Elio Motors
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Late last decade, programs like the Advanced Vehicles Manufacturing Loan Program and the Automotive X Prize led to the formation of a number of startups promising high-efficiency vehicles. Most of these have disappeared, the most famous being Fisker Automotive, though we’ve seen some endure, such as Tesla Motors [NSDQ:TSLA]. Another is Elio Motors, which was formed in 2009 by engineer Paul Elio and is still around despite never having sold any cars. ALSO SEE: Ford latest to make “mobility provider” transition: Video Elio’s first model is a two-seat, three-wheeled car...