Vehicles

Tesla’s More Ingenious and Affordable Rival: Solo, A Three-Wheeler

Photo Credit: Automotive Business Review

All-electric cars are expected to become ubiquitous and many automotive manufacturers have joined the market. One such company is Canadian based Electra Meccanica Vehicles Corps. Solo, their three-wheeled single seater take on an electric vehicle, looks to shake up the industry.

Photo Credit: Bloomberg

Designed with solo commuters in mind, the aptly named Solo takes all the features you want from more conventional vehicles and condenses it into a more economical space. Drivers will still get to enjoy amenities like a rear-view camera, large storage space, and adjustable seat, among others, while making it easier to drive and park in big cities.

While convenient, Solo still proves to be a powerful all-electric vehicle. With an 8 second 0-60, the car provides almost as much acceleration as Porsches and other high-end vehicles. Additionally, it has a top speed of about 82mph. It only takes 3 hours to fully charge and can go up to 100mi on a single charge, enough for several days of work commute.

With a price of $15,500, Solo is more economically accessible than most other all-electric cars. In an interview with Bloomberg Television, Electra Meccanica Vehicles Corps. CEO Jerry Kroll stated the following about the electric car industry: “It is great to produce a $45,000, a $100,000 car or a $250,000 care. But for the masses? A $15,000 car that can get them to stop using gas. That’s creative.”

According to Bloomberg, Electra Meccanica Vehicles Corps.’ stock rose 220% on Wednesday. With a vision and vehicle like Solo, it’s not surprising that the market is reacting positively. With an expected 5,000 cars hitting the road by December, it’s certain we’ll see a lot more Solo in the future.

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