Florida, Hawaii, and Louisiana Are Latest States to Reclassify Driving Requirements for Next Generation Three-Wheeled Autocycles

Updated “autocycle” classifications in each state allow drivers to operate Arcimoto FUV (Fun Utility Vehicle), Deliverator, and Rapid Responder with a standard driver’s license without a motorcycle endorsement, eliminating an unnecessary hurdle for adoption of ultra-efficient Electric Vehicles.

EUGENE, OR – July 9, 2021 – (Motor Sports NewsWire) – Arcimoto, Inc.® (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, today announced that Florida, Hawaii, and Louisiana are the latest states to reclassify driving requirements for next-generation autocycles such as those made by Arcimoto, removing the need for a motorcycle endorsement and allowing drivers to operate the FUV, Rapid Responder, and Deliverator with a standard driver’s license.

“On behalf of everyone aiming to adopt ultra-efficient mobility solutions, we would like to sincerely thank the state legislatures and governors in Florida, Hawaii, and Louisiana, as well as the Arcimoto preorder customers and advocates who testified to push these common-sense changes forward,” said Mark Frohnmayer, Arcimoto Founder and CEO. “This will remove a needless hurdle to both own and rent an FUV, which is stable by design and requires no special skills to operate, with simple controls that can be easily learned before your first drive.

“We are especially stoked to increase our rental presence in tourist destinations in each of these states, which would provide zero-emission alternatives to the many thousands of gas-powered, CO2-emitting scooters, motorcycles, and three-wheelers that tourists rent everyday. We believe electrifying vehicles for renters will make a meaningful impact on air quality and carbon emissions, and provide easy access to try a pure-electric joyride unlike anything else on the road today.”

The changes went into effect in Hawaii on June 30 and in Florida on July 1, and will take effect in Louisiana on August 1. The changes apply to the Arcimoto FUV, Deliverator, and Rapid Responder, which feature two front wheels and one rear wheel, a roof that meets the automotive FMVSS 216a standard for roof crush, a seatbelt harness system, and full seats that do not require the operator or passenger to straddle or sit astride the vehicle.

These laws do not apply to the upcoming, open-air Arcimoto Roadster, which will require a motorcycle endorsement or three-wheel motorcycle endorsement to operate in most locales.

Arcimoto vehicles are currently available to purchase in Oregon, California, Washington, and Florida, with more states anticipated to open for sales later this year. To reserve a vehicle in an open state, or to place a refundable preorder for upcoming states, visit Arcimoto.com/order-now.

Arcimoto vehicles are available to rent in Eugene, San Diego, Key West, and in San Francisco through GoCar Tours. To book your rental, visit Arcimoto.com/rental.

For the latest company updates, follow Arcimoto on YouTube, Facebook, Instagram, Twitter, and LinkedIn. A replay of the Company’s latest quarterly earnings webinar can be viewed here. For more information, visit Arcimoto.com.

About Arcimoto, Inc.

Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers in California, Oregon, Washington, and Florida, the Arcimoto FUV® is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, the Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Two additional concept prototypes built on the versatile Arcimoto platform are currently in development: the Cameo™, aimed at the film and influencer industry; and the Roadster, designed to be the ultimate on-road fun machine. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.

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Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.

Source: Arcimoto, Inc.