|The first production Arcimoto Signature Series FUV delivered to |
Arcimoto Founder and CEO Mark Frohnmayer on November 11th, 2017
Today, thanks to electricity including renewable energy made on the roof of our houses and computational power, we have more transportation options than ever before. From Uber and Lyft, to the electric longboard to the Tesla truck, pick the transportation option that is right for you. Pick the transportation choice that reflects your values and where you want to go in the present and the future.
According to the 2010 US Census, 80.7% of the U.S. population now lives in urban areas. The Arcimoto FUV vehicle architecture is a completely new class of vehicle that slots squarely between a 300 lbs. motorcycle and a 3000 lbs. car and it is ideal for those living in urban areas. The FUV is also a crazy fun open air drive for two in the city without a helmet needed in many states including California.
|Nasdaq welcomes the second electric vehicle maker on the Nasdaq.|
I’ve experienced the fun of driving around in a preproduction SRK (now known as the FUV) last year for a few days. With the Reg A capitol raise followed by the listing on Nasdaq, the opening of its manufacturing plant, the delivery of its first retail production signature vehicle, an early to mid 2018 schedule for a pilot fleet of 50 FUV's followed by scale retail production later in 2018 it's been a very successful and productive year for the Eugene Oregon company.
|Two Arcimoto's in the space of one car in our garage.|
It's seriously time to take a hard look at the Arcimoto FUV.
Fun Utility Vehicle.
(FUV) is the name of the vehicle as well as the Nasdaq stock ticker for Arcimoto. Fun is also one of the best features of the Arcimoto FUV in my view.
A little history is needed Beginning in 2007, I drove a GEM E4 neighborhood electric vehicle around North San Diego County for three years. Although I’ve had many great cars in my 37 years of driving, the Gem E4 was unique and unparalleled in its “fun factor” being open, light, electric, and so easy to jump in and out of while tooling around the city. Hard to explain if you have not driven one but we felt like we were at a resort when we would go out for dinner or around town in the Gem E4. The downside was its lead acid batteries, range of just 15 miles or so in our hilly area and the speed which was limited to 25mph and use only on roads posted at 35 mph or less.
|The "Fun Factor" of the GEM E4 was off the charts.|
Still, the essence and memory of that fun open-air experience tooling around our city is one that my wife and I miss greatly. Enter the Arcimoto FUV. With the open air “fun factor” that we miss, the Arcimoto FUV will be our personal choice as our next vehicle.
In San Diego, an average $40k SUV driving 12,000 miles uses 600 gallons of gas at a cost of $2000 a year, with an emission cost of 14,000 lbs of CO2e pollutants to our air.*
In San Diego, a $12k Arcimoto FUV driving the same distance uses 1700 kwh of electricity a year at an average cost of $323 a year ($0.19 per kwh), with an emission cost of 935 lbs of CO2e pollutants to our air using grid electricity, zero emissions when charged by solar PV.**
Both cost and emissions are equally important to us.
If you have a large family or need a big SUV, certainly choose one, but its easy to see the huge savings in the cost of owning and running an Arcimoto FUV which is roughly 1/7th the total cost and 1/14th the harmful emissions of an SUV. It gets even better for the FUV when you fuel by rooftop solar, which over 120,000 San Diegan households now have installed.
The key question. Would you drive one?
According to the US department of Transportation based on vehicle registrations, one out of 36 persons has a motorcycle. A good assumption is that roughly 3% of the population drives a motorcycle. Presumably the other 97% don't find it viable or safe for their transportation needs. You can put my wife and I squarely in that camp as neither one of us would drive a motorcycle.
Both of us however, would drive and look forward to the Arcimoto FUV. That's a wonderful equation for Arcimoto if we are in the statistical norm, not the exception.
In our view it's much safer than a traditional motorcycle with its tall visible profile, twin headlights, seatbelt's, car like seats, roll cage, no lane splitting capabilities and stable three wheel platform.
Neither my wife or I would be considered aggressive drivers, we're cruisers. We're also walkers and bicycle riders, and we know we don't stand a chance if crashed into by 4000lbs of a vehicle, yet we choose to share the road with cars anyways when walking or biking.
So imagine the motorcycle market now at 3% and all the players in that limited market segment. Now imagine a market of 10%, 25%, 50% or greater for the Arcimoto. You can see the value of the Arcimoto FUV if a greater degree of drivers find the Arcimoto's configuration viable as compared to motorcycles. It's not a car, it's not trying to be car, it doesn't have to be, and it shouldn't be.
Check out the footage of the folding rear seat of the Arcimoto FUV in the video below and the company at www.arcimoto.com for more information on configurations and options.
Tell us what you think. Would you drive one?
*Gas calculations are done at 24 pounds of emission for a gallon of gasoline per the Union of Concerned Scientists.
**Electric calculations use 143 watts per mile for the Arcimoto FUV and 550lbs of emissions per MWH of electricity in the SDG&E service area.