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Momentum V142

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Elio Motors Momentum v142



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In a Momentum published earlier this year, we provided an update on our legislative progress and highlighted the fact that many states now have a definition for an autocycle. You may ask, just what makes an “autocycle” an autocycle?






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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.
 

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The Elio Team posted: " What is an Autocycle? In a Momentum published earlier this year, we provided an update on our legislative progress and highlighted the fact that many states now have a definition for an autocycle. You may ask, just what makes an “autocycle” an autocy"


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Legislative Progress Report
by The Elio Team



What is an Autocycle?

In a Momentum published earlier this year, we provided an update on our legislative progress and highlighted the fact that many states now have a definition for an autocycle. You may ask, just what makes an “autocycle” an autocycle? Put very simply, an autocycle is a three-wheel, enclosed vehicle which is equipped with automotive controls and safety features. While there are other three-wheeled vehicles that fit this description, Elio Motors has spearheaded the autocycle designation movement.

States with other designations

While it is helpful to have an autocycle designation, it is by no means a necessity. In most of the remaining states, there is legislation which removes the requirement for a helmet and motorcycle license. California, Washington, and the District of Columbia currently have an enclosed cab exemption. In Florida, the Elio is considered a Tri-vehicle. Massachusetts and Montana have technical exemptions. In Nevada, there is a trimobile exemption, while the Elio is considered an “unconventional” vehicle in North Dakota.

There are three states that still require action: Alaska, Maine, and New York. In Alaska, we are working diligently to remove the current motorcycle endorsement. We have made major strides in Maine and are confident that they will adopt an autocycle designation. We have introduced three bills in New York and will continue to work to move the legislation along.


States with an Autocycle Designation

In the past, we have published maps that show which states required helmets and motorcycle licenses. Following our recent Momentum on legislative progress, we received many questions from reservation holders asking if their states currently had an autocycle designation.

Here is the list of states that currently have an autocycle designation:

Alabama

Arizona

Arkansas

Colorado

Connecticut

Delaware

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maryland

Michigan

Minnesota

Mississippi

Missouri

Nebraska

New Hampshire

New Jersey

New Mexico

North Carolina

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

West Virginia

Wyoming



Bottom Line

There are several benefits to an autocycle designation, which is why we have introduced legislation at the federal level for the sake of uniformity across all 50 states. Again, the autocycle designation is helpful but not essential. 47 states do not currently require a helmet or motorcycle license and we will relentlessly work on the remaining states to ensure that by the time production beings, Elio owners will have no licensing nor helmet issues in any states.

The Elio Team | February 14, 2018 at 7:24 pm

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