• SOURCE: Elio Motors

Distruptive By Design



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ANCHOR LEAD: Named one of the 2015 Top Ten Startups of the New Automotive Industry, Elio Motors continues to move closer to production. Brian Osuch has more from the North American International Auto Show in Detroit. (:60) SCRIPT: Technology Now, I'm Brian Osuch. It will get up to 84 MPG and will be made in America – with a targeted base price of under 7-thousand dollars, say hello to the Elio. It's a three-wheeler from Elio Motors, slated to launch in late 2016. Elio Motors is showcasing the vehicle at the Detroit Auto Show. Founder and CEO Paul Elio… CUT: (Elio) The vehicle sits two occupants front to back and that's the secret to the gas mileage. At highway speeds, most of your fuel goes to moving air. We're half as wide, move half as much air, we get double the mileage. SCRIPT: The Elio changes the way people view transportation. CUT: (Elio) So Americans buy big vehicles for a reason. You can't haul plywood in a Prius, you can't tow a boat with a Versa. And then we get stuck driving them back and forth to work all by ourselves. So Elio is personal transportation. It's an "And" vehicle. SCRIPT: And this vehicle is growing in popularity. CUT: (Elio) We have over 48,000 reservations, which means over 325-million dollars of product reserved. I don't think there's ever been a vehicle with that kind of traction a year ahead of production. SCRIPT: For more, go to ElioMotors.com. That's Technology Now from Elio Motors.
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