Electric Cars

Arcimoto SRK IPO Reveals Expected Average Price

The Arcimoto team, based out of Eugene, Oregon, did a great job with its electric three-wheeler, the SRK. I think an electric three-wheel platform, otherwise known as RT3, is one of the most ideal solutions to urban mobility, allowing for fast and convenient hops throughout the city. And the Arcimoto SRK certainly looks like it would be fun to own, whether I lived in a city, the countryside, or the desert. I briefly test drove an early version of the SRK at the Los Angeles Auto Show and was immediately impressed.

Tesla Model 3 Month Is Here

Tesla CEO Elon Musk has said on multiple occasions in the past year that the target was to start production of the Tesla Model 3 in July. When he first said this (on one of Tesla’s quarterly conference calls), he was very hesitant to say it because he indicated it was a strict target for suppliers specifically because they knew not all suppliers would end up meeting the target. To try to really meet the target (or not go far beyond it), Tesla had penalties in place for suppliers who missed the deadline. Furthermore, as a backup, Tesla said it was preparing production capacity for any critical parts of the car itself in case its suppliers fell through.

Electric Car Market Up 27% In Europe

The European passenger plug-in market had more than 21,000 registrations last month, up 48% over the same month last year. Year-t0-date, the market is up 27% this year, with the EV share standing at 1.4%.

With quality control issues solved in the second half of the month, the Renault Zoe was once again Master in Command, with the BMW i3 and Outlander PHEV recovering some ground over the ageing Nissan Leaf.