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Canada’s Answer to Tesla Is a $15,500 Electric Three-Wheeler

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It’s all-electric like a Tesla. It’s priced like a Ford Fiesta. It’s one of the oddest-looking vehicles you’ve ever seen — and it may just redefine the commuter car.

As General Motors Co. prepares to shut the plant near Toronto that got car-making started in Canada more than a century ago, a new model is taking shape in a tiny production facility in Vancouver’s outskirts.

Meet the Solo — a one-seater vehicle made by Electra Meccanica Vehicles Corp. that costs $15,500. By December, 5,000 will be zipping around the streets of Los Angeles, with an additional 70,000 to be delivered over the next two years across the West Coast. Electra Meccanica may have a market value of just $140 million, yet it has $2.4 billion in pre-orders. The stock more than tripled in New York Wednesday.

relates to Canada’s Answer to Tesla Is a $15,500 Electric Three-Wheeler
An Electra Meccanica Solo electric car at the company’s production facility.Photographer: Ben Nelms/Bloomberg
The peculiar three-wheeler may even offer a lifeline to General Motors’ doomed Oshawa, Ontario plant, which is set to close this year and put 3,000 people out of work.

“We have had some discussions around that,” said Electra Meccanica Chief Executive Officer Jerry Kroll, adding… Read More

Source: https://www.bloomberg.com/news/articles/2019-02-12/tesla-s-latest-competitor-is-a-15-500-electric-three-wheeler

Author: Natalie Obiko Pearson

Image Credit: Ben Nelms/Bloomberg