Arcimoto Launches Pilot Program With Encinitas City To Test Electric Vehicles - Arcimoto (NASDAQ:FUV)

Electric vehicles manufacturer Arcimoto Inc FUV is launching a joint municipal pilot program with the City of Encinitas to test the Fun Utility Vehicle, Deliverator, and Rapid Responder for use by Encinitas Lifeguards and Infrastructure and Sustainability Departments.
The move aligns with Mayor Catherine Blakespear’s efforts to reduce carbon pollution and advance sustainable transportation in Encinitas.
Throughout the 60-day pilot program, Arcimoto vehicles will be tested by staff located at City Hall and the Marine Safety Division.
“We hope to demonstrate the practical benefits of affordable, small-footprint electric vehicles for a variety of everyday uses that will save the City time and money while furthering their sustainability goals, which are substantial,” said CEO Mark Frohnmayer.
Price action: FUV shares are trading lower by 8.39% at $14.26 on the last check Friday.