What Is The Status Of The Atvm Loan?

[voyager]

I can see two aspects that may make the EPA loan a bit iffy...
1. The autocycle categorization differs per state, making high-volume sales less likely
2. 90-95% of the drivers sit all alone in their cars; you don't need that much bulk on the road as Paul Elio has pointed out on several occasions...
However, the Elio has a front stance that is as wide as that of a full-size car. Space is not gonna benefit.

 

[Rickb]

I can see two aspects that may make the EPA loan a bit iffy...
1. The autocycle categorization differs per state, making high-volume sales less likely
2. 90-95% of the drivers sit all alone in their cars; you don't need that much bulk on the road as Paul Elio has pointed out on several occasions...
However, the Elio has a front stance that is as wide as that of a full-size car. Space is not gonna benefit.

I see the ATVM Loan approved only when EM: 1. Has a proof of concept. 2. Financial statements prove their ability to repay the loan.

I hope, but question the average USA driving public wrapping it's arms around a small three wheeler commuter, but EM's max production of 250,000 units per year needed to keep the base price low shouldn't be that difficult after people see Elio's on the road and they prove to be well built, safe, and reliable commuter vehicles. Harley Davidson manufacturers 250,000 + MC's per year........solid numbers, but not huge numbers for a mass produced vehicle that develops a loyal customer base over time.

 

[AriLea]

I can see two aspects that may make the EPA loan a bit iffy...
1. The autocycle categorization differs per state, making high-volume sales less likely
2. 90-95% of the drivers sit all alone in their cars; you don't need that much bulk on the road as Paul Elio has pointed out on several occasions...
However, the Elio has a front stance that is as wide as that of a full-size car. Space is not gonna benefit.

The loan program has a requirement on the fuel consumption, not on the bulk of the vehicle. You may be confusing things with Diamond lane uses.
The diamond lane indirectly has a interest in bulk, as one purpose was to free up down-town streets, but this is not directly defined by the rules.
For lane access, car pools, Zero emission, motorcycles plus those vehicles with a single occupant pass in some states (Link).
But Diamond lane access is not the criteria for the loan.

 

[voyager]

I looked it up. What's mentioned specifically, is: "Be financially viable without the receipt of additional federal funding for the proposed project"... Oh wait, that means without any further government grants.
http://energy.gov/lpo/atvm-project-eligibility

 

[Marshall]

I looked it up. What's mentioned specifically, is: "Be financially viable without the receipt of additional federal funding for the proposed project"... Oh wait, that means without any further government grants.
http://energy.gov/lpo/atvm-project-eligibility

Yes. As stated before, no subsidy stacking. But is does leave open needing the ATVM loan by itself as the financial tool to get to economic viability. I know they are working on alternative financing, but I suspect the projects viability is significantly affected by the ATVM loan being granted.

Also, non government funding is not restricted by an application for or a grant of the ATVM loan. Bridge financing is fairly common.

I wouldn't be surprised if one of the partners creates a financial services company as either a subsidiary or as a partner with Elio. It's almost a universal operation with vehicle manufacturers.

Also, once deemed financially viable, it won't prevent further government grants or loans where mutually advantageous.

 

[floydv]

Not directly related to Elio's loan application, but there are signs that DOE is starting to ramp up activity on its loan program. Two new positions, one for an engineering position to review ATVM applications and another for a loan specialist to process them, we're just posted a few days ago:

https://www.usajobs.gov/GetJob/ViewDetails/442451000/

https://www.usajobs.gov/GetJob/ViewDetails/442355100/

If nothing else, this indicates DOE intends to procure resources to process its existing applications or gear up in anticipation of more applications coming in. It could be a good sign for Elio.

 

[Marshall]

Not directly related to Elio's loan application, but there are signs that DOE is starting to ramp up activity on its loan program. Two new positions, one for an engineering position to review ATVM applications and another for a loan specialist to process them, we're just posted a few days ago:

https://www.usajobs.gov/GetJob/ViewDetails/442451000/

https://www.usajobs.gov/GetJob/ViewDetails/442355100/

If nothing else, this indicates DOE intends to procure resources to process its existing applications or gear up in anticipation of more applications coming in. It could be a good sign for Elio.

Maybe. Or maybe a campaign donor needs the loan. Just call me suspicious.

 

[voyager]

Perhaps the DOE waits for the elections to take place...

 

[bunchathrees]

Wait. People are expecting government to operate quickly?

 

[Buckeyejake]

It boggles my mind how are government will dole out billions of dollars to foreign countries with no chance of repayment. But, an American company trying to employ American workers requests a mire $250 million must jump through endless hoops.

As normal, our government is clueless and out of touch with the needs of Americans.

I believe in America. I believe in helping those in our country that wish to continue to make our country strong. This is one of the many reason that I support Elio Motors.