Another American Made Car of the Future

We’ve talked about Tesla cars, made in California – the attraction they have and their growth and success (see posting from April 2 2013). Today, we focus on a car from the other end of the pricing spectrum… The Elio. While the Tesla is a high-end luxury electric car the Elio promises to be the “everyman’s” accessible, cool, alternative car. Production of the Elio is expected to begin in Shreveport, LA in 2014, providing not only an affordable car at $6,800, but also one that gets 84 miles per gallon. Even more unusual is the look of the car, a three-wheeled two-seater (think Miata meets PT Cruiser).

Maybe the one of the best features of the car is the fact that one can drive out of a dealership in one without spending a cent. The new car buyer leaves with the vehicle and a special credit card used for purchasing gasoline for the car. The plan is that each time the owner gasses up the car; the charge is for triple the fuel cost, with the extra funds going to Elio as a car payment. At 84 mpg, this routine is expected to be relatively painless. If the Elio proves to be a reliable, well-built car, this could bring a spectacular improvement to the quality of life for many. Creating jobs, providing a low cost transportation option, no up front lump sum (that many low income or young buyers have trouble producing) requirements, and a boon to the overarching need for our society to consume less fuel.

Check them out here: