Since GM isn’t using it for anything productive, entrepreneur Paul Elio is planning on retooling their Shreveport, LA plant to produce these neat 2 seaters:
Purportedly it will meet all Federal Safety and emissions regulations, get 49 mpg city/ 84 highway, and be cheaper to register since technically it falls under the “motorcycle and trike” classification of most DMVs. At a planned MSRP of $6800, its less than 1/3 the price of a new Prius, too.
Another really interesting concept here is the payment schedule- buyers would pay a nominal down payment, and then receive a credit card which charges them triple the current gas price whenever they fill up, with the surplus used to pay down the vehicle loan.
All he needs is another 200M to get it off the ground. Peanut money, really…