by Karl Utermohlen | August 1, 2013 3:21 pm
A new cheap and eco-friendly vehicle is now available in the U.S., but it’s not just a car. It’s also a bicycle.
According to Fox News, a therapist named Mark Stewart bought an ELF and decided to take it for a 1,200-mile ride on July 15. The neon green bicycle-car hybrid was designed by Durham-based Organic Transit and it runs on solar energy.
The $5,000 price tag for the vehicle is relatively cheap compared to your average motorized vehicle, and it’s significantly better for the environment and the user’s health. The ELF doesn’t require a lot of maintenance and it can go for 1,800 miles using the energy equivalent of a gallon of gasoline.
It’s hard to tell whether or not this will be the vehicle of the future since it’s a relatively new venture with only about 75 in existence. However, the ELF could prove to be a popular choice among those looking for a vehicle that’s cheap, cost-efficient and environmentally friendly.
Source URL: http://investorplace.com/2013/08/the-half-car-half-bike-elf-vehicle-thats-making-headlines/
Short URL: http://investorplace.com/?p=381447
Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.