What Is The Status Of The Atvm Loan?

[Marshall]

Only if there is no official E testing and validation, which has nothing to do with the election.

At this point I'm not sure if testing for mileage is one of the test categories which is part of the E series. It may be, but they may be waiting for the Fleet production in December which will be after the election.

But never forget that burocracy moves at a sloth like pace without pressure from the top. Bureaucrats are notoriously hesitant to actually make decisions that they can avoid.

 

[AriLea]

In a recent post on Facebook someone pointed out that the 75 mpg is CAFE where the 84 is EPA and the Elio will be something like 95 mpg on the CAFE. In any case if you look at footnote 6 on page 5 of form 10-12B ---> http://ir.eliomotors.com/all-sec-filings/content/0001214659-16-012757/0001214659-16-012757.pdf <--- You will see that Elio is expected to achieve 92 mpg CAFE.
Incidentally, if that all seems confusing, don't feel alone.

There was some hard facts on page six, very interesting facts. In particular...
Quote;

We had Berline (a Detroit advertising agency), perform a survey to assess the market for the Elio. Berline surveyed 2,000 people who watched a video about the Elio and then completed a questionnaire. 23.8% of the respondents classified themselves as either “Very Likely” or “Extremely Likely” to purchase an Elio, an impressive result for a new vehicle.

Given 320 million people in the USA, and if this represents a single purchase -per- household, and 2.58 people per household....
that's a back log or pent-up demand for 29.5 million Elio's. Or about 122 years of Elio production at 240k per year.

Given that most cars are replaced every 10 years, Elio will definitely want to use that whole factory at some point.

Obviously not all of these people will make a move to buy or discover the Elio all at once, but in my limited experience of 60 years, I can't think of a car with this much market potential... not ever.

 

[AriLea]

I know this is a buyer oriented forum, still I can't help but think strategically like a producer, it's a habit.

As we know from other discussions, the numbers above indicate there are likely a mid-volume market for a EV-Elio at a premium EV price say $15-$30k. But I see also a big enough market for a single seat Autocycle at say 45-75k units per year at say $1100-1600 less than the Elio. Using the same drive train it could be a sport-model. Given the Turbo Option, that would be a Super-Spider model.

I say this because when the Elio is all that popular, another maker will figure all that out and maybe produce such a vehicle as a segway into the high volume autocycle market. To avoid the incursion of competition, at about year 2, IMHO, it would be worth publishing more stock to accommodate one or both of those products.

 

[voyager]

But I see also a big enough market for a single seat Autocycle at say 45-75k units per year at say $1100-1600 less than the Elio. Using the same drive train it could be a sport-model. Given the Turbo Option, that would be a Super-Spider model.

I say this because when the Elio is all that popular, another maker will figure all that out and maybe produce such a vehicle as a segway into the high volume autocycle market. To avoid the incursion of competition, at about year 2, IMHO, it would be worth publishing more stock to accommodate one or both of those products.

Already exists, it's called the Sparrow:

[Broken External Image]

 

[AriLea]

Already exists, it's called the Sparrow:

[Broken External Image]

Very Close, but Except it didn't have the foot print or crash testing for really confident freeway driving and it cost over $25k, which was high for a city-street only vehicle. Still I think today in the current market it would have on going sales. It didn't exactly die out because of lack of customers, even if sales could have been a bit more brisk.

 

[Ty]

I believe the status on the ATMV loan is still: Pending.

Just thought I'd throw an update into the thread.
-- Personal thought - it could be that Elio needs to show self-sustaining production is capable and that test parameters (i.e. 75+MPG) can be obtained. I believe that building those first 100 at the Shreveport plant AND keeping careful track of expenses will show the sustainable production part of the equation while the first 23 will be used to test and validate claims such as the mileage. But, that's my 2 cents... again.

 

[voyager]

[Broken External Image]
It's called the Electra Meccanica Solo (sorry). Here's some more info:
http://thetyee.ca/News/2016/07/27/Commuting-Future/

 

[acamara]

Great article but think it should be moved or copied to the Electrs Meccanica Solo Thread

 

[AriLea]

Mr voyager..
I'll repost this to the right thread, you'll like it. Electrs Meccanica Solo Thread

 

[voyager]

But the real news had to do with Elio meeting the requirements of the Advanced Technology Vehicles Manufacturing (ATVM) loan program from the Department of Energy that they very much need. As part of the requirement for the loan, Elio must demonstrate “market acceptance,” which is just government-loan-talk for “people will actually buy your shit.”

http://jalopnik.com/the-elio-will-cost-7000-but-now-you-have-to-buy-one-if-1785204182