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Elio Motors is an automobile company founded by Paul Elio in 2009. The three-wheeled Elio P4 is engineered to attain a highway mileage rating of up to 84 mpg with regular features such as power windows, a power door lock, cruise control, and air conditioning, all in an aerodynamic, enclosed vehicle body. The vehicle is also equipped with a safety system that includes multiple air bags, anti-lock brakes, traction control, steel unibody frame, and crumple zones. Elio's first manufacturing site will be Shreveport, Louisiana.

Specifications[edit]
Elio Motors plans to manufacture a three-wheeled vehicle (two wheels in front, one in back) with a $7,450 base price ($7,300 for people with reservations). It is projected to achieve up to 84 mpg-US (2.8 l/100 km) on the highway and up to 49 in the city. As of June 2017 there are five prototypes and three validation vehicles (codename E1-A, E1-C, and E1-D) to test for safety, aerodynamics, and durability. Even though the E1-C is not used for testing, it is significantly closer to a production model than P5, with updated interior and a cosmetically-evolved engine. It was also produced using 80% soft-tooling. [clarification needed] The testing phase is concluded, and the company is going to build 100 pre-production fleet vehicles at its Shreveport, Louisiana, manufacturing facility in 2017.

The vehicle will be equipped with standard features such as AC/Heat (manufactured by RedDOT), AM/FM stereo, power windows/door lock, cruise control, three airbags, a reinforced steel roll cage, side intrusion beams, stability control, and disc brakes with ABS. Continental AG has created a tire specifically for the Elio. The Elio is designed to meet motorcycle standards because as a three-wheeler it is within the U.S. government's motorcycle classification. The company has lobbied, in most[1] states, to alter regulations that would otherwise require drivers to wear a helmet and, in many[1] states, to remove the requirement for operators to have a motorcycle endorsement on their driver license.[2][3]

Elio Motors has delayed the release date, which was originally in 2012. Since then, the date has been pushed back each year.[10] In December 2016, the date was announced to have moved to 2018. [11] This date has made automotive analysts question the company's ability to deliver this car on time or at all. A number of critics have drawn comparisons to the Dale automobile, which had a similar production scheme. In an effort to secure a Department of Energy loan, Elio is offering advance reservations where the buyer can reserve a spot in line to possibly purchase a vehicle for a base price of $7,300.

According to KTBS news, the car company had $123 million in debt with $101,317 in the bank as of Sept. 30, 2016. [12]