Momentum V137

[Coss]

Elio Motors Momentum v137

Based on feedback from supporters, we have revamped the format of the Momentum. This week, we discuss a recent development on the legislation front and take a look at two recent industry trends.







*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: " You may have noticed that the Momentum has a new look. Our goal, in the new Momentum format, is to keep all of our supporters, fans and reservation holders informed on a number of fronts. If you have an interest in engineering, industry tren"

Legislation Update and more
by The Elio Team


You may have noticed that the Momentum has a new look. Our goal, in the new Momentum format, is to keep all of our supporters, fans and reservation holders informed on a number of fronts.



If you have an interest in engineering, industry trends, or general Elio Motors progress, we aim to provide you with valuable information. In the past, Momentum has covered one topic. Today, we will cover three: legislative progress, the impact of the daily commute, and the growing trade deficit.

Autocycle Progress

Yesterday, a bill was proposed by Senator Dave Miramant which would create an autocycle designation for autocycles in the state of Maine.



The proposed bill would define autocycles and allow drivers to drive autocycles with their regular driver’s license. According to Senator Miramant, ““Although there has been proposed Federal legislation to deal with autocycles, there has been no action at this point.”



“We shouldn’t rely on Washington to get this done — other states are moving forward with their own common-sense regulations and we should be doing the same here in Maine.”

Commute

According to data from the US Energy Information Administration, the largest source of greenhouse pollution is transportation for the first time in 40 years. Previously, the generation of electricity contributed far more pollution than getting from Point A to Point B. According to IFL Science, “the automotive sector is lagging behind.





More than 50 percent of urban pollution can be attributed to motor vehicles. The US Energy Information Administration indicates that carbon dioxide emissions emitted in 2016 by transportation increased by 1.9 percent, overtaking power generation as the most polluting sector in the country.” At up to 84 MPG on the highway, the Elio can play a significant role in limiting our carbon output.



Cutting the Deficit, Creating Jobs



While there is no denying we are living in an era of polarizing politics, there is one issue that transcends party affiliation: the creation of American jobs. The 21st century has seen American manufacturing jobs vanish and as a result the national trade deficit has continued to grow. NJ Today says “Millions of Americans have lost their jobs due to the massive trade deficit …Nearly three-fourths of the lost jobs were in manufacturing.”





The equation is simple: by fostering American manufacturing, we can effectively combat the growing trade deficit. The automotive sector, in particular, can usher in the next era of American manufacturing.

_


The Elio Team | January 10, 2018 at 7:29 pm |

 

[Samalross]

Wonder if John Painter had anything to do with the Maine legislation. Have not had a comment from him in quite a while.

 

[booboo]

Wonder if John Painter had anything to do with the Maine legislation. Have not had a comment from him in quite a while.

I do not know who John Painter is.
I do know who Joel Sheltrown is, and it is good to see he is still around.
" Joel Sheltrown, Vice President of Governmental Affairs for Elio Motors, testified in support of the bill. "
http://www.penbaypilot.com/article/...would-create-licensing-autocycles-maine/96632

 

[Coss]

I do not know who John Painter is.
I do know who Joel Sheltrown is, and it is good to see he is still around.
" Joel Sheltrown, Vice President of Governmental Affairs for Elio Motors, testified in support of the bill. "
http://www.penbaypilot.com/article/...would-create-licensing-autocycles-maine/96632

John Painter was a member on here, nice guy. And your right, haven't heard anything from him in a very long time, I wonder what he's up to?

 

[Coss]

I went back and looked him up
Last Activity:
Jan 10, 2017
Joined:
Sep 16, 2014
Messages:
1,437
Likes Received:
5,199
Warning Points:
0
So he has been around, just not on here for very long.

 

[johnsnownw]

I went back and looked him up
Last Activity:
Jan 10, 2017
Joined:
Sep 16, 2014
Messages:
1,437
Likes Received:
5,199
Warning Points:
0
So he has been around, just not on here for very long.

Weird coincidence that that it's been a year to the day since his last log in. That's some kinda timing.

 

[Samalross]

He was quite knowledgeable and was dealing with Maine government officials concerning Autocycle legislation as a volunteer.

 

[Elf]

I've been to the Gridiron sports bar and John hasn't been there in awhile either .

 

[RSchneider]

The equation is simple: by fostering American manufacturing, we can effectively combat the growing trade deficit. The automotive sector, in particular, can usher in the next era of American manufacturing.

There one thing that really bothers me. From reading this, you'd assume that there has been no work done by automotive sector when it comes to American manufacturing. I know that Elio will employ 1500 people at their plant in 2019 but if you go and look at just the non US automotive companies plus Tesla that operate in the US, since 2010 (when Paul has been all gloom and doom on American manufacturing) approximately 20K automotive plant jobs have been created with either expansion or building brand new automotive plants. By 2021, there will be another 6K created from the new Toyota/Mazda plant in AL and expansion of the Volvo plant in SC. I'm just wondering, does Paul think that creating another 1500 is going to be some major turnaround as opposed to the 20K created while he's been in business?

Then there's the talk about trade deficit. For anyone that has spent any time outside the US or even read the news, the Elio will not be a hit for export. It's either going to be hit with a big tax or just outright banned. They might sell a few thousand but it's not going to be any sort of dent in the trade deficit. BMW exports more X series out of their Spartanburg plant per year than Elio will make total for a year. In 2016, BMW exported 287K cars. I can't find how many VW and MB exports though but I know they do.

Elio really needs to get with the year 2018, not sit and tell us things that were happening in 2010 or just leave out the info that jobs have been created. This blog came out literally on the day that Toyota/Mazda announced that AL was getting 4000 jobs by 2021. Does he really think people don't read the news?