Our math says that there must be 71 people a day signing up for the Elio Motors super-fuel-efficient three-wheeled vehicle. Michigan-based Elio says it's surpassed the 10,000-reservation threshold for its car, which is slated to start production next year. About 6,300 had signed up as of the end of last year.

Elio is promising a vehicle that will get 84 miles per gallon and will be able to travel as far as 670 miles on a tank. Additionally, the company says its vehicle, priced at $6,800, will be engineered to get a five-star crash-test rating and will include goodies such as power windows, power door locks, airbags, a radio and anti-lock brakes. The reservations start at $100 a pop, and a sliding scale goes up to $1,000 and can trigger discounts on the final vehicle purchase price.

Late last month, Elio unveiled an updated design with partially covered wheels. Earlier in January, the company said a local government agency completed its purchase of the former General Motors Shreveport Assembly and Stamping Plant in Louisiana and said it'd make about 1,500 jobs available to nearby residents. The news just keeps on coming, and you can take a look at Elio Motors' latest press release below.
Show full PR text
Elio Motors Inc. Hits 10,000 Reservations for Aerodynamic, Enclosed 3-Wheel Vehicle;

High Consumer Interest Shows Demand for Low-Cost, High Mileage Transportation Option

TROY, Mich. (Feb. 20, 2014) – Elio Motors announced that reservations for its aerodynamic, enclosed 3-wheel vehicle surpassed 10,000. The high level of interest is evidence that consumers are clamoring for an entirely new type of transportation option, according to Paul Elio, Founder and CEO of Elio Motors.
The vehicle, which is slated for production in 2015, will have a sticker price of $6,800.00, will achieve 84 miles per gallon fuel efficiency and is engineered to achieve a 5-star crash test safety rating. The vehicle is perfect for individual commuters looking for an inexpensive and fuel efficient mode of transportation, but who also yearn for a unique expression of their passion for driving.

"We're not just creating a new vehicle," Elio said. "We're creating an entirely new industry segment that appeals to people who want a low-cost, highly efficient mode of transportation, but still want to own a unique vehicle that will turn some heads. The Elio gives people the best of both worlds. The fact that so many people have put their hands up and said 'I want one' tells me we've uncovered an underserved niche in the transportation industry."

Elio has identified a number of customer segments that are perfect for the low-price, high-mileage 3-wheel vehicle, including

• People who have large vehicles for family reasons, but find themselves driving to and from work without any passengers nearly every day;
• College students who need a low-cost option for getting to and from campus;
• Vacationers who want a second vehicle for running errands on weekends at the cottage;
• Environmentalists who want to reduce carbon emissions;
• People who want to see the United States reduce dependence on foreign oil;
• Owners of low-mileage "clunkers" who would realize a net gain financially by purchasing one of Elio Motors' vehicles.

"It seems like every day we come across someone from a unique customer segment that sees how our vehicle easily fits into their lifestyle," Elio said. "We see these initial 10,000 hand raisers as a great start in our journey to change how transportation is perceived in the United States. As more people see and hear about this vehicle, we expect reservations to continue to grow exponentially."

Reservations can be made at Eliomotors.com and range from $100 to $1,000. A non-refundable reservation provides customers with an additional discount worth 50 percent of the initial deposit (a $1,000 deposit would receive an additional $500 toward the price of a vehicle at the time of purchase). Although refundable deposits can be made, more than 80 percent of customers have opted for the non-refundable reservation, again reinforcing how strongly consumers feel about this vehicle.

The Elio will come with standard features such as power windows, power door lock, tempered glass, three airbags, and an AM/FM radio. The vehicle will feature an eight gallon tank, which enables drivers to travel more than 670 miles without filling up and a Safety Management System comprised of reinforced roll-cage, Anti-Lock Braking System and 50 percent larger crush zones than a similar vehicle.

Elio Motors' supplier partners include Altair, IAV, Comau, NEWTECH 3, Cooper Tires, Irvin, Henkel, Admiral Tool, Technosports Creative, Cooper Standard, Dakkota Lighting Technologies, LLC, Detroit Thermal Systems, Eastern Catalytic, Guardian, Mando Corporation, Kiekert, Lear Corporation, Peterson Spring, Plastics Research Corporation, Superior Roll Forming and Takata.
About Elio Motors: Founded by car enthusiast Paul Elio in 2008, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The 3-wheeled Elio will attain a highway mileage rating of more than 80 mpg while providing the comfort of power windows and air conditioning, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio's first manufacturing site will be in Shreveport, La., with plans for the first production vehicle to roll off the assembly line in 2015 and significant production, sales and distribution during the next two years. For more information, visit www.eliomotors.com or www.facebook.com/ElioMotors.


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    • 1 Second Ago
  • 60 Comments
      LEONARD
      • 10 Months Ago
      To Duck i am building my own model but it's an Ev and you don't need ten mules with this design, just 2-3 it's a motorcycle all proven items over time.
      Dave
      • 10 Months Ago
      I was wondering how this compared to the cheapest car I could think of - a Yugo. http://auto.blog.rs/gallery/108/yugo%203990.jpg "What cost $3990 in 1986 would cost $8223.16 in 2012. " http://www.westegg.com/inflation/ Amazingly, at $6,800, this would be cheaper than a Yugo, even though it has fuel injection and modern emission controls and safety systems. (I suppose they save quite a bit on shipping versus the Yugo, of course)
        2 wheeled menace
        • 10 Months Ago
        @Dave
        Modern manufacturing tech has reduced the labor required dramatically. A yugo could be cheaper today, for sure.
        tump
        • 9 Months Ago
        @Dave
        Most of the money made on Yugo, though, went to political corruption and bribes, not car costs. Hell, there's not even a Yugoslavia anymore.
      • 10 Months Ago
      This isn't going to end well.. This company has NO CASH, can't raise any, has been to 3 states trying to get a loan, until our state was stupid enought to buy an 8 million dollar building to lease to them. The "owner" has 5 million of his own cash. CLAIMS we're going to get 1500 GREAT PAYING JOBS here in Shreveport, but if you do the math..1500 people at even minimum wage would wipe out his 5 million in about a month. There is NO money for production, they can't even pay the "rent" on the building they got from the parish. And they have already stated, the price is going to be a LOT more than $6800 when and If they do get to producing them. And by the way, there are NO REFUNDS, even if they don't end up making the vehicle that you merely bought a "right to purchase" for your deposit. Everyone here thinks it's a joke, we were third choice because the other two states were smart and refused to loan this guy any money.
        Schwy
        • 10 Months Ago
        yeah your right, he should just give up. No point in trying.
        danfred311
        • 10 Months Ago
        so if he got some investment and could produce the car, it would suddenly be a god idea? think a little buddy
        archos
        • 9 Months Ago
        How do you know the internal financials of the company? Your yelling in all caps and your post has the maturity of a snotty teen. Sorry if I doubt your credibility
      LEONARD
      • 10 Months Ago
      I have priced out this product on ebay and almost every part can be purchased for less than $2500 the only parts that cost real money are the body and motor and were not talking what a Mfg can buy the items for even less so there is about 3grand to play with per unit for labor,overhead,insurance so those that state in can't be done at the $6800 price are clueless lol
        jebibudala
        • 9 Months Ago
        @LEONARD
        Send me a link to the IAV motor they're using on ebay. Because I'm 99.999999% certain it hasn't been built yet as they're still trying to find experienced powertrain design engineers to even make the first prototype. My guess in such a low production engine/trans will end up costing between $2,800-$3,500 alone.
        Duck
        • 10 Months Ago
        @LEONARD
        If its so simple, why don't they have ten production ready mules touring the country? Good luck, hope you didn't waste your deposit, because you aren't getting it back.
          GoodCheer
          • 10 Months Ago
          @Duck
          As far as I can tell, they are not yet production ready. I.e., they're still developing one prototype to the next. That would preclude them having 10 production ready mules touring the country, right? If you put a couple hundred miles on one prototype and make a list of changes you want to make on the next version, would it be a good investment to make 10 rather than 1?
          archos
          • 9 Months Ago
          @Duck
          I'd rather they spend their time and money getting the final prototypes ready for manufacturing at this point. The mule tour may come later, when they are production ready. Its also pretty ignorant to tell someone not to deposit or invest toward something like this based purely on your own baseless assumptions. Investing in new startups is ALWAYS a gamble. The reason people do is they support the product and they want to contribute toward making it happen, even when there's a risk it might not make it. This is why kickstarter is such a success.
        archos
        • 9 Months Ago
        @LEONARD
        Thanks for pointing this out Leonard.
      jebibudala
      • 9 Months Ago
      I hope they eventually produce these machines. It'd be a sweet supplement to my motorcycle when weather goes south. They must be working some SERIOUS magic to still be offering the $6800 pricetag. I just don't see any profit from a realistic business sense. Powertrain, labor, and materials alone would far exceed that, unless they're producing in such massive numbers to where they can get insane supplier discounts. To put things in perspective, a 400cc Suzuki Supermoto street legal dirt bike cost more, and that's mass produced.
        • 9 Months Ago
        @jebibudala
        They Chevy Spark starts at $12,000, judging by weight it has about twice as much material as the Elio vehicle.... I'd say $6800 is still a perfectly obtainable price point for the Elio.
      Ziv
      • 10 Months Ago
      I wish Elio well, it would be very cool to have a high mpg option that costs considerably less than $10k with AC and heat. Tandem seating isn't optimal but two seats is two seats. It looks like even big guys will have plenty of room in it, too. I saw photos of it with a 6'8" guy in it and he had plenty of room. Breaking into the 'car' business is hard, though.
      Ducman69
      • 9 Months Ago
      They are following the model of Aptera. Aptera was never meant to make it into production, it was vaporware from the start. Do some research if you don't understand how people can get very rich from intentional vaporware products. This isn't going to make it to market, its just supposed to provide the illusion that it can, and get massive venture capital, non-refundable deposits from interested consumers, big government payouts, and then lastly after it "fails" they get to sell their research and seek employment directly or as a consultant for a real vehicle manufacturer.
      Cobranut
      • 10 Months Ago
      Nice to see they added a trunk lid, and hopefully expanded that cargo area a bit. The rearend looks better, but those front wheel pants look like they'll only house some tiny little tires. And where did they get that dinky 85mph speedometer, 1984??? Heck, I often cruise faster than that on the interstate. LOL Like many, I wonder if this thing will ever hit the market. I truly hope it does, and if it comes in at that price I might just buy two.
        Ziv
        • 10 Months Ago
        @Cobranut
        The current speedometer goes to 90, but since Elio claims its top speed will be "in excess of 100 mph" I would imagine they will take your criticism to heart.. Elio also says they will be using 15" tires so it might just be the shrouds make them look smaller. I hadn't seen this part before: Interior measurements are as follows: Headroom: Driver 39.8 Passenger 36.4 in Seat width: Driver 20.6 Passenger 25.3 in Interior Shoulder Width: 26.8 in Front seat Legroom: 42.7 in Rear seat Legroom: 33.1 in
      Slappy
      • 10 Months Ago
      There is no prototype with any actual proposed engine. They are still showing people their Geo Metro engine based prototype. (big whoop). If they have plans to put out anything this year they better have some more proofs of concept nearer to production to show the public.
        archos
        • 9 Months Ago
        @Slappy
        Its not supposed to be produced until next year. Everyone wants them to ram out prototypes so they can make youtube commercials and test out the race track. Well Aptera did that and it ended up being a catastrophic mistake for them. Save the showing off for when production is absolutely nailed down.
      archos
      • 9 Months Ago
      The parts aren't that exotic. Any competent mechanic should be able to service it.
      • 9 Months Ago
      For $8000 you can buy an electric trike that already exist today: Www.outrider.com http://www.outriderusa.com/Outrider-311-Solo-p/transition311solo.htm
      wric01
      • 9 Months Ago
      When they first announce the price of 6.5-7k that was 2 years ago. As with everything going up in price Parts alone would cost around 10k+ today, numbers don't add up.
        • 9 Months Ago
        @wric01
        The Chevy spark starts at $12k, weighs twice as much as the Elio vehicle, so approximately twice as much material and parts to go into it. I'd say $6800 is a perfectly obtainable price point. http://www.chevrolet.com/spark-city-car/specs/dimensions.html
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