ELIO MOTORS (ELIO) Stock News

Elio Motors has announced plans to produce an electric version of its three-wheeled vehicle, the Elio-E, in response to rising consumer demand for electric vehicles. With a targeted base price of $14,900, it aims to be the most affordable entry-level electric vehicle. Elio previously garnered over 65,000 reservations for its gas-powered Elio-G, showcasing strong market interest. The engineering for Elio-G will facilitate the development of Elio-E, shortening production timelines. CEO Paul Elio emphasized the demand for innovative, low-cost electric options.