Just as an FYI Elio Motors is trying to qualify for the ATVM loan program as an 'ultra efficient vehicle' which is separate from the 'light duty vehicle' segment of the program and the Elio as designed does meet those particular requirements
1) ATV/QUALIFYING COMPONENT ELIGIBILITY [10 CFR 611.2; 611.3]:
ATV Eligibility: In order for a vehicle to be eligible as an “ATV” under the ATVMLP, the vehicle must be one of
the following:
(a) Passenger automobile or light truck (as defined in 49 CFR 523) that satisfies both of the
following standards: (x) the emission standards set forth in clauses (i) and (ii) of the definition
of “advanced technology vehicle” in 10 CFR 611.2, as evidenced by an emissions certification
delivered in accordance with 10 CFR 611.3(a) and (y) the fuel economy standards set forth in
clause (iii) of the definition of “advanced technology vehicle” in 10 CFR 611.2, as evidenced by
a demonstration of the vehicle’s fuel economy performance in accordance with 10 CFR
611.3(b);
or
(b) Ultra efficient vehicle (defined as fully closed compartment vehicle designed to carry at least
two (2) adult passengers that achieves either (x) at least 75 miles per gallon while operating on
gasoline or diesel fuel or (y) at least 75 miles per gallon equivalent while operating as a hybrid
electric-gasoline or electric-diesel vehicle or (z) at least 75 miles per gallon equivalent while
operating as a fully electric vehicle).
Qualifying Component Eligibility: In order for a component to be eligible as a “qualifying component” under
the ATVMLP, the component must be both of the following:
(a) Designed for ATVs; and
(b) Installed in ATVs for the purpose of meeting the emission and fuel economy standards set
forth in clauses (i), (ii) and (iii) of the definition of “advanced technology vehicles” in 10 CFR
611.2.
http://energy.gov/sites/prod/files/...r-Applicants-Final-Version-October-5-2012.pdf
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