Arcimoto

Arcimoto

Arcimoto Utah

Utah Passes Christofferson-Harper Autocycle Bill Allowing Three-Wheeled Vehicles to be Operated without a Motorcycle License

Utah Passes Christofferson-Harper Autocycle Invoice Letting A few-Wheeled Autos to be Operated without a Motorcycle License

EUGENE, Ore., March 28, 2022 (Globe NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously enjoyable, extremely-productive electric powered motor vehicles for shifting individuals and stuff, right now declared that motorists of Arcimoto Exciting Utility Automobiles in Utah will no for a longer period will need to have a bike endorsement underneath legislation signed by Governor Spencer Cox. The bill, HB391, sponsored by Representative Kay Christofferson and Senator Wayne Harper, delivers Utah in line with other states that do not require a motorbike license to work an autocycle these types of as those people created by Arcimoto.

“Utah needs to continue being vigilant in our endeavours to tackle the regular innovation of new transportation platforms and make confident our rules and regulations are not hindering the introduction of new goods, particularly American-created products,” stated Agent Christofferson, Chair of the Residence Transportation Committee.

“We’ve had some epic rides by means of the National Parks of Utah, and it is definitely a person of the most magnificent states in the nation to check out from the cockpit of an Arcimoto auto,” claimed Mark Frohnmayer, CEO and Founder of Arcimoto. “We applaud Governor Cox, Representative Christofferson, and Senator Harper for passing this ahead-wondering legislation which will give the citizens of Utah entry to new cleanse transportation vehicles that are made right in this article in the U.S.”

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About Arcimoto, Inc.
Arcimoto (NASDAQ: FUV) develops and manufactures extremely-effective and affordable electric vehicles to assistance the globe shift to a sustainable transportation procedure. Arcimoto cars are currently accessible for reservation in California, Oregon, Washington, Nevada, Arizona, and Florida, and for preorder worldwide. Our flagship automobile, the Arcimoto FUV®, is objective-developed for everyday driving and transforms common trips into pure-electrical joyrides. Launched in 2021, the all-new Arcimoto Roadster is created to be the top open up-road enjoyable equipment and is the purest expression of the Arcimoto System. The Deliverator® and Quick Responder™ provide previous-mile delivery and crisis reaction features, respectively, at a fraction of the expense and environmental impact of traditional fuel-powered autos. Predicted to start in 2022, the Flatbed represents Arcimoto’s eyesight of a pure-electric powered, rightsized utility pickup truck. The forthcoming Cameo™ is created to generate a sleek, silent, sustainable camera automobile for the film and influencer industries. Just about every Arcimoto vehicle is constructed at the Arcimoto Production Plant in Eugene, Oregon. For more details, make sure you visit Arcimoto.com.

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Other than for historical info, all of the statements, anticipations, and assumptions contained in this press release are forward-looking statements. Forward-wanting statements consist of, but are not minimal to, statements that convey our intentions, beliefs, expectations, methods, predictions or any other statements relating to our potential routines or other upcoming events or situations. These statements are based mostly on recent expectations, estimates and projections about our business primarily based, in portion, on assumptions built by management. These statements are not ensures of potential functionality and require challenges, uncertainties and assumptions that are tricky to predict and incorporate, without having limitation, our expectations as to automobile deliveries, the institution of our services and shipping community and our anticipated fee of generation. As a result, true outcomes and benefits may, and are probable to, vary materially from what is expressed or forecasted in the forward-seeking statements because of to numerous elements talked over from time to time in paperwork which we file with the SEC. In addition, this kind of statements could be afflicted by hazards and uncertainties related to, amongst other items: our ability to take care of the distribution channels for our products, including our capacity to efficiently apply our rental approach, immediate to buyer distribution system and any more distribution tactics we might deem appropriate our capability to style, manufacture and market place automobile models within just projected timeframes offered that a motor vehicle consists of many thousand one of a kind products and we can only go as speedy as the slowest merchandise our inexperience to day in manufacturing motor vehicles at the significant volumes that we anticipate our capacity to retain good quality manage over our automobiles and stay clear of materials motor vehicle recollects the selection of reservations and cancellations for our automobiles and our capacity to provide on these reservations unexpected or recurring operational complications at our facility, or a catastrophic decline of our manufacturing facility our dependence on our suppliers improvements in buyer demand for, and acceptance of, our merchandise: alterations in the competitive atmosphere, including adoption of technologies and merchandise that compete with our products the all round power and security of standard economic conditions and of the automotive market extra specifically alterations in laws or laws governing our enterprise and functions charges and challenges related with prospective litigation and other threats explained from time to time in periodic and current stories that we file with the SEC. Any forward-on the lookout statements communicate only as of the day on which they are made, and other than as might be demanded beneath applicable securities legislation, we do not undertake any obligation to update any forward-wanting statements.

Community Relations Get in touch with:
Megan Kathman
(651) 785-3212
[email protected]

Trader Relations Get hold of:
[email protected]

A picture accompanying this announcement is readily available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c408ab3-97e4-40e3-a7ee-c9f35ccd394b