article thumbnail

Elio Motors locks in base price of $7,300 for non-refundable reservation holders for 3-wheeler

Green Car Congress

Elio Motors, the start-up vehicle manufacturer planning to launch a three-wheel vehicle that will get up to 84 mpg (2.8 l/100 km), is establishing a vehicle purchase base price of $7,300 for its non-refundable reservation holders until the company reaches 65,000 total reservations. in 2016 dollars.

Price 150
article thumbnail

Elio’s crowdfunding campaign attracts $16M in non-binding interest so far

Green Car Congress

Capital raised will help fund the 2016 launch of its three-wheel, enclosed vehicle that Elio expects to sell for $6,800. Nearly 45,000 people have made reservations to purchase one of the vehicles, which Elio says will deliver up to 84 mpg US.

article thumbnail

Elio introduces Gen5 three-wheeler prototype at LA Auto Show

Green Car Congress

Elio Motors introduced its three-wheeled P5 fifth-generation prototype at the Los Angeles Auto Show. The company is targeting a launch date of late 2016 for the enclosed vehicle that is expected to deliver to 84 mpg and retail for a targeted base price of $6,800. The P5 is the company’s first prototype to feature the 0.9-liter,

Auto 150
article thumbnail

Elio Motors launches stock sale to raise $25M to help bring 3-wheeler to market

Green Car Congress

Elio Motors is launching an innovative, enclosed, three-wheel vehicle (the Elio) that will get up to 84 MPG with a targeted $6,800 base price and is aiming for a late 2016 production launch. More than 47,000 people have reserved a spot in line to purchase a vehicle when they go to production.

Motor 150
article thumbnail

Elio Motors unveils engine prototype for 84 mpg highway 3-wheeler

Green Car Congress

100 km) three-wheeled vehicle with a target date of 2016, unveiled its engine prototype: a 0.9-liter, More than 40,000 people have put down money to reserve a spot to purchase one of the Elio vehicles. Elio Motors, the start-up developing a $6,800, 84-mpg- (2.8l/100 liter, 3-cylinder unit developed by IAV.

MPG 150