter. Since then, Ive ended up changing jobs to one where I can take the bus to work instead (or if I have the time, even walk). What could go wrong? First blaming the economy, then blaming lower gas prices, then blaming the consistently expensive business of building cars, Elio pushed back production of its cars from 2015 to 2017 and said it needed to raise more than $300 million for production. Photo courtesy of Elio Motors In early September 2021, the Phoenix-based company broke its silence by announcing it was pivoting to a $15,000 electric version of its car. Your California Privacy Rights/Privacy Policy. Only thing that competes price and gas wise would be a motorcycle. clarinet, bassoon duet. Not only does it need millions in cash quick, now the state of Louisiana has leveled a $545,000 fine against the company. The company never responded. Jul 30, 2016 Exclusive. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. Critics have drawn comparisons to the Lit Motors C-1 and Aptera Motors, which had similar production schemes requiring more funding than was attainable, while updating production timelines to give the impression that a product was deliverable. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Update: This story has been updated with a comment from Elio. They are working to change things on a state-by-state level. That bodes well for them, because I agree that no one will want to wear a helmet inside their car! Elio attempted to raise $25 million and raised $17 million. View Gallery 17 photos Last week Elio Motors put a price on. [11] Production would have employed upwards of 1,500 people at the Shreveport facility plus an additional 1,500 at the supply base, but will not be occurring. http://www.goodcarbadcar.net/2011/01/scion-iq-sales-figures.html After securing more than 65,000 reservations totaling tens of millions of dollars, Elio Motors went silent in 2018, saying virtually nothing for three years until USA TODAY began looking into the company this summer. Aside from a few brightly colored prototypes, most powered by three-pot Geo Metro powertrains, no cars were built and no jobs were created in Louisiana. Needing less power to push less air out of the way is a big factor in the smaller engine size. Sure, there is absolutely no concrete proof that Elio Motors were flat out lying about the release date of their three-wheeled commuter car of the future. You are using an out of date browser. Yep, thats another perk. Supposedly, Paul is still working towards getting funding. *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. The company can be reached via phone at (602) 424-7472 or via email at tclemensen@eliomotors.com. http://www.eliomotors.com/wp-content/uploads/2014/02/helmetlaws.pdf. Check out the store for all our shirts and stickers! Did you read the agreement you signed when you put your $1,000 in? Founded by car enthusiast Paul Elio, Elio Motors Inc. represents a revolutionary approach to manufacturing low cost electric and gas powered vehicles. The year 2018 arrived and Elio Motors was still alive and breathing, though by now it might have been company officials that were looking a bit green around the gills (that was the last green joke, I promise) In April, Elio announced that in order to raise much needed funds, it was starting its own cryptocurrency called ElioCoins. I would consider it. 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