Momentum V134

[Coss]

Elio Motors Momentum v134

As automakers continue to turn their focus to different power sources, we are regularly asked if the Elio will utilize alternative sources of power. The first model of the Elio will be gas powered for a variety of reasons. Today’s Momentum from the archive is a review of these reasons.






*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]

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The Elio Team posted: " As automakers continue to turn their focus to different power sources, we are regularly asked if the Elio will utilize alternative sources of power. The first model of the Elio will be gas powered for a variety of reasons. Today’s Momentum from the archi"

Gas or Electric?
by The Elio Team



As automakers continue to turn their focus to different power sources, we are regularly asked if the Elio will utilize alternative sources of power. The first model of the Elio will be gas powered for a variety of reasons. Today’s Momentum from the archive is a review of these reasons.

There is no denying the fact that the Elio is a conversation starter. Conversations about the Elio inevitably lead to a barrage of questions. And why not? A vehicle sporting a unique configuration, an unbeatable price, and unprecedented efficiency is guaranteed to inspire curiosity. The sleek, almost futuristic look of the Elio splits new observers into two different categories. One group naturally assumes the vehicle is electric powered due to its ultra-high mileage. The other wants to know if the Elio will be electric powered in the future.

So, why did we decide to make the first version of the Elio gas powered? Here are the reasons:

Must-Have?

There are four “musts” that are kept in mind when considering every decision we make concerning the vehicle. Our mission is to manufacture an affordable, safe, efficient vehicle that is manufactured in the United States. As far as any decision regarding the vehicle or the company itself is concerned, the solution must be run through these four tenets. These four guiding principles are at the heart of our mission and are who we are as a company. At this stage, making the Elio an electric vehicle runs up against our “affordability” tenet. An electric vehicle costs significantly more to produce than a gas-powered vehicle. The cost of a replacement battery for some electric cars can range from $3,600 to over $6,000. So, an internal combustion engine makes for a better fit for Elio Motors.

Is It for Everyone?

The Elio’s appeal is undeniable. Whether your focus is personal savings, environmental friendliness, saving time on your daily commute, or American-made products, the Elio is for you. As currently constructed, the infrastructure for electric vehicles is lacking when compared to gas-powered vehicles. Our vehicle is designed for more than just quick trips around town or exclusively for long hauls to and from work. Our vehicle is designed to be a viable option for both situations, which makes a gasoline-powered vehicle the more logical choice.

Tried and True?

Each engineer involved with the Elio knows the directive all too well. “No new technology.” The Elio can be thought of as a perfect paradox. It is at the same time new, because of its unique configuration and the fact that it’s driven by the four “musts.” Yet, it’s also proven because it utilizes validated and existing technology. By using proven and existing technology, we can ensure that our vehicle will be reliable and affordable. Electric vehicles on the market contain a considerable amount of new technology. While this technology is promising, there is still progress to be made.


The Elio concept creates a considerable amount of enthusiastic conversation. Many supporters and observers want to know if we plan on producing an electric version in the future. Our mission is driven by our four tenets, which creates a great framework to produce a vehicle that is practical for the vast majority of the population by using proven and existing technology. While we are more than satisfied with our vehicle as currently constructed, we are always keeping an eye on the future. Today, the conversation is about the gas-powered Elio. But, given Elio Motors is focused on enhancing the notion of personal transportation, that conversation could very well include different power sources in the future.

The Elio Team | December 6, 2017 at 7:06 pm

 

[Grumpy Cat]

I do enjoy this part:

An electric vehicle costs significantly more to produce than a gas-powered vehicle. The cost of a replacement battery for some electric cars can range from $3,600 to over $6,000.

 

[Rickb]

I do enjoy this part:

Why do you enjoy that?

 

[Grumpy Cat]

Why do you enjoy that?

Because people love to point out how cheap it is to maintain an EV, and you pay for electricity, not gas, but fail to mention how expensive it is to replace the batteries.

 

[Burg]

Because people love to point out how cheap it is to maintain an EV, and you pay for electricity, not gas, but fail to mention how expensive it is to replace the batteries.

The cost of batteries has dropped 80% over the past 6 years. It will continue to drop as OIL will continue to rise as it ALWAYS has and does. Though oil is nothing where it was at peak in June 2008 ($158) before the crash, it has been slowly creeping back up since early 2016. I remember when the cost of a Tesla battery was estimated at $46K. Now, under $6k. The suspected life is also increasing and is passing 150K miles. In short ya gotta give up this battery hate thing. Its becoming embarrassing.

 

[Grumpy Cat]

The cost of batteries has dropped 80% over the past 6 years. It will continue to drop as OIL will continue to rise as it ALWAYS has and does. Though oil is nothing where it was at peak in June 2008 ($158) before the crash, it has been slowly creeping back up since early 2016. I remember when the cost of a Tesla battery was estimated at $46K. Now, under $6k. The suspected life is also increasing and is passing 150K miles. In short ya gotta give up this battery hate thing. Its becoming embarrassing.

I don't hate batteries, I just live in a world of reality. 6k is still nothing to sneeze at. Let's say gas is $3/gal. If you are getting 84mpg, that comes to 168k miles, or about the life of the vehicle for a gas engine. How long do batteries last again? Also, how long does it take to get a full charge vs filling up an 8 gallon tank? Until batteries can be very similar to a gas engine, I'll stick with the "old" technology.

 

[Burg]

84 MPG? What ( Fossil fuel ) car does that? Id buy it today! Cost on my current vehicle in upkeep and gas per year is over 10K. My wife's car is doing much better at 6K a year gas and maintenance. With Numbers like that, sticking with old tech seems silly to me. Obviously mileage varies so your circumstances may find an EV less cost effective. So It may be safer to say that EV's and battery cost will wash with many consumers, but not all.

 

[Grumpy Cat]

84 MPG? What ( Fossil fuel ) car does that? Id buy it today! Cost on my current vehicle in upkeep and gas per year is over 10K. My wife's car is doing much better at 6K a year gas and maintenance. With Numbers like that, sticking with old tech seems silly to me. Obviously mileage varies so your circumstances may find an EV less cost effective. So It may be safer to say that EV's and battery cost will wash with many consumers, but not all.

Why are you even here? Do you know anything about the Elio? Do you even care?

Right on the front page of Elio's web page, 84mpg:

https://www.eliomotors.com/

What car costs 6k a year to maintain, let alone 10k? You are getting screwed if you are paying that much. I can see if you bought a 35k car with no down payment. Car payment alone is $6,400/year, but that's not maintenance, that's the purchase price, which is done through a loan. The Elio costs ~7,500, not including any options. So you can buy several Elios for your 1 car.

 

[Burg]

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The Elio Team posted:
Must-Have?

There are four “musts” that are kept in mind when considering every decision we make concerning the vehicle. Our mission is to manufacture an affordable, safe, efficient vehicle that is manufactured in the United States. As far as any decision regarding the vehicle or the company itself is concerned, the solution must be run through these four tenets. These four guiding principles are at the heart of our mission and are who we are as a company. At this stage, making the Elio an electric vehicle runs up against our “affordability” tenet. An electric vehicle costs significantly more to produce than a gas-powered vehicle. The cost of a replacement battery for some electric cars can range from $3,600 to over $6,000. So, an internal combustion engine makes for a better fit for Elio Motors.

Fore me.....
Affordable = Yes, even $10K the Elio is a bargain IMO
Safe = I think( though I don't know ) the Elio is a safer 3 wheel option compared with other trikes.
Efficient = As I mentioned before, even at 60MPG the Elio would be efficient and offer me cost savings. I think the real rub will be if the individual components of the vehicle will be robust enough to have it last 150 + miles.
Made in the US = Would be nice, but should it become a deal breaker, I dont know.

This is the second Momentum this year that I actually read all the way through without getting T'd off.