Alabama Passes Meadows Autocycle Bill Allowing Three-Wheeled Vehicles to be Operated without a Motorcycle License or Helmet
19 Abril 2022 - 10:00AM
Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously
fun, ultra-efficient electric vehicles for moving people and stuff,
today announced that drivers of Arcimoto Fun Utility Vehicles in
Alabama will no longer need to have a motorcycle endorsement or
wear a helmet under legislation signed by Governor Kay Ivey. The
bill, HB 37, sponsored by Representative Charlotte Meadows, brings
Alabama in line with other states that do not require a motorcycle
license or helmet to operate an autocycle such as those built by
Arcimoto.
“From time to time we find statutes and regulations that need to
be changed because they are no longer appropriate for new,
innovative products,” said Representative Meadows. “With the
necessary changes provided in HB 37, I am happy to welcome another
new company to Alabama!”
“We’d like to personally thank Representative Meadows and
Governor Ivey for moving this legislation forward and giving
drivers in Alabama access to clean, sustainable transportation
options,” said Mark Frohnmayer, CEO and Founder of Arcimoto. “We
can’t wait for locals and tourists alike to explore the great state
of Alabama in a pure-electric FUV.”
Arcimoto vehicles are currently available in Arizona,
California, Florida, Nevada, Oregon, and Washington. As soon as
sales are ready to begin in Alabama, Arcimoto will reach out to
preorder customers there to complete their vehicle reservations.
You can save your spot in line by placing a $100 refundable
preorder at Arcimoto.com/order.
For the latest company update, check out our Full Year 2021
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About Arcimoto, Inc.Arcimoto is a pioneer in
the design and manufacture of rightsized, ultra-efficient,
incredibly fun electric vehicles for everyday mobility. Built on
the revolutionary three-wheel Arcimoto Platform, our vehicles are
purpose-built for daily driving, local delivery, and emergency
response, all at a fraction of the cost and environmental impact of
traditional gas-powered vehicles. Based in Eugene, Oregon, the
Arcimoto team is dedicated to creating world-class EVs that make
the world a better place. For more information, please visit
Arcimoto.com.
Safe Harbor / Forward-Looking StatementsExcept
for historical information, all of the statements, expectations,
and assumptions contained in this press release are forward-looking
statements. Forward-looking statements include, but are not limited
to, statements that express our intentions, beliefs, expectations,
strategies, predictions or any other statements relating to our
future activities or other future events or conditions. These
statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made
by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict and include, without limitation, our
expectations as to vehicle deliveries, the establishment of our
service and delivery network and our expected rate of production.
Therefore, actual outcomes and results may, and are likely to,
differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors discussed from
time to time in documents which we file with the SEC. In addition,
such statements could be affected by risks and uncertainties
related to, among other things: our ability to manage the
distribution channels for our products, including our ability to
successfully implement our rental strategy, direct to consumer
distribution strategy and any additional distribution strategies we
may deem appropriate; our ability to design, manufacture and market
vehicle models within projected timeframes given that a vehicle
consists of several thousand unique items and we can only go as
fast as the slowest item; our inexperience to date in manufacturing
vehicles at the high volumes that we anticipate; our ability to
maintain quality control over our vehicles and avoid material
vehicle recalls; the number of reservations and cancellations for
our vehicles and our ability to deliver on those reservations;
unforeseen or recurring operational problems at our facility, or a
catastrophic loss of our manufacturing facility; our dependence on
our suppliers; changes in consumer demand for, and acceptance of,
our products: changes in the competitive environment, including
adoption of technologies and products that compete with our
products; the overall strength and stability of general economic
conditions and of the automotive industry more specifically;
changes in laws or regulations governing our business and
operations; costs and risks associated with potential litigation;
and other risks described from time to time in periodic and current
reports that we file with the SEC. Any forward-looking statements
speak only as of the date on which they are made, and except as may
be required under applicable securities laws, we do not undertake
any obligation to update any forward-looking statements.
Public Relations Contact:Megan Kathman(651)
785-3212pr@arcimoto.com
Investor Relations
Contact:investor@arcimoto.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a86d8131-e141-4d3e-9225-89316b0a9235
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