Elio Motors promised a next-gen, 84 mpg car and got millions in deposits. But where are the cars? (2024)

When Bev Hargraves first saw Elio Motors' three-wheeled car prototype in 2013–a tandem two-seater that promised 84miles per gallon he saw it as the perfect way to save money on fuel while driving to play in amateur golf tournaments.

Hargraves, an insurance salesman from Little Rock, Arkansas, placed a $1,000 deposit on the Elio, which was advertisedfor less than $7,000.

Eight years later, he still hasn’t gotten his vehicle –and he hasn’t gotten his money back, either.

Hargraves, 70, says he can't help but “wonder if it was a scam to start with” rather than just a company struggling to reach production.

After securing more than 65,000 reservations totaling tens of millions of dollars, Elio Motors went silent in 2018, saying virtually nothing for three years until USA TODAY began looking into the company this summer.

Despite promising to begin vehicle production as soon as 2014, the company has repeatedly failed to get off the ground at its factory in Shreveport, Louisiana, a former General Motors property. It has never sold a single vehicle.

Elio Motors promised a next-gen, 84 mpg car and got millions in deposits. But where are the cars? (2)

In early September 2021, the Phoenix-based company broke its silence by announcing it was pivoting to a $15,000 electric version of its car. Production, it said, is expected to begin in 2022. But it has not identified a viable path toward raising the hundreds of millions of dollars it says it needs to get there.

At the same time, the company warned in a filing with the Securities and Exchange Commission that there’s “substantial doubt” about its ability to stay afloat.

Help us investigate Elio Motors

Did you place a deposit on an Elio vehicle or invest in the company? We want to hear from you.

But Paul Elio, founder and CEO of Elio Motors, said in an interview with USA TODAY thathe believes the company can still succeed.And he said Elio Motors was “upfront and bold” from the beginning that the deposits it took from customers were nonrefundable.

“I think the vast majority of folks are still rooting for us. I think the vast majority of folks realize this is not a scam,” he said on Sept. 14 in his first major media interview in several years. “What we’re trying to do is hard. It really is hard. And we may or may not make it. Until we’ve made it, we haven’t. But the thing that pisses me off is when people call it a scam like we’re not honorable. Because there’s no evidence of that, ever.”

Here’s what we learned during our investigation:

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Elio Motors promised a next-gen, 84 mpg car and got millions in deposits. But where are the cars? (2024)

FAQs

What is happening with Elio Motors? ›

In early September 2021, the Phoenix-based company broke its silence by announcing it was pivoting to a $15,000 electric version of its car. Production, it said, is expected to begin in 2022. But it has not identified a viable path toward raising the hundreds of millions of dollars it says it needs to get there.

Who is the manufacturer of the new 3 wheel car? ›

Canadian electric vehicle manufacturer Daymak is following up on its announcement of a series of new electric vehicles with the unveiling of its first three-wheeled electric car, the Daymak Spiritus. The Daymak Spiritus is claimed to be the “world's fastest three-wheel electric car.”

Is the Elio ever going to be built? ›

That predictably failed, and in 2021 the last gasp from Elio came by way of an electric version of its car, called the Elio-E, and more promises of production. “We are planning on starting production with the Elio-E to take advantage of both financial investment opportunities and consumer demand in the electric market.

Will the Elio ever be made? ›

In 2021, it put out a press release claiming that it is focusing on going electric before producing a gas-powered Elio. At this point, it looks like funding for Elio has all but stopped. I would not be surprised if we never see an Elio released to the public.

Where are the big three US car manufacturers located? ›

All three have their headquarters in the Detroit area; the majority of their operations are unionized with the United Auto Workers and Unifor.

How much do the 3 wheel cars cost? ›

The Polaris Slingshot is a half-car, half-motorcycle, 3-wheeled mashup that costs $33,000 and can do 0-60 mph in 5 seconds. The letter F.

What is the car with 3 wheels called? ›

Three-wheeler transport vehicles known as auto rickshaws are a common means of public transportation in many countries in the world, and are an essential form of urban transport in many developing countries such as India and the Philippines.

Who is Elio's competitor? ›

Polaris Slingshot. Polaris is best known for making ATVs, but the company also offer a three-wheeled autocycle similar to the Elio. The Slingshot is available in four models: S ($19,999), SL ($25,499), SLR ($28,999), and SLR LE ($30,999).

How much did Elio Motors raise? ›

Elio Motors, known for its three-wheeled vehicles, went public in February 2016. The company raised nearly $17 million in funding using the StartEngine Crowdfunding platform made possible under Title IV of the 2012 Jumpstart Our Business Startups (JOBS) Act.

What is the top speed of the Elio Motors? ›

Top speed over 100 MPH.

Does Elio Motors exist? ›

Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle.

What engine does the Elio car have? ›

Call It an Autocycle

It fits two people, tandem-style, and is said to weigh just over 1200 pounds. The aluminum-block three-cylinder SOHC gasoline engine is Elio's construction, too, with all 55 horsepower and 55 lb-ft of its might routed through a five-speed Aisin manual or automatic.

Does any car get 100 miles per gallon? ›

The BMW i3 can be had with an available tiny range-extending gasoline engine, making it either an all-electric vehicle or plug-in hybrid. As a plug-in, it has an EPA-estimated 100 mpg-e rating.

Who is the largest car maker in the United States? ›

General Motors was established in 1908, in Detroit, by William C. Durant — and the company has remained headquartered there ever since and has managed to keep its status as the country's largest automaker.

What is the oldest car manufacturer in the United States? ›

Oldsmobile
Oldsmobile building, pictured in 2008
FormerlyOlds Motor Vehicle Company (1897–1899) Olds Motor Works (1899–1942)
TypePrivate (1897–1908) Division (1908–2004)
IndustryAutomotive
FoundedAugust 21, 1897
8 more rows

Who is the greatest car manufacturer of all time? ›

Toyota is the most sold car brand in the world.In 2022, Toyota sole 10.5 million vehicles. Toyota is also the second largest company in terms of revenue, with $267.02 billion made in 2022.

What are the disadvantages of a 3 wheel car? ›

One of the main problems with three-wheel cars is instability. Anyone who's ever ridden a tricycle knows how easily they can tip over. That's because many three-wheel designs -- in the delta configuration -- are simply more prone to tipping over than four-wheel cars are.

What is the fastest 3 wheeled car? ›

the higher-spec spiritus delivers mind-bending acceleration of 0-96 km/h in 1.8 seconds with a top speed of 130 mph. the spiritus ultimate boasts ondata wireless charging technology, plus a 300-mile range and autonomous driving features.

How much should a new wheel cost? ›

Changing and replacing your tire rims can cost anywhere from $200 to $500 per wheel or $800 to $2,000 for your entire car.

When did 3 wheelers become illegal? ›

Abstract. In January 1988, sales of new three-wheel all-terrain vehicles (ATVs) were banned in the United States because of the high incidence of injury associated with their use, especially by children. Four-wheel ATVs remain on the market.

What is the car with 2 wheels called? ›

Gyrocars, a self-balancing car on two wheels.

What is the thing with 2 wheels called? ›

a vehicle with two wheels that you ride by pushing pedals with your feet. A bicycle is often called a bike.

Who owns Elio Motors? ›

Paul Elio

Why does Oliver not want to be with Elio? ›

Oliver might have also believed that everything between them was just "fun and games" to Elio and that he'd be able to move on and find someone else, so by leaving their love behind, Oliver thought he was giving Elio another chance to try. St.

Do Elio and Oliver break up? ›

So at the very end of the book (like, with 10 pages to spare), Elio and Oliver do, in fact, end up together. It's written as a flash-forward, basically, and the two of them now live in the house where they spent that first summer.

What happens to Elio and Oliver in the end? ›

In the final part (called “Da Capo,” an Italian musical term that translates to “repeat from the beginning,”) Elio and Oliver now miraculously live together in Italy several decades after separating, in the same house where it all began.

What is the top speed of a Elio car? ›

Top speed over 100 MPH.

Is Elio's family rich? ›

Although Elio does experience some degree of apprehension regarding his hom*osexual urges, he is embedded in a family and social environment that appear to accept such predilections. His family is rich, educated, and they employ servants that do all the cooking, cleaning, and estate-care.

Why did Elio leave? ›

So, the reason for leaving Elio, is either societal fear or Oliver's straight orientation. I found it really strange that while both Elio and Oliver were so into each other, they never raised a question on the imminent parting; they accepted it like it was a dogma.

Where does Elio live when he's not in Italy? ›

Elio lives in Paris but is already planning to visit New England before hoping to move back to his family's house in Italy. Samuel, who is himself spending time in Rome, is planning to move back to his beach house in the town of B.

Did Oliver marry a woman? ›

Samuel, Elio's father, embarks on an unexpected journey with Miranda, a woman he spontaneously meets aboard a train. In the second part of the book, readers are reintroduced to Elio, who begins a new relationship of his own. Then readers meet Oliver, who has returned to America, married a woman and started a family.

What is the age gap between Oliver and Elio? ›

While in the film and book Elio is 17 and Oliver is 24 –the actors have a far greater age gap in real life of 20 and 30. “I've worked with many survivors of sexual assault, especially in the LGBTQ community, which oftentimes goes unreported.

Where did Elio and Oliver go? ›

Basilica di Santa Maria Maggiore

Located in Bergamo, this is where Elio and Oliver spend their last days together before the heartwrenching train station goodbye as Oliver leaves for the states.

Does Elio get sick? ›

Answer and Explanation: Elio is not sick in Call Me by Your Name. He gets frequent nosebleeds both in the book and in the film adaptation, but this is not meant to be representative of a more significant or serious illness. It is simply something that happens often to some people and not others.

Did Elio and Oliver sleep together? ›

He gets a note back that says, "grow up. I'll see you at midnight". Elio has sex with Marzia again, and then that evening goes to see Oliver. The two finally sleep together.

Did Oliver lay on top of Elio? ›

It was at the beginning of the book before they spoke about their feelings that elio mentioned oliver coming into his room at night and lying on top of him. Just lying and elio pretended to sleep.

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