Benzinga | Jul 16, 2021 11:32AM EDT

Arcimoto Joins Pilot Program With Tennessee Clean Fuels, Drive Electric Tennessee To Test Electric Vehicles

* Arcimoto Inc (NASDAQ:FUV) entered a joint pilot program with Tennessee Clean Fuels and Drive Electric Tennessee for testing electric vehicles.

* Arcimoto FUV and Deliverator models will be put to the test in key cities across the state to enhance electric transportation in Tennessee.

* During the 30-day pilot program beginning on August 16, Arcimoto vehicles will be tested by state and local governments in key cities including Memphis, Nashville, Knoxville, and Chattanooga.

* Tennessee Clean Fuels and Drive Electric Tennessee consortium's goal is to increase EV adoption in Tennessee from approximately 13,800 EV in June 2021 to 200,000 vehicles by 2028.

* Price action: FUV shares are trading lower by 2.79% at $13.57 on the last check Friday.