Elio Crowdfunding

[eddie66]

This article came across this morning as a Google alert. Not very positive.


http://www.greencarreports.com/news...es-to-public-in-crowdfunding-investment-quest

 

[Johnny Acree]

Is DoE and ATVM the same thing? or, Is the reporter miss using the acronyms? or, Does EM have two
loans applied for?

 

[Jeff Porter]

This article came across this morning as a Google alert. Not very positive.


http://www.greencarreports.com/news/1098702_elio-motors-offers-shares-to-public-in-crowdfunding-investment-quest

Thanks for the link Eddie. At least the article is pretty accurate, reports things in an organized way.

 

[Jeff Porter]

Is DoE and ATVM the same thing? or, Is the reporter miss using the acronyms? or, Does EM have two
loans applied for?

Dept of Energy = DoE, and ATVM = Advanced Technology Vehicles Manufacturing, and yes, DoE is in charge of dishing out the loan guarantees for ATVM. :-)

 

[Art Vandalay]

Dept of Energy = DoE, and ATVM = Advanced Technology Vehicles Manufacturing, and yes, DoE is in charge of dishing out the loan guarantees for ATVM.

I find it interesting that the DOE is funding the ATVM under the auspices of bolstering national security by reducing dependence on foreign oil, yet the only recipients of that funding so far have been manufacturers that utilize lithium-ion batteries. Recently, OPEC has been pumping oil like crazy to prevent the U.S. from developing domestic oil sources, so apparently there is plenty of domestic oil available, yet we know that we will need to rely on foreign sources for the lithium required for the batteries. I'm not sure how that bolsters national security. It seems to me it just shifts the foreign trade deficit to South America rather than the middle east.

 

[Johnny Acree]

Politics makes strange bedfellows ...

 

[AriLea]

I'm not sure how that bolsters national security. It seems to me it just shifts the foreign trade deficit to South America rather than the middle east.

Where China already has leveraged contracts. So maybe they should encourage alternatives to Lithium.

Dual Carbon?(Link)

Racing? (Link)

Density is about the same, 20x faster recharge, lower cost. Availability? TBD

 

[phonetrbl]

Where do I sign up to drive the P5-30 machines around and promote them!!!

 

[Norahsbed]

I find it interesting that the DOE is funding the ATVM under the auspices of bolstering national security by reducing dependence on foreign oil, yet the only recipients of that funding so far have been manufacturers that utilize lithium-ion batteries. Recently, OPEC has been pumping oil like crazy to prevent the U.S. from developing domestic oil sources, so apparently there is plenty of domestic oil available, yet we know that we will need to rely on foreign sources for the lithium required for the batteries. I'm not sure how that bolsters national security. It seems to me it just shifts the foreign trade deficit to South America rather than the middle east.

We just have to wait for Elon Musk to get his battery factory up and running and we won't have to worry about the lithium that will be Elons problem. Besides who would you rather have the govt work with, Middle East or South America? Just asking.

 

[Reid3400]

yet we know that we will need to rely on foreign sources for the lithium required for the batteries. I'm not sure how that bolsters national security. It seems to me it just shifts the foreign trade deficit to South America rather than the middle east.

There are other choices;