Elio Motors Three-Wheeler: Yours for $7,300 - Sort Of

For the past few years, startup Elio Motors has said that the “target price” of their enclosed tandem three wheeler was $6,800. As the company and their vendors finalize the design of the production vehicle and seek financing for that production, Elio has announced a “locked in” base price of $7,300, though that price for now only applies to the first 65,000 reservation holders (and it appear that those who already have placed reservations may pay as little as $7,000).

Since more than 56,000 people have already put down reservations for the Elio trike, if you want to buy an Elio and lock in that $7,300 price, there are fewer than 9,000 slots remaining. There was no word on what the price will be after the first 65,000 are reserved.

The pricing announcement is tied to the company’s still active application for a $185 million loan from U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing program.

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Elio Engine Development Proceeds but Trike's Production Start Pushed Back to 2016

While there has been ample skepticism of the Elio Motors enterprise, I’ve personally been one of the more optimistic, or at least less skeptical voices concerning the project. All along, though, I’ve said that there were benchmarks that had to be met, like progress on the IVL led Elio engine development program and the beginning of hiring in earnest for Elio’s facility in the former General Motors plant in Shreveport, LA, and that the time for skepticism would begin if and when those benchmarks weren’t met. Elio isn’t trying for a moonshot, just a 1,200 lb 55 horsepower reverse trike using mostly proven components, so whatever barriers to getting the enterprise off of the ground are mostly financial, not technological. Now, it seems that Elio will be missing one of those benchmarks, or at least moving the goalposts, as it scrambles to put together the almost quarter billion dollars Paul Elio says he needs to start production.

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  • ToolGuy When The Grand Tour covered the Manx way back in 2016, my first thought was "That would make an ideal EV candidate." Range is not an issue, lightweight, torquey, quiet and harmonious with nature (to the end user).Could I be a prophet??
  • BetterOne Not sure where you got your info from, Corey, but in North America the 2020 Cadenza continued on with the direct-injected 3.3L Lambda II V6. Apart from a larger infotainment screen, the 2020 was notably decontented from the prior model, too - no HUD or power rear sunshade, for example.
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  • Ajla Does anyone ever actually pay these ridiculous 2x or more markups? You can't get a car loan for that much over MSRP so you'll need someone with a lot of cash burning their pockets. My guess is that they'll give you a "deal" and mark it down to only $5k over MSRP when buying. Or is there some other angle?