Travis Bertram
Elio Fan
- Joined
- Jan 21, 2014
- Messages
- 12
- Reaction score
- 24
I tend to agree with the avoiding the red tape. If you do a bit of internet research you will find Elio and Aptera did not meet the definition of high efficiency vehicle under the DOE Clean Energy loan program. Aptera did the politicking to get the law modified so three wheel vehicles qualify. Elio and Aptera are specifically listed as two programs who should qualify in spirit but did not because they lacked the 4th wheel. I see Elio following the same track as Tesla. Tesla did not accept the Federal Funds until they were already established and in production. They were able to use the funds to boost their established program and quickly repay the loans. Unlike Aptera who used to the funds to attempt to get into production and failed miserably.Perhaps their decision to not pursue Federal funding has to with an aversion to massive red tape and attached strings.