WilliamH
Elio Addict
EM made statements prior to and during the ATVM Loan application process that they had funding for the P5-E25 Builds and the anticipated production startup without the ATVM Loan funds. EM's lack of funding, inability to meet the Milestone P & E Builds, and production target dates is more likely the reason for the ATVM delay. Also, proof that the loan can be repaid which seemed more likely earlier in the application process.
EM's delays may be the logical reason for the DOE's delay. Let's not put all the blame on our friends at the DOE. The DOE could still approve the ATVM loan if EM gets a private infusion of venture cash and the P and E's built. The ball is in EM's court in my opinon.
..........."EM's delays may be the logical reason for the DOE's delay"..........
or EM's delays may be the logical result of the DOE's delay?
Or it could be that, as with any large bureaucracy, it's easier to say "we need more time to study that issue" than it is to say "yes" or "no" and take responsibility for your actions. And failure to take responsibility for your own actions is the hallmark of any large bureaucracy as well as its major fault.