RonnieB
Elio Aficionado
Take a look at the article below. It sounds like the ATVM Loan is just about a go.
http://masterherald.com/elio-motors...pendent-carmaker-at-gateway-conference/45552/
Apart from a crowd-funding initiative last year, Elio Motors also secured the Advanced Technology Vehicles Manufacturing (ATVM) loan program under the Department of Energy early this year.
However, as part of its commitment to that specific loan, Elio Motors needed to establish a complicated pricing scheme for the E1A.
From previously being priced at $6,800, the E1A retail price was made $7,000. The $200 increase also comes with a binding or lock-in commitment that would not allow the prospective buyer to change his or her mind about buying the vehicle.
With the so-called binding commitment, those who have placed pre-order on the E1A and shelled out $7,000 can no longer refund their money regardless whether the vehicle comes out on the market as scheduled later this year or not.
http://masterherald.com/elio-motors...pendent-carmaker-at-gateway-conference/45552/
Apart from a crowd-funding initiative last year, Elio Motors also secured the Advanced Technology Vehicles Manufacturing (ATVM) loan program under the Department of Energy early this year.
However, as part of its commitment to that specific loan, Elio Motors needed to establish a complicated pricing scheme for the E1A.
From previously being priced at $6,800, the E1A retail price was made $7,000. The $200 increase also comes with a binding or lock-in commitment that would not allow the prospective buyer to change his or her mind about buying the vehicle.
With the so-called binding commitment, those who have placed pre-order on the E1A and shelled out $7,000 can no longer refund their money regardless whether the vehicle comes out on the market as scheduled later this year or not.