No Market for Low-Speed Electric Vehicles

Here’s a manufacturer of low-speed electric vehicles (LSEVs), Eli ZERO, who’s showing its product at an event in Spain.  They write: “our new distributor is showcasing the vehicle and gauging the market’s response.”

Sorry, but the world is already completely aware of the market’s response, which I would call somewhere between dismal and abysmal.

I make this assessment based on two things:

a) The unbroken record of failures that we’ve seen over the last 15+ years, and

b) Common sense.  If you live in a large, gated community, you may need a golf cart. Everyone else travels on roads whose speeds far exceeds those that the law requires for LSEVs. That means every Eli customer needs two cars (and thus maintenance schedules, insurance policies, parking spaces, etc.).  How appealing does that sound?

As shown above, these folks are not bashful about raising capital from gullible investors.