'Microlino,' the Italy-based automotive manufacturer, confirmed the production and release of its Microlino 2.0 vehicle. The company stresses that this EV is technically not a car, and is in fact a quadricycle, or a four-wheeled e-bike with a seating cabin. This distinction comes from the regulations surrounding the legal classification of vehicles in Europe, as the vehicle does not fit into electric vehicle standards.
The Microlino 2.0 is being manufactured at a dedicated facility in Switzerland where it will see an initial release of 999 individually numbered models that were sold in a preorder earlier this year. The vehicle starts at $14,947 USD, which is ultra-affordable for the electric vehicle space. As a result of this pricing combined with the impressive 143-mile range, the Microlino 2.0 has already been preordered more than 30,000 times.
Electric Quadricycle Debuts
Microlino Confirmed the Release of its Microlino 2.0 Electric Vehicle
Trend Themes
1. Ultra-affordable Electric Vehicles - The success of Microlino's Microlino 2.0 quadricycle suggests a trend towards ultra-affordable and practical electric vehicles.
2. Quadricycles as Alternative Transport - As regulations change to favor alternative transport, there will be a trend towards quadricycles as a practical and affordable way to travel in urban areas.
3. Rise of Micromobility - The Microlino 2.0 highlights the trend towards efficient and sustainable micromobility solutions to address urban congestion and environmental concerns.
Industry Implications
1. Electric Vehicle Manufacturing - The emergence of ultra-affordable and practical electric vehicles like Microlino 2.0 presents disruptive innovation opportunities for both established and emerging electric vehicle manufacturers.
2. Micromobility - Microlino's Microlino 2.0 highlights the trend towards micromobility as a practical and sustainable solution for urban transportation, opening up disruptive innovation opportunities for micromobility start-ups and established players.
3. Urban Transportation Infrastructure - Regulatory changes that favor alternative transportation options like quadricycles will require innovative solutions and infrastructure investment to support urban transportation.