The size of the new production facility that Arcimoto bought
produced as of end of 2020
The number of patents Arcimoto has secured on various constituent technologies and vehicle platform architectures
The Path to Drawdown: Electric Vehicles
The first electric vehicle (EV) prototype was built in 1828, but being unable to surmount the challenge of building a lightweight, durable battery with adequate range meant that internal combustion engines have dominated the automotive and transport landscape since the 1920s.
Today that landscape is changing. Thanks to supportive policies and falling costs, more than 1 million EVs now criss-cross the roads. The difference in impact on the climate is remarkable. Compared to petroleum-based vehicles, CO2 emissions drop by 50% if an EV’s power comes off the conventional grid. If powered by solar energy, emissions are cut by 95%. Once households purchase EVs, their operating costs are often cheaper than gas-based cars, too.
What once used to be a limitation for EVs - the question of how far the car can travel on a single charge - is now much less of a concern. The average range of a battery electric vehicle produced in 2020 is about 217.5 miles, up from 124 miles in 2015.
What’s making this increase in mileage possible is the continuing development in battery capacity. Global EV battery capacity is expected to increase from around 170 GWh per year today to 1.5 TWh per year in 2030. At the same time, the cost of batteries is falling as their production reaches greater scale.
To be on track to remain under 1.5ºC of warming, 100% of passenger cars and vans (p. 138) need to be running on electricity by 2050. This is a jump from 5% of cars and 0% of vans in 2020, respectively. Accomplishing this overhaul of the transportation landscape means EV production and ownership need to continue to expand over the next three decades:
- 11 million EV cars and vans were on the road in 2020
- 2 billion EV cars and vans (100% of total global sales) need to be on the road by 2050
This would require a CAGR of 18.94% from 2018-2050
Arcimoto, Inc. (stock ticker: FUV) makes, sells, and rents three-wheeled electric vehicles in the United States. Their flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience comfort for two passengers with cargo, parking, and operation. Arcimoto, Inc. was incorporated in 2007 and is headquartered in Eugene, Oregon.
FUV's Role in Drawdown
Arcimoto is known for making 3-wheeled EVs, such as an all-electric rapid response vehicle for emergency services and an EV for last-mile delivery. Their products line also includes Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution to get goods where they need to go; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, a pure-electric on-road thrill machine.
All of these products help electrify road transportation and shift the world away from internal combustion vehicles.
FUV: What We Like
We'll update this section once Arcimoto makes sustainability information available.