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.
Elio also said that the company is just fortunate to be able to work with some of the most well-respected and notable auto supplier companies in the world, which were also given their voices in the development of the P5.
Even when he and his company were still in the middle of implementing their strategic initiatives to gain funding support, Paul Elio was already thinking big, confident that his company and its first product would have noticeable impact on national petroleum use in the US.
With fuel consumption of 84 miles per gallon, the Elio vehicle could really make an impact on petroleum use as well as usher a paradigm shift among motorists.
Elio also projects that the company’s three-wheel vehicle can eventually reduce total US gas consumption by nearly half a percent. But in order to make that happen, Elio needs to sell 1.2 million vehicles in the first 60 months or five years after its official release to the market.