With checks cashed, Elios’ three-wheeled, 84-mpg commuter car aims for 2016 production

The three-wheeled Elio P5, with its $6,800 base price and 84-mpg fuel economy rating, is a concept most people can get behind. The car is safe, affordable for the masses, and is incredibly fuel efficient. But as we all know, making cars ain’t free.

In January, Elio Motors founder Paul Elio said that his company had raised $65 million of the $240 million required to manufacture the car, estimating that the vehicle would go into production sometime in 2016.

It appears that the remaining funds are inching toward the bank. Following a successful supplier summit in Michigan, Elio Motors has announced that it will build a fifth-generation prototype of the car dubbed the P5. According to the company, a production version will launch in the middle of 2016.

“The P5 build is another important step in our march toward production and is the culmination of several important strategic initiatives we have completed or launched in the past several months,” said Elio. “The completion of our engine prototype, our offering to accredited investors, and our recent supplier summit are all excellent examples of the progress we continue to make every day.”

Elio Motors P4
Paul Elio with the P4 prototype

“We are fortunate to work with some of the most well-respected and notable auto supplier company’s in the world,” he continued. “We also have given them a voice in our development that they typically do not have working with traditional manufacturers.”

The P5 and its eventual production variant will be based on the P4 prototype (pictured), but with amenities like power windows, power door locks, and air conditioning.

As far as the powertrain goes, the two-seater will equip a 0.9-liter three-cylinder that returns a whopping 84 mpg. Engine output wasn’t specified, but previous prototypes produced around 55 horsepower. A multi-mode Aisin manual will be the only transmission offered.

Cars

Can electric motors finally make three-wheeled cars great?

Every few years, someone tries to sell a three-wheeled vehicle to Americans. Historically, it hasn’t gone very well. We’ve got our suspicions about why people don’t buy trikes, and they boil down to this: a trike is just not a real…
Mobile

Is this the first image of a Galaxy S10 being used in real life?

It won't be long now; With 2019 underway, the Samsung Galaxy S10 is almost here. Before it arrives, here's absolutely everything you need to know about all three of Samsung's next flagships.
Smart Home

Ring security camera catches man licking the doorbell for hours

A family in Salinas, California had their Ring camera capture something pretty unexpected: a man licking the doorbell outside of their home for more than three hours. The incident took place around 5:00 a.m.
Emerging Tech

The best solar chargers for your phone, tablet, and other battery-powered gear

Looking for a gizmo that can help you charge your phone while on the go? Here, we've outlined the best solar chargers on the market, whether you're looking to charge your phone once, twice, or three times over.
News

Ford has a plan to future-proof the hot-selling F-150 pickup truck

Worried about the threat of rising gas prices, Ford will add the F-150 to its growing portfolio of electrified vehicles. It is currently developing a hybrid F-150, and it will release an electric version of the next-generation truck.
Cars

Ford’s Mustang-inspired electric crossover will spawn a Lincoln luxury version

Lincoln will get its own version of parent Ford's first mass-market, long-range electric vehicle. While Ford's version will have styling inspired by the Mustang, Lincoln will take a more traditional approach.
Cars

Driving Daimler’s 40-ton eCascadia big rig isn’t just fun, it’s electrifying

Daimler Trucks brought its all-electric eCascadia semi-truck to the 2019 CES, and invited us to take the wheel. What does it feel like to drive one? Simply electrifying, of course.
Home Theater

Spotify adds simplified Car View mode for Android users

What was once just a test is now a reality: Spotify is rolling out a new, simplified in-car user interface for all Android users called Car View, which automatically engages when the app detects a car Bluetooth connection.
Cars

Boutique carmaker Karma Automotive, legendary design firm Pininfarina team up

Karma Automotive is partnering with legendary Italian design firm Pininfarina on future luxury cars. The first product of that partnership will appear later this year, Karma said, without offering other details.
Cars

Sibling rivalry: 2019 BMW Z4 takes on the 2020 Toyota Supra

BMW and Toyota forged an unlikely partnership when they set out to build a sports car platform together. Here, we examine the similarities and differences between the 2019 Z4 and the 2020 Supra.
Cars

Tesla cuts workforce by 7 percent, ends referral program to trim costs

Tesla has announced plans to trim its workforce by seven percent, and it will end the referral program that rewards customers who help it sell cars. These measures are ways to cut costs and boost profits.
Cars

Worried about commuting in winter weather? Nissan has the answer

The Nissan Altima midsize sedan is now available with all-wheel drive. To advertise that fact, Nissan's Canadian division slapped some tank-like tracks on an Altima to create a one-off show car.
Emerging Tech

Too buzzed to drive? Don’t worry — this autonomous car-bar will drive to you

It might just be the best or worst idea that we've ever heard: A self-driving robot bartender you can summon with an app, which promises to mix you the perfect drink wherever you happen to be.
Cars

Lyft and Aptiv’s self-driving car program has come a long way (but not far enough)

Many companies talk about self-driving cars, but Lyft and Aptiv are already using a fleet of them to transport paying customers in Las Vegas. Hop in for a close look at the tech of autonomous cars, and the challenges they face.