The Lotus Eletre is Lotus’s first SUV and first all-electric production car: a large, 800-volt performance SUV with 603 horsepower in base form and 905 horsepower in the Eletre R, which reaches 62 mph in about 2.95 seconds. It launched in the US in 2024 from $107,000, but because it is built in Wuhan, China, steep US tariffs on Chinese-made EVs pushed it out of the American market, and Lotus no longer sells the 2026 Eletre here. That makes US examples rare. Borro lends against luxury cars like the Eletre, so owners can raise capital fast without selling.
Lotus Eletre Specs at a Glance
| Spec | Eletre | Eletre R |
|---|---|---|
| Power | 603 hp | 905 hp |
| 0–62 mph | Not confirmed for US spec | About 2.95 seconds |
| Top speed | Not confirmed for US spec | About 165 mph |
| Range (WLTP) | Up to 373 miles | Up to 304 miles |
| Battery | 111.9 kWh, 800-volt architecture | |
| Fast charging | Up to 350 kW DC; 10–80% in about 20 minutes | |
| Weight | About 5,800 lb (Eletre R) | |
| US launch price | $107,000 | $145,000 |
| Built | Wuhan, China | |
Own a Lotus or another luxury car? Borro lends against luxury, classic and collectible cars valued at $50,000 or more, with loans from $25,000, no credit check and funding in as little as one business day. Get a no-obligation quote or call 720-458-6788.
Is the Lotus Eletre Sold in the US?
Not anymore. Lotus opened US orders in 2024 with two versions, the Eletre at $107,000 and the Eletre R at $145,000, plus a limited launch edition at $229,900. Because the Eletre is assembled in Wuhan, China, US tariffs on Chinese-built EVs rose sharply, effectively doubling its landed cost. Lotus’s finance chief told Nikkei Asia that US sales had averaged only one or two cars a month, and by 2026 Lotus had stopped selling the Eletre in the United States. Its US lineup now centers on the Emira sports car, and Lotus has discussed a US-built plug-in hybrid SUV for the future.
Canada is a different story: a January 2026 trade deal cut duties on Chinese-built EVs, and the first Eletres arrived there in May 2026.
Lotus Eletre Price
US launch pricing started at $107,000 for the Eletre and $145,000 for the Eletre R, before destination. Because the car has left the US market, prices for the remaining US examples are set by the used market, where rarity and the lack of new supply both play a part. Get a current valuation before buying, selling or borrowing.
Performance and Technology
The dual-motor Eletre R makes 905 hp and 985 lb-ft, making it one of the quickest SUVs ever sold. Both versions use a 111.9 kWh battery on an 800-volt architecture, so on a 350 kW charger the Eletre can go from 10% to 80% in about 20 minutes.
Can You Get a Loan Against a Lotus Eletre?
Yes, if the car’s current market value is $50,000 or more, and most Eletres should qualify given their launch prices. Borro lends up to 50% of the appraised value, so an Eletre appraised at $90,000 could support a loan of up to about $45,000. Because so few Eletres were sold in the US, Borro’s valuation experts look closely at recent comparable sales and the car’s condition.
- No credit check and no personal guarantee. The car secures the loan, and Borro does not ask for personal or business financial statements.
- Fast funding. Once your loan is approved, funds can arrive in as little as one business day.
- You keep ownership. Your car is held in fully insured, secure safekeeping for the loan term and returned when you repay.
- Private and discreet. Borro has lent more than $1 billion to clients across the country and holds an A+ BBB rating.
How It Works
- Tell us about your car. Share the version, year, mileage and the amount you want to borrow.
- Inspection. A Borro valuation expert arranges an in-person inspection. Have proof of ownership, service receipts and ownership history ready.
- Final quote and funding. Borro sets the valuation, gives you a final loan quote and funds the loan once you accept.
Learn more about Borro’s luxury and classic car loans, how a collateral loan works, or browse every category of assets we accept.
Silence at 905 Horsepower
Press the pedal and nothing clears its throat. There is no rising howl, no ceremony of cylinders. There is only the sensation of the horizon being pulled toward you, smoothly, almost politely, while the cabin stays as calm as a library. In the Eletre R, 2.95 seconds to 62 mph arrives like a secret kept between you and the road.
That is the strange new luxury Lotus built here. A car with the heritage of a lightweight sports maker, rendered as a large, quiet, electric machine on an 800-volt architecture. It looks sculpted. It feels engineered. And it is, in the United States, now a rare thing indeed.
Because Lotus stopped selling the Eletre here, every American example carries a little extra gravity. It is the car other drivers slow down to photograph, the one they ask about at the valet stand, the one whose story you end up telling more often than you expected. Rarity is not a number on a spec sheet. It is the pause before someone says, I did not know you could get those here.
An owner of a car like this holds something unusual, and unusual things deserve patience. If you ever want capital without a sale, Borro can lend against luxury and collectible cars. Your Lotus rests in secure, insured safekeeping, it stays yours, and you collect it again when you repay.
Frequently Asked Questions
Can I borrow against my Lotus Eletre?
Yes, if it is worth $50,000 or more. Borro lends up to 50% of the appraised value, with loans from $25,000, no credit check and funding in as little as one business day.
Can you buy a Lotus Eletre in the US?
Not new. Tariffs on Chinese-built EVs pushed the Wuhan-built Eletre out of the US market, and Lotus no longer sells the 2026 Eletre here. Existing US cars trade on the used market.
How much was the Lotus Eletre?
US launch prices were $107,000 for the Eletre and $145,000 for the Eletre R, with a limited launch edition at $229,900.
How fast is the Lotus Eletre R?
The 905 hp Eletre R reaches 62 mph in about 2.95 seconds and tops out around 165 mph.
What is the range of the Lotus Eletre?
Up to 373 miles on the WLTP cycle for the base Eletre and up to 304 miles for the Eletre R.
See how much your car could unlock. Borro’s car loans start at $25,000, with no credit check and no personal guarantee. Apply now or call 720-458-6788 to speak with a valuation expert.
