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Arcimoto begins selling 'flagship' EV at $19,900

Pete Danko
Arcimoto begins selling 'flagship' EV at $19,900

Arcimoto has begun taking retail orders, requiring a $5,000 nonrefundable down payment, as it embarks on delivering 100 units of a "flagship" three-wheeled Fun Utility Vehicle by the end of June. Arcimoto has long acknowledged it would take time to work costs out of the FUV — a challenge Tesla knows all about with the Model 3 — so the initial price isn’t a surprise. “We are committed to our long-term price target,” Mark Frohnmayer, the company's founder and president, said in an interview.