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Momentum V72 - What Is An Autocycle?

Coss

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What is an autocycle?

Elio Motors Momentum v72
ELIO_06380_Momentum_P5_V21.jpg

So, Just What is an Autocycle?

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It often takes time for revolutionary ideas to become groundbreaking realities. To become a reality, an idea needs to be accepted. As strange as it may seem today, the automobile was slow to gain mainstream acceptance. A bank president in Michigan famously said in 1903 that “The horse is here to stay, but the automobile is a novelty - a fad.” Sometimes, even the founders of these revolutionary ideas are hesitant to embrace their inventions. Robert Metcalfe, co-inventor of Ethernet, predicted in 1995 that “the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.” Ultimately, revolutionary ideas often prevail over the significant roadblocks that inevitably await them.

Today, the idea of owning and driving a three-wheel vehicle is becoming increasingly more popular and accepted. So much so that it is beginning to feel like there is an announcement of the planned launch of a new three-wheeler, in one form or another, every month. And why not? Three-wheelers can offer some significant advantages that a car with four wheels simply cannot. While there are many jumping on the three-wheeled bandwagon, Elio Motors has been trailblazing the three-wheel movement.

A vehicle with three-wheels sparks an interesting discussion. Is it a car? Any vehicle with less than four wheels cannot be classified as a car by the federal government. Is it a motorcycle? Motorcycles typically have two wheels, are open-air vehicles, and, by design, offer virtually no safety features.

For many three-wheelers, the similarities end with the number of wheels. Not all three-wheel vehicles are created equally, which can create challenges for states and their legislatures. Elio Motors has been at the forefront of this process and understands its importance.

So, just what is an autocycle? To put it simply, in most states an autocycle is a three-wheel, enclosed vehicle with automotive controls and safety features. An Elio autocycle has a steering wheel, airbags, and anti-lock brakes, as well as stability and traction control. The Elio Motors' legislative team has made tremendous progress in introducing the autocycle designation as well as providing helmet and motorcycle endorsement exemptions. When we began our journey, only 11 states allowed motorcycle license exemptions for three-wheel vehicles. Today, 41 states have provided exemptions for motorcycle licenses or adopted autocycle definitions. We are making great headway in the remaining states as well.

In 2012, Elio Motors got involved in autocycle legislation after talking with the National Highway Traffic Safety Administration (NHTSA) and realizing it was not something the federal government was addressing at the time. With that knowledge, Elio Motors, with our Government Affairs team, started working with all 50 states to provide safety standards for three-wheel vehicles.

The Governmental Affairs team’s role is to work with states and assist them with the legislative language surrounding the autocycle designation. Safety is one of Elio Motors' 4 main tenets that drive the project, so we helped with the language regarding airbag protection, 3-point safety restraints, roll cages, and anti-lock brakes. Each state can vary in the language of its autocycle legislation, but the Elio, with our safety management system, is on the high end of safety in each case.

We are still working at the federal level to pass legislation for a federal definition of an autocycle with an emphasis on safety. Elio Motors’ work with Congress has provided language that has resulted in the “Autocycle Safety Act” which is now under consideration by the United States Congress.

Sometimes, having a revolutionary idea doesn’t involve re-inventing the wheel: it involves using the wheels differently. From gearheads to the average commuter, the interest in driving a three-wheel vehicle is becoming more widespread. The progress we have made with autocycle designation not only shows significant legislative progress, but also our commitment to safety with our vehicle and to the entire three-wheel segment.

*MSRP for non-refundable reservations only and applies only until non-refundable and refundable reservations total 65,000. Total current reservations can be seen at: eliomotors.com. 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.

Elio Motors 2942 North 24th Street Suite 114-700 Phoenix, AZ 85016 US
 

Rob Croson

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Anything with "tricycle" in the name is a PR nightmare, due to association with the kids toy bike.

Autocycle is a great term, really. It gets across the point that this really is like an automobile, but regulated like a motorcycle.
 

Rickb

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The autocycle legislation on the State level is fine. A Motorcycle subclassification definition that elimates the need for a Motorcycle Endorsement and helmet requirements. However, to involve NHTSA and the Federal Government to define and regulate safety requirements and create a totally new class of vehicle may come back to bite Elio Motors in the butt since EM has not built or tested a vehicle that meets those 'anticipated' safety requirements.

Welcoming government to regulate a concept vehicle you hope to get to production, only possible because there is no safety regulation and hoops to jump, makes little to no sense. The new national autocycle classification will set new regulatory safety guidelines with much stricter regulation closer to an auto than a cycle. Yes, bite them in the butt.
 
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OHIO:
(XX) "Cab-enclosed motorcycle" means a motor vehicle with motive power having a seat or saddle for the use of the operator, designed to travel on not more than three wheels in contact with the ground, and having an occupant compartment top or an occupant compartment top that is installed.

(YY) "Autocycle" means a three-wheeled motorcycle that is manufactured to comply with federal safety requirements for motorcycles and that is equipped with safety belts, a steering wheel, and seating that does not require the operator to straddle or sit astride to ride the motorcycle.
 

floydv

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...However, to involve NHTSA and the Federal Government to define and regulate safety requirements and create a totally new class of vehicle may come back to bite Elio Motors in the butt since EM has not built or tested a vehicle that meets those 'anticipated' safety requirements.

Welcoming government to regulate a concept vehicle you hope to get to production, only possible because there is no safety regulation and hoops to jump, makes little to no sense. The new national autocycle classification will set new regulatory safety guidelines with much stricter regulation closer to an auto than a cycle. Yes, bite them in the butt.
You may be right. But then again, I don't think EM has any choice. If the Elio succeeds even moderately (let's say EM produces tens of thousands of vehicles), and some Elio drivers begin to get hurt in accidents, NHTSA will be under intense scrutiny and pressure to implement regulations to "prevent" such injuries, and there will be calls to suspend sales and recall Elios. This would be a worst case scenario for EM. The Feds will then craft autocycle regulations under a compressed timeline; the resulting regulations will be rushed and most likely will be against EM's interest.

EM is better off proactively getting ahead of that curve and working to develop autocycle safety regulations with the Feds, so both EM and NHTSA can honestly say such accidents are (presumably) not because the vehicle doesn't meet the highest safety standards set forth by the federal government.
 

W. WIllie

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That's why Paul has all the testing scenerios in place. To meet the Feds requirements for automobile safety. I don't know of any Fed regulated requirements for motorcycles. "Kills two birds with one stone."
 

Marshall

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Anything with "tricycle" in the name is a PR nightmare, due to association with the kids toy bike.

Autocycle is a great term, really. It gets across the point that this really is like an automobile, but regulated like a motorcycle.
I have a problem with the cycle portion of the term. It infers something you pedal. I prefer something like 3 Wheeled Auto.
 
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