The trend in car manufacturing these days is to move towards electric considering that it’s fuel efficient and it’s good for the environment too. As a matter of fact, there are already a number of car manufacturers which are producing a number of hybrid vehicles that combine fuel and electricity out in the market already and the only pure electric car manufacturer company is Tesla Corporation.
Although its groundbreaking three-wheel vehicle is not electric, Elio Motors has come up with an extremely remarkable 84 miles per gallon fuel efficiency rating for its auto-cycle, which shall be the official term to the vehicle once a bill is passed in the US Congress to standardize reference to such type of three-wheelers.
In a recent statement to Inside Car News, officials of Elio Motors said that while they are not shunning the idea of going electric, it is still not in the company’s immediate cards for the time being because the economics and technology are not there yet.
The fact that batteries are still too expensive these days would really have a telling impact on the low cost of the Elio Motors’ auto cycle, which is pegged at only $6,800 for its base model. That’s in addition to the fact that batteries are also too heavy, which would defeat the status of the three-wheeler as a lightweight vehicle weighing only 1,200 pounds.
The next big thing
If its own website and Facebook page are any indication, Elio Motors is promising the next big thing in transportation with its groundbreaking three-wheel vehicle which is set to go into mass production next year at its manufacturing facility located at Shreveport in Louisiana.
Indicative also of how popular its three-wheeler has become based primarily on the prototypes that the independent car manufacturer displayed in recent auto shows, the vehicle has actually obtained more than 43,000 reservations to date and still counting.
The company is still accepting reservation at its website with the assurance to early bird buyers that they will get their unit within the first year of production, ahead of the rest.
Elio Motors has likewise posted on its Facebook page that the right people have already been hired to design and build the car, which it is calling as the P5 since it is already the fifth generation prototype.
And as usual the company likes to brandish the car’s major selling points which are its superb 84 miles per gallon fuel efficiency rating and its $6,800 retail price when it officially rolls out to the motoring market.
Strategies paying off
In his latest statement, Paul Elio said that the company’s strategic initiatives really paid off as they really buckled down to work with the end in view of meeting the production targets for the car.
He added that the completion of the P5’s engine prototype, the company’s buy-in offer to accredited investors, and its recent supplier summit, are just part of their strategic initiatives to ensure that Elio Motors will achieve progress every day.