Momentum V139

[Coss]

Elio Motors Momentum v139

We are frequently asked the question “How will the Elio be registered in my state?” To put it succinctly, the Elio will be registered as either an autocycle or a motorcycle.





*MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

Certain statements in this email including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this email. Elio Motors assumes no obligation to update the information in this email.

 

[Coss]

Page 2

The Elio Team posted: "Autocycle Update We are frequently asked the question “How will the Elio be registered in my state?” The Elio will be registered as either an autocycle or a motorcycle. If you’ve been following the project, you know that our team has "

“Autocycle” and Other Trends
by The Elio Team



Autocycle Update

We are frequently asked the question “How will the Elio be registered in my state?” The Elio will be registered as either an autocycle or a motorcycle. If you’ve been following the project, you know that our team has worked with state legislatures to ensure that Elio owners will not need to wear a helmet in their Elio and drive the Elio with their standard driver’s license. Here are two updated maps:





In terms of the autocycle designation, at least 31 states have defined an “autocycle.” It is not necessary to have the “autocycle” designation in each state, however, we currently have two bills in Congress to make the autocycle designation federal. As we continue to make progress on the legislative front, we will keep you informed.

The True Impact of Manufacturing

It goes without saying that an American manufacturing renaissance can pay immediate dividends. An investment in the production of goods at home will inevitably improve the national economy. The creation of American jobs and goods can also have an enormous impact on smaller American cities as well and in a wide variety of ways. A headline from the Decatur Daily reads that “Officials say area should see immediate benefits from auto plant.” The article points out that an auto plant will create local jobs, while also making the area more attractive to automotive suppliers, which will create even more new jobs. Additionally, the taxes generated by these new jobs will aid the growth of the community. At Elio Motors, we look forward to doing the same in Caddo Parrish, Louisiana.



Auto Financing: Stuck in Neutral

The internet has left an indelible mark on the way we purchase just about anything. At the stroke of a finger, consumers can instantly compare prices and products and make sure they are making the most informed purchase.

According to Dealer Marketing Magazine, the automotive industry still has some work to do, especially when it comes to financing. “It’s been more than two decades since the last technology-driven shift in financing and lending behavior, back when the internet offered consumers the option (and power) of financing a vehicle online. Although much has changed, recent consumer experience surveys show that auto lending has stayed stuck in 2004, walking through sand traps of slow adoption and antiquated systems. It doesn’t take artificial intelligence to understand that we can do much better—that we must do better.”

The article recognizes that the automotive industry can use both digital and brick and mortar stores to best serve their customers. Ultimately, the best car buying experience utilizes both new technologies and tried and true dealerships. At Elio Motors, we plan on letting customers purchase and finance on their own terms. This will include online, at a kiosk at one of our retail centers, or through an informative and friendly Elio Motors representative.



The Elio Team | January 24, 2018 at 7:26 pm

 

[Coss]

Well looks like everyone got onboard for the no helmets except Maine
I guess news travels slow up there

 

[booboo]

"This will include online, at a kiosk at one of our retail centers, or through an informative and friendly Elio Motors representative."

I hope my friendly Elio Motors representative does not wear a beard.
https://www.eliomotors.com/wp-content/uploads/2013/10/IMG_0370.jpg

Maybe ElioMotors is rethinking distribution method? I think this is smart.
Build them expensive, deliver them cheap.

 

[Sailor Dog]

Well looks like everyone got onboard for the no helmets except Maine
I guess news travels slow up there

Helmets for 18 & under in only Maine. Motorcycle endorsement required in only Alaska, Maine & NY... Impressive legislative milestones. Slowly building separation between front running ELIO, Vanderhall & Sondors and the rest of the minor 3 wheelers!

 

[booboo]

Helmets for 18 & under in only Maine. Motorcycle endorsement required in only Alaska, Maine & NY... Impressive legislative milestones. Slowly building separation between front running ELIO, Vanderhall & Sondors and the rest of the minor 3 wheelers!

" The bill defines "autocycle" as a motorcycle with three wheels in contact with the ground, front-wheel drive, a fully enclosed occupant compartment, and a steering wheel and which is subject to applicable federal motor vehicle safety standards."
https://www.congress.gov/bill/115th-congress/house-bill/2381

"This bill defines "autocycle" as a motor vehicle with three wheels, a fully enclosed occupant compartment, and a steering wheel, which is subject to applicable federal motor vehicle safety standards."
https://www.congress.gov/bill/114th-congress/house-bill/2892

I believe these are the two bills in Congress, referred to in V139.

 

[Coss]

" The bill defines "autocycle" as a motorcycle with three wheels in contact with the ground, front-wheel drive, a fully enclosed occupant compartment, and a steering wheel and which is subject to applicable federal motor vehicle safety standards."
https://www.congress.gov/bill/115th-congress/house-bill/2381

"This bill defines "autocycle" as a motor vehicle with three wheels, a fully enclosed occupant compartment, and a steering wheel, which is subject to applicable federal motor vehicle safety standards."
https://www.congress.gov/bill/114th-congress/house-bill/2892

I believe these are the two bills in Congress, referred to in V139.

That's interesting, Front wheel drive? How many trikes are FWD?
Most of the trikes in the world are RWD, so is this going to define what an Autocycle is?
That's a good thing, except for all of the ones that are already out in mass.
At least there is only one that meets the criteria.

Wonder what it's going to do on the insurance?

 

[ABC123]

NY Stater here - what does motorcycle endorsement mean?

 

[Mel]

NY Stater here - what does motorcycle endorsement mean?

It means that you have an endorsement to ride a motorcycle.

 

[W. WIllie]

If you go to those sites to read the bills, click on the "tabs" for more info. Very interesting.